This post isn't about every criticism outlined in an article like this:
https://protos.com/critics-claim-buggy-bitcoin-lightning-network-is-slowly-dying/
I know the lightning network has problems. It just seems to me that the argument that there are fewer bitcoin on the network (approximately 300 less than the peak) seems to ignore the reality that bitcoin's fiat price has more than tripled over the last 18 months. We don't live in a bitcoin world yet, so the typical lightning transaction contains a hell of a lot more buying power than it did. The article I linked above denigrates the average dollar value of a channel ($5542) by comparing it to bitcoin's dollar value. I don't get the relevance, since lightning's use case is for smaller payments, and I assume that average channel value is a hell of a lot higher than it was last year.
I'm not a lightning expert. I have run my own node for the last 2 1/2 years. I basically use it for my own payments. I don't have the knowledge to run a big routing node. I focused on fewer, large channels from pretty early on. Obviously, my capacity has grown tremendously recently. Without me doing much beyond making sure my channels were balanced to keep my inbound liquidity up, my node routes far more than it used to. I'm also earning more fees. Most importantly, I rarely have a failed transaction any more.
I know my experience doesn't mean much in looking at the bigger picture. I'm curious to know, though, if stackers think it's just a matter of time before the lightning network becomes meaningless?
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