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Could liquidity issues lead to future lightning centralisation risks?
1384 sats \ 14 comments \ @stack_harder 12h bitcoin
off the bat I will say, I'm not super worried about this, but wanted to ask.
so if we presume a ton more adoption (think bitcoin standard levles) and usage of lightning in the coming years, would there be a risk of a smaller number of service providers (by this i mean things like Wallet of Satoshi), getting way bigger and dominating the space (big player centralization risk)?
are we so early that this is even worth paying attention to?
if it was a risk, is there anything that can be done, other than running your own lightning node (which i don't think most people would do )?
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29 sats \ 6 replies \ @DarthCoin 12h
is there anything that can be done
Read: #869682
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10 sats \ 5 replies \ @stack_harder OP 11h
so either become uncle Jim or find an uncke Jim?
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0 sats \ 0 replies \ @DarthCoin 9h
read also how to make your own private LN #843264
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0 sats \ 0 replies \ @DarthCoin 11h
read also this: #486306
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0 sats \ 2 replies \ @DarthCoin 11h
pretty much this and the 3rd option is just mind your own business.
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0 sats \ 1 reply \ @stack_harder OP 11h
i feel like uncle Jim might get kidnapped and have his zappers chopped off
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0 sats \ 0 replies \ @DarthCoin 11h
you can be chopped off even without being uncle Jim...
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0 sats \ 5 replies \ @xz 11h
https://mempool.space/graphs/lightning/nodes-channels-map
While I guess there's always risks. I think that graph looks way different to three to four years ago, in both scope and distribution. Similar to mining situation, to some degree, I guess.
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7 sats \ 4 replies \ @DarthCoin 9h
Misleading chart. I explained here why https://darth-coin.github.io/general/omg-ln-nodes-on-amazon-en.html
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0 sats \ 3 replies \ @xz 8h
That is an interesting point, but thr same applies to the whole internet, no?
Not to cast whataboutism, but it's not specifically a problem related to LN, more the internet.
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7 sats \ 2 replies \ @DarthCoin 8h
of course. You can have your own internet in your home too. As i explained here how to make your own private LN if you want and nobody will know about it: #843264
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21 sats \ 1 reply \ @xz 8h
;D I forgot that..
I just mean for non-home setups. Is there any development on the Sphinx type of keys at home node in cloud set up?
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0 sats \ 0 replies \ @DarthCoin 8h
Yes, Breez SDK have a couple of nice mobile LN nodes like Volt, Lipa and some others. Then you have Green wallet: https://darth-coin.github.io/wallets/getting-started-greenwallet-en.html
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0 sats \ 0 replies \ @0xIlmari 11h
A centralisation of Lightning services would be a problem, sure. But it's a uniquely "equal opportunity space" where launching a competing service is relatively easy (compared to starting a new fiat bank). So it's all in the hands of the plebs to fight against this threat.
That being said, running a Lightning service is a business and you should treat it as such. Most plebs will be running private Uncle Jim nodes.
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