Hacker News new | ask | show | jobs
by DrJid 3010 days ago
Sorry but even the lightning network leads to more centralization. You still have to open and close each end and not every individual can do that because that’s already 2 on chain transactions.
1 comments

Network topology centralization is not even remotely the same as concensus centralization. Having a highly centralized topology is mildly bad (but probably avoidable) whereas centralized concensus completely eliminates the usefulness of cryptocurrencies over various trustful payment systems.