On: The Lightning Network: Turning Bitcoin into Money

[librecoiner]

I disagree. Custodial Lightning Bitcoin is still way better than a bank account.

- You can't open a bank account without KYC - You can send money without asking permission - You can receive money without asking permission - You can send money *privately* (onion layer) - You can send money around the globe faster - You can always take it on-chain on L1 via a submarine swap

[cowtools → librecoiner]

Custodial bitcoins defeat the entire purpose of bitcoin. The fact that you don't understand that speaks volumes about the bitcoin community.

[librecoiner → cowtools]

I don't use Lightning. That doesn't prevent me from seeing how Custodial Lightning solutions like "BitcoinBeach" in ES are miles better than Banks.

[cowtools → librecoiner]

custodial ownership of bitcoins is a product of bitcoiners' defeatism: it only makes sense if you just want to make money and no longer care about the original values of bitcoin.

[preseinger → librecoiner]

KYC is good, not bad.