Is Bitcoin kidding itself about the Lightning Network?
Bitcoin developer Paul Sztorc says Bitcoiners are lying to themselves about Lightning. Developers claim usability has improved, but questions remain over everyday adoption.
Bitcoin developer Paul Sztorc ruffled a few feathers this month with a brutally blunt assessment of the Lightning Network: Bitcoiners are lying to themselves about how well it works.
“Most people don’t realize how bad the Lightning Network is,” Sztorc said in an October 4 post on X, “because there has been a vast, years long conspiracy to ***lie*** about the LN user experience.”
He argued that custodial Lightning services account for more than 80% of payments, and described their promotion as a “vast campaign of fraud on par with Elizabeth Holmes’ Theranos,” he said, referring to fake blood-testing device company whose founder was convicted of fraud.
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