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Right back at you!
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I think layer 2 designs that aren’t lightning have been ignored for way too long, but I also see this changing. By the time 2023 ends I expect alternative-L2s to raise more total funding than lightning companies this year, and I expect that’ll accelerate in the next few years.
There’s A LOT of work to be done on most of these ideas before they’re commercially viable, but I think that landscape will look very different very soon, and we’re going to see many new players in that arena.
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Dario from Muun here.
We should be careful to analyze the current lightning costs properly before calling economically rational pricing an "attack".
Being a non-custodial lightning mobile wallet during a bear market has costs that are usually overlooked: to provide inbound capacity, as a wallet, you are locking your own money into a depreciating asset, which has a very high financial cost. These locked assets have very low utilization since mobile nodes are not routing third-party payments.
Most lightning wallets and nodes either do not account for these costs or subsidize them. And that's fine if you can spare the money.
At scale, it's just not sustainable.
We can wish that lightning had "almost zero fees" and ignore the actual costs, or we can accept the real costs (both operational and financial), talk about them openly, and get to work on optimizing them down.