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last mile problem
you know how telecom companies have no trouble justifying committing capital to building cable networks between extremely busy hubs because there's lots of users (and they can get lots of monthly subscriptions per cable laid)? it's harder to get them to lay miles of cable out to everyone's house in the boonies etc though because the cost to lay the cable will never be repaid by the customer that it serves
the analogous thing in lightning is capital, which is to say who's putting what bitcoin in what channels. if you're a smart capital allocator, you'll only want to commit your funds to channels where it'll get used -- this is because you have real network costs like onchain fees etc that need to be covered (in theory) by the routing fees that you're able to earn from that capital.
who's going to want to put lots of bitcoin into small channels with every end user, who maybe receives a $100 payment every week or two? the onchain costs are high for the amount of turnover that capital gets
mempool is obsolete
I wrote a post to the mailing list about this sometime last year; the general gist of it is that the mempool makes plenty of sense when every other node on the network is participating in looking for the next block (aka mining). in that case, sending every transaction to every node on the network makes a lot of sense
most block construction is fairly centralized now to a handful of mining pools, yet we're still wasting a bunch of bandwidth btw bitcoin nodes ... rather uselessly imo.
Obviously you're referring to me, but I'm most certainly not going anywhere and have contributed quite a lot to discussion already here. I use Lightning, login with Lightning, and appreciate the open and honest discussion that exists here.
You trying to turn it into another echo chamber will only be harmful. If users are willing to use Lightning and pay sats to use stacker.news I don't see the harm in discussions that aren't Bitcoin-only.
The Monero discussions specifically have been mostly critical of Monero and have had great back and forth where each "side" learns from the other -- there are not many places like that, and I love that stacker.news is like that. People are critical, nuanced, and open to engaging discussions.
Let's keep that going.
your wishes have been granted 🪄
You are missing a key aspect in this.
You start from the misinterpretation that in order to have full custody, you must run a public node.
That's mislead many new bitcoiners into the space.
As I explained in this guide about private nodes:
https://darthcoin.substack.com/p/private-lightning-nodes
You can run perfectly full nodes without public routing, if you just want to use LN in a private mode.
Public routing is NOT for each of the plebs that just want to pay his beer over LN with his own node!
Public routing nodes are more for large liquidity providers LSP that will help (a lot) the small other private nodes. If you have balls and large capitals, ok go ahead, but do not start your LN node with public channels of 100k sats. You are doing more harm than good to the entire network!
Read more here:
Do not complicate your life when could be easy.