Memo - Post by StackmyBCHup

StackmyBCHup

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Anders Rytter Hansen

No it isn't, that's why what they are doing is a very stupid approach for their coin's survival. And yes I agree: in some cases centralization doesn't matter much, though we.....

Exactly, if LN can be used by multiple coins, why is BTC needed? They will just start accepting alt X (fiat tokens) to open channels cheaper than on chain BTC fee & then why use BTC?

sherrykochmail

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That's right, Lightning Network will be equally insecure for all coins.

Anders Rytter Hansen

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Exactly. LN won't save BTC - it will make it irrelevant.