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Can we finally admit the Lightning Network narrative completely contradicts Bitcoin's security model? Maxis are in denial.(reddit.com)

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Link preview Can we finally admit the Lightning Network narrative completely contradicts Bitcoin's security model? Maxis are in denial. Hear me out on this. I was thinking about the ultimate end-game of hyperbitcoinization, and I stumbled into a bizarre paradox. If the Lightning Network becomes as fast, cheap, and seamless as Bitcoin maxis hope it will, could it actually end up undermining the very security of Bitcoin itself? Think about the onboarding process. Right now, the goal is to get everyone onto Layer 2 because we all know the base layer can't scale to handle global, day-to-day commerce. But here is the catch: once a user is successfully onboarded into a Lightning channel, why would they ever leave? If people move to Layer 2 and are just exchanging off-chain IOUs indefinitely, it creates a fatal economic flaw for the base layer: The Fee Market Collapse: Bitcoin's long-term security budget relies entirely on transaction fees replacing the block subsidy. But if most daily transactions happen off-chain on Lightning, L1 transaction volume effectively dries up. Fewer L1 transactions means plummeting fee revenue for miners. If mining ceases to be profitable, the network's hashrate drops, making the entire foundational ledger vulnerable to 51% attacks. The ultimate irony is that the better Lightning gets, the less economic incentive anyone has to interact with the base layer that secures it. By solving the scalability problem, they might accidentally be engineering a slow-motion vampire attack on Bitcoin's foundational security. Change my mind. submitted by /u/Good-Book-6912 [link] [Kommentare] reddit.com · reddit.com
Hear me out on this. I was thinking about the ultimate end-game of hyperbitcoinization, and I stumbled into a bizarre paradox. If the Lightning Network becomes as fast, cheap, and seamless as Bitcoin maxis hope it will, could it actually end up undermining the very security of Bitcoin itself? Think about the onboarding process. Right now, the goal is to get everyone onto Layer 2 because we all know the base layer can't scale to handle global, day-to-day commerce. But here is the catch: once a user is successfully onboarded into a Lightning channel, why would they ever leave? If people move to Layer 2 and are just exchanging off-chain IOUs indefinitely, it creates a fatal economic flaw for the base layer: The Fee Market Collapse: Bitcoin's long-term security budget relies entirely on transaction fees replacing the block subsidy. But if most daily transactions happen off-chain on Lightning, L1 transaction volume effectively dries up. Fewer L1 transactions means plummeting fee revenue for miners. If mining ceases to be profitable, the network's hashrate drops, making the entire foundational ledger vulnerable to 51% attacks. The ultimate irony is that the better Lightning gets, the less economic incentive anyone has to interact with the base layer that secures it. By solving the scalability problem, they might accidentally be engineering a slow-motion vampire attack on Bitcoin's foundational security. Change my mind. submitted by /u/Good-Book-6912 [link] [Kommentare]

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