Oh shit so lighting is essentially like an IOU for Bitcoin?
The same way cash was an IOU for gold before the gold standard got dropped?
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For some users at least
I don't know if it's like this for people that run their own node, the issue for them is just that they need to maintain a constant internet connection as far as I know
But lightning promotes custodial wallet usage, which results in inflation, and sometimes average users like me lose money
Thatβs completely false. Lightning has a unilateral exit on-chain. Ecash and custodial wallets are IOUs, though.