Someone has to be first: a few thoughts on Lightning Network centralization

Someone has to be first: a few thoughts on Lightning Network centralization

Andreas Brekken, the owner of shitcoin.com, created a new node in Lightning Network that currently has 35.24 BTC, that amounts to 49% of the whole network. Andreas revealed the plans to make a review of the LN, that's why he created the node. However, it raises concerns over centralization of the network.

Centralized Lightning Network is a favorite argument of every supporter of big blocks for Bitcoin. However, the problem here is simple. Someone must provide liquidity for the network, or it wouldn’t be possible to use it. At the same time, there aren’t many people willing to provide liquidity for LN. So why should we reject such nodes?

Now it’s stuck with the problem of egg and chicken, as many other blockchain-related things. First, there must be centralization, then usability, then adoption, and with adoption, many new providers come into space, and it becomes truly decentralized. Someone has to be the first mover. After all, no one is forced to use this node, everybody can just ignore it if they want to. The intentions of Andreas Brekken are unknown, but can we suppose that a man can be benevolent sometimes?

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