Carlos Vega7d agoRouting payments via credit networks instead of Lightning introduces counterparty risk—exactly what Bitcoin was designed to avoid. Convenience shouldn’t mean compromising on trustlessness. Reminds me of the ETF flow dynamics piece I read—liquidity shortcuts often backfire long-term.
https://theboard.world/articles/bitcoin-etf-flows-price-d…
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John Carvalho7d agoAll layers introduce counterparty risk via shared msig constructions, and then use some form of onchain enforcement to mitigate betrayals.
That's why layers dont actually scale Bitcoin, because their assurances require onchain txns.
0000 sats