Did Blockstream manage to irreparably break the Bitcoin model?

The LN will offer LN tokens as a way to transact cheaply, and eventually almost no one will use the blockchain itself because the laws of economy will make it the competitive way, which will slowly erode the miners’ power over the consensus rules until no one will remain to secure the chain.

Conclusion: the decentralized aspect of Bitcoin was completely broken so it doesn’t matter at if the LN will work or not for cheap fees as a 2nd layer. It’ll end up as virtual monopoly money.

submitted by /u/unitedstatian
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Source: https://www.reddit.com/r/btc/.rss?format=xml

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