A business owner who runs a media company in Australia and pays employees remotely in the Philippines has given his honest opinion on what it’s like to use the Lightning Network (LN). Jason Smith’s experience of attempting to use LN for payments was filled with frustration. He reports that the fundamental structure of the offchain solution is riddled with problems.
Also Read: Report: Lightning Network Still Way off Being Ready for Commercial Use
Australian Business Owner: ‘I Want to Pay Employees With Bitcoin — But There’s a Problem’
Over the last few years, people have been arguing relentlessly about the Bitcoin scaling debate and proposed solutions. One of the most controversial solutions for BTC’s transaction congestion and rising fees is an offchain mechanism called the Lightning Network. LN has been heralded by many BTC proponents even when it has been criticized for UX unfriendliness, centralization, and routing issues as they believe it is still a work in progress.
Much of the criticism…