Sure, but is Bitcoin trying to improve that status quo or replicate it? Am I supposed to be impressed that Bitcoin has built a system that is also reliant on third-party services, just like modern banking?
For the moment, starting up a lightning provider is simpler than starting up a payment processor, but how much of that is because of regulation? And do we have any evidence that in the future lightning providers won't be as regulated as modern payment providers? Why should I assume that in the future the situation with lightning providers is going to be any different than the current situation with PayPal?
For the moment, starting up a lightning provider is simpler than starting up a payment processor, but how much of that is because of regulation? And do we have any evidence that in the future lightning providers won't be as regulated as modern payment providers? Why should I assume that in the future the situation with lightning providers is going to be any different than the current situation with PayPal?