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You are wrong to say it is a centralized solution. My channels, my peers, c-Lightning and a friends open source wallet. Where is the centralization? Where is the trusted third party?

What feature was given up? Sats are sats and they are accepted where sats are taken.

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To get a comparable user experience you need to depend on a third-party to manage the channels and liquidity.

Otherwise you can't use it on your mobile phone, have problem with finding an available route, having failed payments, having to open new channels and you still have to make regular and expensive Bitcoin transactions when topping up or opening channels.

third-party is not necessarily a harbinger of centralization, as long as there are many third parties to choose from (and you can always setup your own channel if it suits you)

With that logic then Bitcoin is unnecessary since you have several banks or fiat currencies to choose from already.

I have not experienced these issues myself, but I don’t doubt that experimental software is tricky.

It’s true that while an onchain tx is simpler to manage, there are many cases where an onchain tx is undesirable. Lightning facilities that.

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