Bitcoin developer Paul Sztorc says Bitcoiners are lying to themselves about Lightning. Developers claim usability has improved, but questions remain over everyday adoption.
Bitcoin developer Paul Sztorc ruffled a few feathers this month with a brutally blunt assessment of the Lightning Network: Bitcoiners are lying to themselves about how well it works.
“Most people don’t realize how bad the Lightning Network is,” Sztorc said in an October 4 post on X, “because there has been a vast, years long conspiracy to ***lie*** about the LN user experience.”
He argued that custodial Lightning services account for more than 80% of payments, and described their promotion as a “vast campaign of fraud on par with Elizabeth Holmes’ Theranos,” he said, referring to fake blood-testing device company whose founder was convicted of fraud.
