Is Lightning Network a risk for Bitcoin security since it reduces miner fees?
Is Lightning Network a risk for Bitcoin security since it reduces miner fees?
does LN represent a risk for the Bitcoin ecosystem since it will reduce miner fees (the only income they'll have in a post-btc-minting world) and displace them into second layers?
I couldn't find any analysis that addresses this concern (the reduction of hashrate).
If fees are reduced for miners it will centralize even more mining, since even less organizations could support mining operations in a profitable way.
Will it centralize mining even more and reduce hashrate, thus reducing Bitcoin decentralization?
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