Imo "Proof of Stake" is very close to a multi level marketing scheme: new entrants are charged an inflation tax that subsidizes participants higher up the chain, and the people higher up decide on the fate of the enterprise.
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“As long as pegging is done correctly...” In all interpretations, these are words to beware of.
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Yes I'm aware there are unique risks to LN that is not inherent to Bitcoin.
@peterktodd elaborated on this recentlyhttps://twitter.com/peterktodd/status/953981556372094976 … -
Still, IMO Lightning Network is still miles more secure than pure PoS systems.
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