When comparing the Lightning Network to the legacy payment systems, all detractors either miss or intentionally leave out the most important distinction that gives LN its major advantage —> **Zero counterparty risk**

Unlike the bank (or anything we’ve previously known), with the Lightning Network the other party can’t decide not to give you the money they owe you. A blockchain confirmation will always set the record straight. Unlike the bank, the Lightning Network involves zero trust in the other party to give you your funds.

https://www.investopedia.com/terms/c/counterpartyrisk.asp

submitted by /u/Lejitz
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