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For me, the lightning network is the obviously right solution, bringing more decentralization and totally removing the need for global consensus. Why it is not
by atemerev 9y ago
For me, the lightning network is the obviously right solution, bringing more decentralization and totally removing the need for global consensus. Why it is not that popular, I don't know.
- exit 9y ago> Why it is not that popular, I don't know. because using sha256 for proof of work was a mistake - it's too easily implemented in specialised hardware. now mining power is centralising and small groups can manipulate blockchain policies in their own interest. bitcoin should PoW-chain to a memory-hard hashing algorithm.
- lawn 9y agoBecause LN has been vaporware since it's been announced, claiming to solve all the problems but have yet to done so. On chain scaling has also been shunned in favor of LN but it's still far from ready. You talk about decentralization but it's not shown, and may not even be possible, how the LN should work without relying on centralized hubs.