3 ms·
Because LN is flawed as an idea. Who wants to lock in their Bitcoin to a LN channel to pay only one entity on the other end repeatedly? It doesn't make any se
by jcoffland 9y ago
Because LN is flawed as an idea. Who wants to lock in their Bitcoin to a LN channel to pay only one entity on the other end repeatedly? It doesn't make any sense. If, and that's a huge if, you got a lot of people to lock their money up in various interconnected LN channels how do you route money through these channels in a way that is fast and inexpensive? No one has answered that question definitively.
LN proponents have put LN forward as this magical scaling solution were you can effortlessly transact Bitcoin off-chain both cheaply and inexpensively. The nontechnical believers have lapped it up not knowing that LN is an incomplete idea that starts with locking your coin up in one or more channels and end with some magical and as of yet undiscovered distributed routing network that finds a path through existing channels from channels you've already committed to, to channels your payee has committed to. That such a path exists, is cost effective and is reliable, in that your coins don't get stuck somewhere along the way, is an open question. In short, LN is half baked at best.