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This is pure FUD. Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At lea
by tlrobinson 9y ago
This is pure FUD.
Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At least two other entirely independent companies are working on Lightning Network implementations [3][4]. It's well understood how trustless LN transactions work [5]. The spec [6] and code are open source, feel free to look for a "backdoor".
1. https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-frequency_transactions https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-fr...
2. https://lightning.network/lightning-network-paper.pdf https://lightning.network/lightning-network-paper.pdf
3. https://github.com/lightningnetwork/lnd https://github.com/lightningnetwork/lnd
4. https://github.com/ACINQ/eclair https://github.com/ACINQ/eclair
5. https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts https://en.bitcoin.it/wiki/Hashed_Timelock_Contracts
6. https://github.com/lightningnetwork/lightning-rfc https://github.com/lightningnetwork/lightning-rfc
- cup-of-tea 9y agoWhenever I see the term "FUD" nowadays I think "ah, someone who is invested in a cryptocurrency, this will definitely be an unbiased view".
- deleted 9y ago[deleted]