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The Lightning network addresses all of his privacy concerns with payment channels, onion routing, and multi-path payments. Snowden seems to have similar critic
by beaner 8y ago
The Lightning network addresses all of his privacy concerns with payment channels, onion routing, and multi-path payments.
Snowden seems to have similar criticisms. Neither of them seem to be up on the latest technology.
- pdpi 8y agoThe Lightning Network is in many ways worse, rather than better, for privacy than on-chain Bitcoin transactions, simply because node holders have to at least know all of the route forward, and because of the forced address reuse.
- beaner 8y agoCan you elaborate on why you think this is worse than having the whole network have a permanent history of a direct transaction between addresses?
- knocte 8y agoExactly. Plus address reuse doesn't really matter: if it ever becomes a security problem, they would rob satoshi's coins first.
- ehrtt 8y agoI think you missed the onion routing part. The route is determined by the sender, forwarding nodes only know who they received from and who to forward to, as with TOR.
- knocte 8y agoWhy the negative votes? She/he is damn right.
- Nursie 8y ago"The Lightning Network" had been the BTC advocate's fallback excuse for years now. So far it appear to be an overcomplicated, untrustworthy affair that's failed to deliver. I'm not surprised it gets ignored. I am surprised at how few people see that using such a complicated set of hacks to attempt to fix BTC shows just how flawed BTC is...
- beaner 8y agoHave you tried it? It works today.