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Beta software: http://lightning.network/docs/ http://lightning.network/docs/ reports that the design of the network is still only in draft form, never mind the

Beta software: http://lightning.network/docs/ http://lightning.network/docs/ reports that the design of the network is still only in draft form, never mind the software! (those pesky details like routing, which are a difficult problem, are mostly elided in the documents so far) The main lightning daemon, https://github.com/lightningnetwork/lnd https://github.com/lightningnetwork/lnd is still beta, with plenty of warnings in the docs about shortcomings and potential loss of funds. I'm sure people use it, but the developers are very clear that it it is not to be trusted: https://github.com/lightningnetwork/lnd/blob/master/docs/safety.md https://github.com/lightningnetwork/lnd/blob/master/docs/saf... says that it is 'considered reckless to put any life altering amounts of BTC into the network' - how can anyone consider this to be production quality? you can have third parties do the monitoring for you Not your keys/monitor, not your coins! We're back to square one, aren't we? With just some dodgy software and additional complexity papering over the critical flaws.

gruez 5y ago
>reports that the design of the network is still only in draft form last updated 2016 >(those pesky details like routing, which are a difficult problem, are mostly elided in the documents so far) Can you elaborate on why routing is a difficult problem? Pathfinding and flowgraphs are solved problems in computer science. >I'm sure people use it, but the developers are very clear that it it is not to be trusted: https://github.com/lightningnetwork/lnd/blob/master/docs/saf https://github.com/lightningnetwork/lnd/blob/master/docs/saf... says that it is 'considered reckless to put any life altering amounts of BTC into the network' - it's considered reckless to put any life altering amounts of money into a volatile cryptocurrency (or for that matter, even a single stock) >how can anyone consider this to be production quality? it's considered production quality because merchants are willing to put hundreds of thousands of dollars into it. >Not your keys/monitor, not your coins! watchtowers don't require your keys.

gruez 5y ago

>reports that the design of the network is still only in draft form last updated 2016 >(those pesky details like routing, which are a difficult problem, are mostly elided in the documents so far) Can you elaborate on why routing is a difficult problem? Pathfinding and flowgraphs are solved problems in computer science. >I'm sure people use it, but the developers are very clear that it it is not to be trusted: https://github.com/lightningnetwork/lnd/blob/master/docs/saf https://github.com/lightningnetwork/lnd/blob/master/docs/saf... says that it is 'considered reckless to put any life altering amounts of BTC into the network' - it's considered reckless to put any life altering amounts of money into a volatile cryptocurrency (or for that matter, even a single stock) >how can anyone consider this to be production quality? it's considered production quality because merchants are willing to put hundreds of thousands of dollars into it. >Not your keys/monitor, not your coins! watchtowers don't require your keys.