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Lightning network is a hack. It doesn't actually work. - There are many ways for a malicious entity to rollback a payment and prevent it from being detected (j
by cryptica 4y ago
Lightning network is a hack. It doesn't actually work.
- There are many ways for a malicious entity to rollback a payment and prevent it from being detected (just DoS the watchtowers).
- You still need to make an on-chain transaction to open a new channel which incurs on-chain fees and limits the scalability of LN.
It's incredible how money can corrupt large groups of people into convincing themselves that a solution works when it simply doesn't.
- TrapLord_Rhodo 4y agoYou're right, it's a hack. Doesn't mean it's wrong and doesn't work though. BTC stopped being practical for small payments when it got expensive. This is a way to make small, everyday payments cheap again. I'm not going to use LN to transfer large payments. "just DoS the watchtowers" is impracticle for a cup of coffee. Your second point is just plain false and there are many ways around those.
- snapcaster 4y agoHow can you say it doesn't work? isn't it working right this moment? edit: not rhetorical question, actually curious since it appears to be working already