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> Bitcoin maxis fight for the simplicity and real-word cost behind proof of work for a reason. No they don't. They promote Lightning Network as some sort of sa
by lawn 4y ago
> Bitcoin maxis fight for the simplicity and real-word cost behind proof of work for a reason.
No they don't. They promote Lightning Network as some sort of savior of all things, but it's the complete opposite of simplicity and soundness.
- hanniabu 4y agoAlso it's be revealed that the seemingly only LN app that works without issues is actually just using bitcoin L1 and not using LN at all.
- origin_path 4y agoOh? Do tell! That sounds interesting. I lost interest in BTC after they decided to cap the block size and push LN because LN was so poorly thought out.
- hanniabu 4y agohttps://twitter.com/ercwl/status/1592666546543136769 https://twitter.com/ercwl/status/1592666546543136769
- origin_path 4y agoCan't say I'm surprised, though the only evidence for this appears to come from Peter Todd so how are you sure it's true? LN should never have been pushed as hard as it was. If they'd launched it and it'd naturally outcompeted regular Bitcoin transactions then fine whatever, but destroying on-chain capacity before LN was even coded was truly crazy.
- bogomipz 4y agoMight you or someone else have a link that discusses this revelation and failure? I'm kind of surprised to hear this.