4 ms·

Because LN is a centralized service that 100% defeats the purpose of cryptocurrency, it's weird so many have fallen for the scam. Bitcoin Cash (BCH) functions

• snapcaster 2y ago
  Do you understand the downside of large blocks?
  • DennisP 2y ago
    Do you understand that the block limit was set fourteen years ago, and that bandwidth and storage have increased exponentially since then?
    • lawn 2y ago
      It was also introduced as a temporary spam measure.
    • snapcaster 2y ago
      So right, but the issue is that block size increases only get you a linear increase in transaction rates which doesn't really address the problem (would 50 t/s somehow resolve any blockchain congestion?). So you make your currency less secure, risk chain splits but haven't even really solved any problems
      • DennisP 2y ago
        If the hardware is improving exponentially, then increasing the block size on the same curve is also an exponential improvement. Layer 2 is helpful but does not entirely remove the need for space on chain. In LN for example, every channel opening and closing uses block space.
• Geee 2y ago
  Nothing centralized about it and it's not a service. I can open a Lightning channel to my friend and make as many transactions as I want. Only the final difference is broadcasted to the Bitcoin blockchain. A similar method was originally suggested by Satoshi for scaling Bitcoin, so I don't know how it could be a "scam".