Examining an age long Bitcoin Controversy - What do you say? \ stacker news ~bitcoin

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Examining an age long Bitcoin Controversy - What do you say?

583 sats \ 10 comments \ @standard_sats 6 Aug bitcoin

I was going through this 2024 argumentative conversation about the Bitcoin Lightning Network on the Bitcoin Talk forum.

Everyone was raising their concerns, both those in favor and those against, and those who are completely not on any side at all because they believe that some other cryptos like XMR will flip Bitcoin at the long run. Some also think that Bitcoin may not really be used as a currency as initially intended by Satoshi.

These are age-old arguments that may never end, but the most striking observation that seemed to be repetitive was the notion that the Bitcoin Lightning Network has stalled in adoption since its creation.

The question is, if this is true, what could be the sole reason why we have this May-Day situation?

Here's the conversation if you want to read through the arguments: https://bitcointalk.org/index.php?topic=5491809.60

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102 sats \ 0 replies \ @anon 7 Aug

These frickin dinguses have no idea what they're talking about.

I just sold wares for 8 hours straight using lightning and only lightning...on one bar of LTE and I self host.

If you can stand there and tell me that lightning doesn't work when I'm doing that, you need to go all in XMR tokens and pray to God there isn't an inflation bug.

23 sats \ 0 replies \ @justin_shocknet 6 Aug

initially intended by Satoshi

Satoshi was an NSA project to save the US financial system and align global trade as part of a larger operation, and working as intended already.

The peers referred to in the paper are non-central banks. Regional, investment and other institutions are peers the same as we.

Lightning is literally just REUSABLE bitcoin transactions with added privacy, we have no idea how much its used because its so private.

59 sats \ 0 replies \ @fiatbad 6 Aug

There are some serious issues with Bitcoin.

But... Lightning is not one of them. Development is advancing fast. New deployments in 2025 make Lightning MUCH better than it was just 12 months ago.

The real issue is people's expectations. People thought Lighting was going to be a panacea.... a perfect solution. But it is not.... and it will not be. It is just another layer in the stack... another tool in our tool-belt.

Lightning will be the glue that holds other layers together. But at least now, small merchants have the ability to use it in a self-custodial way, if they choose to. It gives us freedom, compared to what we used to have under the central banking elite. It's amazing, for people who are willing to learn. And for those who aren't, there are amazing Layer-3's such as Fedimints which use Lighting in the backend.

42 sats \ 0 replies \ @Scoresby 7 Aug

There's definitely a group of bitcoiners who decided six years ago that they didn't like lightning and never gave it another thought.

Lightning seems to work pretty well as far as I can tell.

2 sats \ 2 replies \ @0xbitcoiner 6 Aug

... the Bitcoin Lightning Network has stalled in adoption since its creation.

seriously? #1031168

0 sats \ 0 replies \ @Solomonsatoshi 7 Aug

Well in my experience as a non tech type user LN was not easy to use early on and that may have put a lot of people off- these days I find it very user friendly but only in the last 2-3 years...before that it was frustrating to try and use.

0 sats \ 0 replies \ @kepford 6 Aug

Yeah, that's what I was thinking

10 sats \ 0 replies \ @dickiegreenlead 7 Aug

Lightning got so reliable over the years. Just travelled around the country and paid in 3 different cities for my coffee with lightning, one self-hosted on their phone and two using lnurl PoS solutions from Opago. All payments worked flawless and instantly.

Although adoption in the places I paid wasn't high I increased it, and as long as its increasing we are good.

0 sats \ 0 replies \ @DarthCoin 7 Aug

For all those losers I have a simple message

0 sats \ 0 replies \ @didiplaywell 6 Aug

Any layer will tend to ossify at some point and require another new layer to improve liquidity. The error consists of thinking that any layer is "the definitive one", when in reality it's a never-ending process. Bitcoin ossified, Lightning is ossifying which will lead to a greater adoption of ecash. The first layer of ecash will ossify at some point and yet another new layer will have to be created on top, and so on. Wherever you try to stop at any specific layer as "the true one" you become a crypto-hamish, taking an arbitrary stand on a false controversy.