related posts
186 sats \ 2 replies \ @TonyGiorgio 19 Jan 2023
First off they need to learn how to spell Lightning, but I understand hiring editors or reputable writers is hard Coindesk.
Second, wrapped bitcoin is custodial bitcoin so congrats of tricking the fools into your bullshit yield products.
Third, PUBLIC capacity. There's close to 1 million UTXOs that could be apart of private lightning channels currently.
Let the shitcoiners circle jerk themselves and then in a few years go "oh no who could have seen this coming" when it collapses or is full of hacks.
reply
4 sats \ 0 replies \ @DarthCoin 19 Jan 2023
and 4th, there's no such thing as "bitcoin locked" in LN... are simply sats ready to be used for payments.
reply
0 sats \ 0 replies \ @poe7645 OP 19 Jan 2023
This is exactly the brutal, concise takedown I was hoping someone would put into words I'd have used too many for.
Cheers!
reply
0 sats \ 0 replies \ @cryptocoin 19 Jan 2023
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read.
reply
5 sats \ 1 reply \ @lightcoin 19 Jan 2023
apples/oranges comparison (one is a state channel network for p2p payments, the other is a blockchain network mainly for financial contracts) but still, good for them. let's hope their bridge is more secure than the others that have been hacked in the last couple of years.
reply
0 sats \ 0 replies \ @poe7645 OP 19 Jan 2023
This was mostly my feeling. Just curious what other's thoughts were. I figured it was yield chasers and people experimenting with other defi use cases. I did find it interesting though.
Thanks for your input!
reply
0 sats \ 0 replies \ @cryptocoin 19 Jan 2023
CoinDesk is up for sale.
Hope the new owner is less of a shitcoiner.
reply
0 sats \ 0 replies \ @Eximpius 19 Jan 2023
Well… it is a coindesk article. One of the worst rages in the space.
reply
0 sats \ 0 replies \ @Lumor 19 Jan 2023
Omkar needs to have some sleep / improve editing skills.
reply