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19 sats \ 1 reply \ @siggy47 4 Apr 2023 \ on: Is Lightning Network Adoption in Jeopardy – Liquidity & Risk Issues Loom Large bitcoin
Second, as all transactions are recorded off-chain except the last settlement, all funds may be lost if any participant closes the channel. This issue goes against the fundamental principle of blockchain technology, which is to ensure transparency.
This would be disturbing if the characterization was accurate. Do most node runners believe this is the case?
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20 sats \ 0 replies \ @Lumor 5 Apr 2023
It's a FUD piece to some extent. DoS attack vector can disrupt to some extent, sure. The risk of losing funds is not there unless node operators go offline for a long time without watch towers. He talks about liquidity issues but doesn't point to any numbers.
Here is another article by the same author:
https://dailyhodl.com/2020/10/22/is-a-pandemic-the-primetime-for-scammers-money-laundering-trends-in-times-of-covid-19/
"Certificated anti-money laundering specialist in the crypto industry, member of Blockchain Ukrainian Association. Founder and CEO of AMLSafe and AMLBot.” Maybe lightning is making life harder for his company?
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