With it's speed, scalability, and unrivaled privacy... it poses a threat to everything.
Attacks like BOLT12, Soft-forks, and ECash may try to corrupt it- but their lies can't survive the scrutiny of truth for long.
Like with all prior attacks against Bitcoin, these attacks on Lightning will only make it stronger. Lightning as the web language for money is inevitable.
No, I'm eager to see the outcome! And I salute the people working on it.
We will likely have to have multiple L2 solutions, but it's likely that Lightning is already too far ahead with adoption, infra and its "brand". To replace it we will need something substantially better, and not just a bit better.
https://i.postimg.cc/K8z15H6X/pretty-good.gif
I like this new term "LN maxi"...
It's the only correct take.
It's also why Lightning is under attack.
With it's speed, scalability, and unrivaled privacy... it poses a threat to everything.
Attacks like BOLT12, Soft-forks, and ECash may try to corrupt it- but their lies can't survive the scrutiny of truth for long.
Like with all prior attacks against Bitcoin, these attacks on Lightning will only make it stronger. Lightning as the web language for money is inevitable.
https://i.postimg.cc/sXmH6BvR/vader-power-dark-side.jpg
Is bolt12 an attack? What is the argument against it?
It's considered an attack on LN. Some consider it against the idea of Bitcoin/LN. Sorry I don't have the references handy.
Lightning alone won't scale bitcoin
That's what the shitcoiners and spooks want you to think.
I think its just math
Are you talking about custodial LN? Yes, this is possible
Current state of channel factories could do a billion onboards a year. The math checks out.
The overall # of UTXO's is another matter, but that's a theoretical problem not an actual one.
Still a theory isn't it? Is there a channel factory operational today?
One with regarded assumptions, so it's a regarded theory yes.
Yes, every lightning node is a channel factory when it opts to do batch opens.
I've got my eye on it. Interested to see how it would work
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That's point! I'm LN maxi too.
Do you consider BP/LNP and Ark as a waste of time?
No, I'm eager to see the outcome! And I salute the people working on it.
We will likely have to have multiple L2 solutions, but it's likely that Lightning is already too far ahead with adoption, infra and its "brand". To replace it we will need something substantially better, and not just a bit better.
These points should resonate anyone into becoming a Bitcoin Maximalist
I wouldn't keep all my bitcoin in lightning though
New religion...?! There are too many already! 😁🙈
100% 🤙
This has revolutionized btc transactions in the 21st century and the earlier the adoption,the better for humans....