Lightning Is Doomedbitcoinmagazine.com/technical/lightning-is-doomed
2450 sats \ 15 comments \ @Rsync25 27 Nov 2023 bitcoin
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717 sats \ 7 replies \ @elvismercury 28 Nov 2023
Great article.
What if Lightning isn't going to be the killer protocol that consumers directly interact with in order to make their payments online? What if, just like the blockchain itself, it simply winds up being a piece of a settlement layer that other things are built on top of?
Would that be the end of the world? Would that be a failure of Lightning? I would argue absolutely not. From the very beginning of development on Lightning it was incredibly clear what its scaling limitation would be. The whitepaper literally brings up the issue of not getting support for softforks needed in the future as a limitation of Lightning's potential scalability.
Shinobi with the context.
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228 sats \ 6 replies \ @orthwyrm 28 Nov 2023
Shinobi is a treasure.
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715 sats \ 5 replies \ @elvismercury 28 Nov 2023
Yes. Not just for his technical proficiency and willingness to engage on controversial topics, but I've found people's reactions to Shinobi to be high-signal to know who to ignore to improve my btc SNR.
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228 sats \ 4 replies \ @k00b 28 Nov 2023
his technical proficiency
And he doesn't code a lick. Bitcoin is full of example like this too. It's so magnetic it even attracts the "wrong" pole.
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0 sats \ 3 replies \ @elvismercury 28 Nov 2023
Holy shit, really? How is that even possible?
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0 sats \ 2 replies \ @k00b 28 Nov 2023
Right?! He's just that into bitcoin.
I recall him saying he couldn't code in his What Bitcoin Did - Bitcoin Tech series.
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665 sats \ 1 reply \ @elvismercury 28 Nov 2023
I wonder if it's like Pete McCormack not knowing what xpubs are. It's like, fine, it's a tiny but complicated. But now his ignorance is performative and stupid.
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0 sats \ 0 replies \ @k00b 28 Nov 2023
Ah true, you'd imagine he's picked up at least some coding along the way
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22 sats \ 1 reply \ @DarthCoin 27 Nov 2023
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1 sat \ 0 replies \ @Rsync25 OP 27 Nov 2023
Lol.
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142 sats \ 0 replies \ @DarthCoin 27 Nov 2023
The blockchain was sorely misjudged, it was really just a place to put channel openings and closings, not a place to buy your coffee.
What I was always saying?
  • onchain will be exclusively for opening/closing channels
  • LN for spending
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21 sats \ 0 replies \ @DarthCoin 27 Nov 2023
@Onions please read this article. It was written especially for you :)
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0 sats \ 0 replies \ @ToxicSaraTV 27 Nov 2023
My commentary on this article: Link to youtube
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0 sats \ 1 reply \ @nikotsla 27 Nov 2023
Resume: No, it's not doomed
First paragraph. xD
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10 sats \ 0 replies \ @Rsync25 OP 27 Nov 2023
Haha. That's point.
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