All complex systems that work evolved from simpler systems that worked. - Gall's Law This is why #Bitcoin Cash works and Lightning never will. @freetrade
All complex systems that work evolved from simpler systems that worked. - Gall's Law This is why #Bitcoin Cash works and Lightning never will.LN is broken by design. @telesfor
LN is broken by design.Rick Falkvinge pointed it out years ago. People won't use it because opening and closing the channels will be too expensive. @telesfor
Rick Falkvinge pointed it out years ago. People won't use it because opening and closing the channels will be too expensive.Fees are high and still people are not using it. @usuallyuther
Fees are high and still people are not using it.LN was a really bad solution to a problem that should not have happened. @calm_down_stupid
LN was a really bad solution to a problem that should not have happened.All must-watch vids. TL;DR: LN will *never* save BTC https://www.youtube.com/watch?v=DFZOrtlQXWc https://www.youtube.com/watch?v=Ug8NH67_EfE https://www.youtube.com/watch?v=AzaEd2RQuRw @dragonsidedd
All must-watch vids. TL;DR: LN will *never* save BTC https://www.youtube.com/watch?v=DFZOrtlQXWc https://www.youtube.com/watch?v=Ug8NH67_EfE https://www.youtube.com/watch?v=AzaEd2RQuRwOk. You are right. I should write that LN based on BTC is broken by design. @telesfor
Ok. You are right. I should write that LN based on BTC is broken by design.BCH has little need for LN right now, but if BCH were adopted on a large scale, that would change. LN is great for very small (particularly recurring) microtransactions. @x2dm
BCH has little need for LN right now, but if BCH were adopted on a large scale, that would change. LN is great for very small (particularly recurring) microtransactions.LN isn't broken, BTC is broken. LN is a great idea with major advantages for certain use cases. It's just that, ironically, it only works well when network fees are quite low. @x2dm
LN isn't broken, BTC is broken. LN is a great idea with major advantages for certain use cases. It's just that, ironically, it only works well when network fees are quite low.As I've been saying for years: LN should be implemented on BCH, where it will actually work. It was never designed to replace a non-functional Layer 1, only to augment it. @x2dm
As I've been saying for years: LN should be implemented on BCH, where it will actually work. It was never designed to replace a non-functional Layer 1, only to augment it.