[wyldfire]

The article does mention it.

> We’re interested in what’s happening with Lightning and other proposals to enable faster payments.

Please be careful about promoting LN. It's great tech, yes.

> this stuff really works!

* yes, but please don't actually use it with money yet. [1]

[1] https://github.com/ElementsProject/lightning#project-status

[topranks]

I have major doubts about how it will work in reality.

The routing of transactions just won't work in a fully peer-to-peer network. Inevitably large "Tier 1" hubs, interconnected together, will surely be needed.

Djikstra or Bellman-Ford type algorithms won't scale to where they need to for anything else, likewise users won't maintain enough funds in channels to make potential routes usable.

[simias]

I reached the same conclusion after looking into the matter for a while. I've mentioned it several times on HN and elsewhere and have yet to find anybody offering a rebuttal. Worse, there are very little simulations being done on how it's going to work in practice (admittedly that was about 6 months ago, but the decision to implement segwit/lightning had already been taken at that point anyway).

We're talking about a $100+ billion market cap cryptocurrency and nobody knows how it's going to work. It's hype, speculation and memes all the way down. The power of greed.

[blhack]

Plenty of people (myself included) have used lightning on mainnet successfully.

People know the risks. It's just fun technology to play with.

[duiker101]

I actually don't know the risks. Have a short version?

[richardwhiuk]

You lose all the money you invested, and any money you had in progress, and nothing is worth anything and you have wasted a bunch of time.

[nvk]

I think they are being over cautious (other implementations are not as concern), but yes still in testing. There are over 100 nodes, doing a bunch of transactions no money lost.

[ActsJuvenile]

100 nodes for a network worth hundreds of Billions of dollars: that's not over cautious, that's under cautious.

[IncRnd]

Has there been a threat model performed by a security person (not a developer)?

Functional testing only goes so far and stops at the assumption that the code and design are correct.