[badge]

If you understand computer science and design, there are some claims the LN team makes which will never be possible.

The lightening network inherently suffers from limitations on transaction rates and an inability to scale up. https://en.wikipedia.org/wiki/Race_condition

It's one of the most basic computer bugs, and LN design is incompatible with a fix for race conditions due to decentralization.

There's also the aspect that the Lightening Network's design inevitably turns it into a banking network, designed to extract fees for the wealthy.

https://youtu.be/Ug8NH67_EfE?t=623

Compounding the already highly centralized wealth of Bitcoin oligarchs who took control of the supply for pennies on the dollar and need new users to dump their nearly free coins out for real money in fiat, where they would be able actually buy property.

https://howmuch.net/articles/bitcoin-wealth-distribution

[eudora]

You've made this race condition claim multiple times in this thread, and haven't backed it up with any detail whatsoever and no evidence.

Could you back it up? You've literally only linked the race condition article and not provided any detail, like which race condition under which circumstances and why it can't be dealt with.

The fact that you're claiming this multiple times with 0 detail and no evidence makes me think you're someone with an interest in something against Bitcoin.

[badge]

In an adversarial decentralized global payment network, information does not propagate instantaneously.

As transaction rates increase, race conditions will increasingly clog the network. There is no way to fix this as information takes time to travel across the network and because this is a payment network, all nodes are constantly shifting funds around. Optimizing away from race conditions inevitably requires a large enough pool of liquid capital that its only solution is for all nodes to connect to a single central hub, or a small number of centralized hubs large enough to support all users and all clients. This is not designed for a peer to peer system and there is no other solution. This can be verified though rudimentary modeling simulations of random nodes, and more so when node sizes are limited to what a normal person would have in a small amount of cash at any given time, or even a sum deposited into a checking account.

The way Lightening Network is designed, is predictably to benefit capital holders with enough excess capital to act as the backbone hubs. Normal users will be unable to bypass the Bitcoin banking/payment processor LN hubs and unable to reliably route though peer to peer paths on the LN.

This presumably is intended to enrich the Bitcoin oligarchs as a passive way to extract rent and wealth on the network simply for controlling existing capital.