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by jeremyt
2817 days ago
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This is mostly nonsense. If you don't want to use an LN hub, then create your own. If you don't have enough money, then raise some capital and start a LN hub business. Hell, create a non-profit LN hub! If you don't want to pay for the service of using other LN hubs, then send a direct payment. Of course, this will cost real money, but you always have that option. If I'm sending money to purchase a house, you can bet I'm going to send an actual transaction and not use the lightning network. For cups of coffee, I just don't need the full decentralization. Claiming that we will not be able to solve the routing problem on the lightning network is exactly the same as claiming that we won't be able to solve the routing problem on the Internet. Routing is a solved problem, but is a difficult problem to implement, which is why the clients are in BETA. Your link is bullshit, as I mentioned the network is in BETA. Of course people don't have a bunch of money on the lightning network and can't route large payments like $67. That's because the network is in BETA, and all of the platforms are expressly telling people not to use it for large payments. |
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For digital payments I could skip the scam and use Venmo or cash.
I don't get why anyone would bother wasting their money on LN? You have to first buy the Bitcoins which is highly volatile so the risk of losing your money is always possible.
What's the use case? Why bother going though all the trouble and why is there a need to buy someone elses tokens which they basically made for free?
It sounds like you need to convince people to use Bitcoin because you own some and need more people to buy it so you can sell for fiat and make real money. Why else would you try to dismiss the inherent issue with race conditions in decentralized routing networks? Handwaving the flaw by saying "it'll be fixed in the future" is either your ignorance or a lie and an attempt to deceive.
You can't even claim it's the fault of beta software, because it's not even theoretically possible to solve the decentralized routing problem. LN is just another form of paypal/banking.
https://en.wikipedia.org/wiki/Travelling_salesman_problem
Quiet obvious how your scam works.