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by whoisninja 1639 days ago
how so?

also it doesn't impact Bitcoin, you can self-custody most of your wealth. Put what's needed to transact on lightning (checking account)

1 comments

https://medium.com/@jonaldfyookball/mathematical-proof-that-...

In short, if it didn't (it does), then we've proven P = NP and the very foundation of Bitcoin itself crumbles.

Self custody of bitcoin is not self custody of wealth. Not your fiat not your wealth.

when you realize this author makes money from shitcoin content:

https://news.bitcoin.com/author/jonald/

drink the kool-aid , rather than trying the software itself.

good luck

Do you have a rebuttal of any substance or just personal attacks on the author?

The irony of a bitcoiner accusing someone else of drinking the Kool aid. Lots of people participated and made money in Madoff's scheme for decades too.

You'll notice that he refuses to address any aspect of the and doesn't understand graph theory as much as he's pretending to, as noted in the top comment on the post.
fyi before downvoting: this article's author works at bitcoin.com which is run by Bitcoin-cash people, it was an attack on Bitcoin that failed

read the book: the blocksize wars

It is a logical fallacy to focus on who the author is. You either can point out where the error in his reasoning is, or not. Because it sounded pretty convincing to me: to participate in routing a payment you need to have at least the paid amount tied in the lightning network, which favors people with a lot of spare cash, who can have more channels open, and process more payments.
No, this is FUD.

Most people will only open one channel ever in their lifetime.

Your scenario is correct only if you will only send, most people won't, most people will first receive (get paid) then send.

Say someone wants in, he opens a $20 channel, maybe he wants to pay for some small stuf at first so $20 will do.

But then this person will get paid for his work, say $1k.. his channel isn't constrained to those first $20, this channel is now "widened" to $1k.

Ok now show the mathematical proof or demonstrate the error in his.

Everything that doesn't carry the coiner narrative of "number go up" is FUD