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by lawn 1315 days ago
> Bitcoin maxis fight for the simplicity and real-word cost behind proof of work for a reason.

No they don't. They promote Lightning Network as some sort of savior of all things, but it's the complete opposite of simplicity and soundness.
1 comments
hanniabu 1315 days ago
Also it's be revealed that the seemingly only LN app that works without issues is actually just using bitcoin L1 and not using LN at all.
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origin_path 1314 days ago
Oh? Do tell! That sounds interesting. I lost interest in BTC after they decided to cap the block size and push LN because LN was so poorly thought out.
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hanniabu 1314 days ago
https://twitter.com/ercwl/status/1592666546543136769
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origin_path 1314 days ago
Can't say I'm surprised, though the only evidence for this appears to come from Peter Todd so how are you sure it's true?

LN should never have been pushed as hard as it was. If they'd launched it and it'd naturally outcompeted regular Bitcoin transactions then fine whatever, but destroying on-chain capacity before LN was even coded was truly crazy.

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bogomipz 1314 days ago
Might you or someone else have a link that discusses this revelation and failure? I'm kind of surprised to hear this.
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