Post
Topic
Board Development & Technical Discussion
Re: Misconceptions about the Lightning Network
by
Wind_FURY
on 20/02/2018, 06:43:12 UTC
We have to acknowledge that the Lightning Network is a huge threat to some Alt coins. We have seen how desperate some of these guys have been, to pay shills to post FUD about Bitcoin, so I will not be surprised if those same people are being paid to attack the Lightning Network.

The latest FUD being spread about the Lightning Network is that it would "centralize" Bitcoin. They are saying "Banks" will monopolize payment hubs and all other channels will be rendered void.

The video just validate what many people have been saying, but they will ignore this too.

They are not as "desperate" as you believe. They have also been developing something.

Take a look.

https://twitter.com/CryptAxe/status/964666919885271040

https://github.com/drivechain-project/docs/commits?author=CryptAxe

Paul Storzc's "Drivechains" might be Bitcoin Cash's scaling solution, maybe to be announced in their "Satoshi's Vision" conference on 3/23/2018.

I believe it was a mistake selling all my Bitcoin Cash. Hahaha.

Wow. These are 22 minutes of my life I'll never get back. Damn this is really the worst video why did you even post this ? He's talking about 'common misconceptions' but I've never heard anybody having those misconceptions at all. Whoever said you NEED to have a direct shared channel to make a payment? More importantly, he doesn't discuss ANY of the criticism and problems concerning LN. Like: https://bitcointalk.org/index.php?topic=2792933

Those are questions asked from his Twitter. Stop trying to make yourself look "smart".