Re: Lightening Network, does anyone actually think it will work?

Can't keep your funds in cold storage, which creates a real security risk.
Wallet must be open to receive the funds. May not be a channel open for the transaction to reach your wallet.

Anyone coming with that argument using exchanges as wallet, not running a full-node and having cold storage is a huge hypocrite. That's like 99.99% of people.

Quote from: majest3 on March 03, 2018, 11:22:10 AM

Those are just some, but probably the biggest concern is that if you are using your wallet as a node/hub for the funds to hop through then there is a good chance that you could be seen to be involved in the transfer of money and depending on the jurisdiction you reside in, may be subject to anti-money laundering laws that require you to KYC the people sending and receiving the funds or even worse comply with anti terrorism laws.

Same as above.

You really think everyone is going to run a full node just so they can use lightening network & secure there funds, your dreaming. The simplest route is the most successful and there is nothing simple about that at all. The whole concept is to make it easy, cheap and fast to send BTC and so that those 99.99% of people you refer to, can use it . Your delusional!

WTF you're talking about ? I'm telling you that you cannot criticize LN if you're already using exchanges as wallet.

Quote from: 1C6fV5DtakfKANLJ8GUV7hCaA on March 05, 2018, 03:11:32 PM

Lightning network is not on the original Bitcoin whitepaper. This is not Bitcoin. We have seen a lot of forks. They didn't succeed enough to beat the original Bitcoin. There are reasons why Satoshi set the parameters on the whitepaper.

WTF ?

BTW LN is both working on test-net and main-net already.

https://rompert.com/recksplorer/
https://github.com/bcongdon/awesome-lightning-network