Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mymenace
on 28/06/2018, 20:55:52 UTC
Even if so: LN is by design centralized.

This is the big fallacy. Bro, Lightning Network does't make bBitcoin centralized because Lightning Network ISN'T BITCOIN.
So it's not bitcoin being moved around?

Sorry you are right. FTFY
Is that a yes or no?

Well it's a yes to my original statement but once I revised my statement it became a question that doesn't apply to what I'm saying.

Lightning network (like a credit card system) is the idea of large nodes inclusive of fees and mining working the chain and little nodes assisting in confirming it all (akin to satoshi's idea)
Analogy - Credit cards/paypal/etc on top of banking chain


The problem with lightning is who has the big nodes

decentralization is the key (the nodes or replace with sidechains instead)
whilst distributed lightning network is designed to centralize and control