Post
Topic
Board Bitcoin Discussion
Re: Is the Lightning Network centralized?
by
franky1
on 19/10/2018, 21:13:19 UTC
i can also without LN make private payments. yep you dont need LN nodes.
people have been using multisig for years and doing things privately.
many exchanges have had multisig reserves between themselves for years without LN and without needing to broadcast every trade to a blockchain

people have actually done physical bitcoin trades (paper wallet and casascius coins) without needing to broadcast to a blockchain

in 2012-2013 i remember arbitraging between mtgox, btc-e and bitstamp without seeing bitcoin broadcast onchain


But that should not suggest that layered protocols for Bitcoin should never be explored. If the Lightning Network fails then it fails. What should matter is the base layer, it should remain censorship resistant, secure, and immutable, not taking risks like this,

oh here we go again
calling lightning a bitcoin feature but using the term "layer"
you might aswell call ripple a bitcoin layer. or circle.com a bitcoin layer
whats next re introduce NXT as bitcoin2.0

.. and then for no reason at all you introduce a random tweet from a nobody talking about a different altcoin.......
seens you really have ran down the rabbit hole of not letting people talk about the reality of lightning and to keep trying to meander the topic into a point finger at bitcoin cash..

so here goes, bitcoin cash is a separate network that does not affect anything. so why bring it up.... oh yea thats it.. 3 years of the astroturfing tactic of meandering topics..
thats a boring well known and failed tactic. to distract the conversation away from talking about real flaws by trying to make it into a bch btc social drama
(do i need to remind you of the kardashian drama trick)

how about realise that LN is not a bitcoin sole feature. it was not designed for bitcoin.. bitcoin actually had to be changed to fit LN, not the other way round

LN asks for the chain hash of which chain to monitor because its a separate network for many coins.
the network is not centralised. but the channels and funds will become centralised. learn about factories
and right now the codebase seems to be coded by the same group that were salivating over blockstream