Post
Topic
Board Development & Technical Discussion
Re: The Lightning Network FAQ
by
franky1
on 28/05/2019, 20:12:46 UTC
That doesn't answer my questions. Are you telling everyone in the forum that the developers from Lightning Labs, the creators of the Lightning Network, are scamming everyone?

stop with your social drama(you used the words lightning labs are scammers. not me)

LN is simply not secure it wont be secure even the devs admit it has flaws. devs admit it not due to them being "scammers" but just due to how the network functions.
(2 parties can privately agree on any rules/collateral they like because there is no community wide audit to force compliance)
(Msats are not tethered by network protocol to only represent bitcoin. Msats just tally an iou value for later settlement)


if a network could transport value securely without a blockchain. then decentralised e-currency would have been a thing before satoshi invented bitcoin/blockchain

thre is a reason blockchains were needed.
 in short YOU are saying they are all scammers
i am saying LN wont be what everyone hopes. and most definitely wont make YOU rich
scammers can find many flaws to abuse, so its worth highlighting the flaws. even devs agree to highlight the flaws.
my opinion on devs, a good amount of them are more interested in making a network to make their VC investors get some returns by deburdening the bitcoin network(mainly the ones that love the idea of huge btc fee's, small blocks and where they call LN a layer which solves adoption)