Post
Topic
Board Bitcoin Discussion
Re: Will the Lightning Network Solve ALL Scalability Issues?
by
AGD
on 01/07/2021, 17:59:22 UTC
That shows how much you don't know about lightning.
..
Still no need to open a channel.

i have bitcoin. probably more then most
there is no magic that a channel just appears
i have to get an app and ask for a channel to be opened.
if i want to spend i have to fund that channel

(there is a big difference of language between 'dont need to open' and the reality of 'dont need to be the funding initiator')

you can play mind games about how the channel opened but if i have to use another app  which i have to download and i have to request a channel using such app. its still triggered by me even if a 'custodian' then 'initiates' it

i do love it how people try to make things sound magical and utopian,
but end result is the same

if i want to spend coins. using LN.. it still requires a channel. and that channel is not magically existing already. its created by my request. and i still need to fund it

but anyway have a nice day with you "LN solves everything"
its weird that people are sooooooooo determined to say bitcoin is broke and another separate network is the sole solution everyone needs.
even when bitcoin transactions are more guaranteed, and its the other network that cannot guarantee stuff

when the solution is more broke than the presented problem.. its not a solution

LN's biggest flaw. its liquidity.
payment success for micropennies is ok
payment success for 1 coffee is almost ok
payment success for a months worth of coffee is varied and not always ok
                                                          pizza has more issues
                                                          weekly groceries is poor
                                                          house rent is even worse
you get the idea the more you want to spend the less chance you get to spend it

so the LN fan philosophy is to pamper and promote LN beyond logic and outside of moral risk just to get OTHERS into LN for the hope OTHERS will facilitate the fans payments. whilst others then suffer the issues the fans avoid telling them about
the flaw in that philosophy. is more people=more competitions for the route liquidity
EG someone might have 1500,000sat ($450)(split into a a few channels of $150) they want to spend themselves. but they only allow 10,000sat($3) to be spent via autopilot routing of others
so people end up in bottlenecks because everyones using up the $3 route to try getting their $150 spent
..
and no . no one is silly enough to open up their whole $150 to be used by others. as the sub penny fee's of such act makes that channel void of spending in just 50 attempts. but at a cost that wont cover the fees onchain to re-org channels

OK. Now you are presenting your typical ignorance about simple facts. I don't know if you are just silly or trolling. You know what? I put you and your dumb posts on ignore. Enough is enough.