Post
Topic
Board Bitcoin Discussion
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
BlackHatCoiner
on 13/01/2022, 12:43:22 UTC
I'm also replying to @philipma1957:
There is a lot of complexity as to why we should or should not have LN I think in the long run it will hurt BTC but then again maybe not.
The intelligent technology of Lightning doesn't care what the majority wants. It's something that runs on top of Bitcoin, without anyone's permission and approval. Even if lots of users didn't want it, they could do nothing to prevent it. It will always have some who find it satisfactory.

As for if it's damaging in the long term: I strongly disagree. It's what I call the solution to scaling. I'm not going back to paying 10-100 cents and wait for so long just to get my transaction confirmed. I want things to work instantly. I state the exact opposite: If we don't have Lightning, some shitcoins with larger blocks would find their opportunities to distinguish.

The Lightning Network protects the significance of the monetary policy of Bitcoin.