Post
Topic
Board Bitcoin Discussion
Re: The Lightning Network: A failure?
by
Abiky
on 10/04/2024, 18:33:55 UTC
stop obsessing about LN prospects/plans of future
LN cant succeed due to failures of LN

.. now start thinking about other subnetworks that could do other tasks below bitcoin.. new subnetworks made from scratch that actually offer proper niche services(more securely/les flawed)..
dont start talking about how bitcoin is viewed and how it doesnt succeed where ethereum did.. instead see bitcoin has potential for financial utility of bitcoin and niche services for subnetworks.. dont get stuck in the bitcoin or LN as only option where bitcoin becomes junk and only LN becomes financial.. those are not the only options going forward.

there doesnt need to be one solo subnetwork everyone needs to move to and avoid bitcoin mainnet use..

By "subnetworks" do you mean "sidechains"? If that's the case, then yes, they're a much safer and reliable option than the LN. Bitcoin's use cases can be expanded far from the areas of finance. I've seen sidechains providing smart contracts functionality, as well as, decentralized storage capabilities. Unfortunately, these chains aren't as widely-recognized as the LN. The latter has strong marketing from crypto companies, businesses, and exchanges alike.

Although adoption for the LN is still low, it's certainly greater than sidechains. The solution to the high fee problem is already there. What's challenging is making people use alternative solutions to have a better experience with Bitcoin. With plenty of altcoins to choose from, why focus on scaling Bitcoin, anyways? Cheesy