Post
Topic
Board Bitcoin Discussion
Re: Mike Hearn Leaves Bitcoin
by
mindrust
on 28/08/2024, 14:15:06 UTC
So the only route for bitcoin to become the global p2p network is lightning?

when you realise lightning is a completely different network you then realise that your statement makes no sense
EG
the future of cars is to only ride bikes

there will be subnetworks for small niche utility, but..
when you realise lightning is buggy with issues even LN devs wont/cant fix*, you realise that for small niche subnetwork utility, LN wont be it.. devs will have to start again using a different network model for subnetwork niche utility

(*the more popular LN gets the more issues it will have with liquidity)

What's the difference between lightning and wrapped bitcoin tokens on eth? They both promise 1btc for your 1 wrapped btc or 1 lightning btc. LN is like a stable coin but it is backed by BTC instead of USDT. WBTC is the same thing. They operate on different networks but that's essentially what they do.

Tbh I'd rather use a well established alt like ltc or doge when btc is slow and expensive. It worked for me till now.