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28673062 No.28673062 [Reply] [Original]

October 21, 2019: Researchers Uncover Bitcoin ‘Attack’ That Could Slow or Stop Lightning Payments https://www.coindesk.com/researchers-uncover-bitcoin-attack-that-could-slow-or-stop-lightning-payments
September 28, 2019: Andreas Brekken: "I've been asked quite a bit why I took down the largest Lightning Network node, LN.shitcoin.com. Constant anxiety was the deciding factor. > When a channel is created, the receiver of the channel was not required to verify the amount of the funding transaction" https://old.reddit.com/r/btc/comments/dae1g0/andreas_brekken_ive_been_asked_quite_a_bit_why_i/
September 27, 2019: Lightning Network Security Vulnerability Full Disclosure: CVE-2019-12998 / CVE-2019-12999 / CVE-2019-13000 https://lists.linuxfoundation.org/pipermail/lightning-dev/2019-September/002174.html
September 10, 2019: Lightning Network dev: "We've confirmed instances of the CVE being exploited in the wild. If you’re not on the following versions of either of these implementations then you need to upgrade now to avoid risk of funds loss" https://lists.linuxfoundation.org/pipermail/lightning-dev/2019-September/002148.html
August 30, 2019: Lightning Network security alert: Security issues have been found in various lightning projects which could cause loss of funds! https://lists.linuxfoundation.org/pipermail/lightning-dev/2019-August/002130.html
May 29, 2019: "PSA: The Lightning Network is being heavily data mined right now. Opening channels allows anyone to cluster your wallet and associate your keys with your IP address." https://old.reddit.com/r/btc/comments/budmfh/on_twitter_psa_the_lightning_network_is_being/

>> No.28673096

April 24, 2019: Forget 18 months: it’s now 30-50 years until Lightning Network is ready https://old.reddit.com/r/btc/comments/bh1gzw/forget_18_months_its_now_3050_years_until/
March 29, 2019: Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees https://news.bitcoin.com/analysis-shows-lightning-network-suffers-form-trust-issues-exacerbated-by-rising-fees/
March 4, 2019: Lightning users must be online to make a payment, funds must be locked to use, is a honey pot, completion rate deminishes with high value payments, and more https://medium.com/starkware/when-lightning-starks-a90819be37ba
March 17, 2019: TIL that Lightning Network conceptual design and focus to layer 2 scaling for BTC was introduced in February 2013, over 6 years ago (LN whitepaper released February 2015, 4 years ago) https://old.reddit.com/r/btc/comments/b201kd/til_that_lightning_network_conceptual_design_and/
February 28, 2019: "Out of the 1,500 orders submitted on the first day [using Lightning Network], only around 10 percent were successful" https://breakermag.com/i-ordered-lightning-pizza-and-lived-to-tell-the-tale/
March 1, 2019: Lightning Network has become a complete train wreck. Oh by the way, it's no longer 18 months but YEARS until it's ready for mass-consumption. https://old.reddit.com/r/btc/comments/aw71q8/lightning_network_has_become_a_complete_train/
February 28, 2019: Decentralized path routing is still an unsolved problem for Lightning Network (currently "source routing" works at this scale) https://old.reddit.com/r/btc/comments/avt6ow/do_people_agree_with_andreas_antonopoulos_that/

>> No.28673151

February 25, 2019: Lightning Network bank-wallet is "kind of centralized but it has to be this way if you want mass-adoption" https://old.reddit.com/r/btc/comments/aup68s/lightning_network_bankwallet_is_kind_of/
February 23, 2019: 5 Things I Learned Getting Rekt on Lightning Network https://old.reddit.com/r/btc/comments/atx8jq/psa_important_video_to_watch_if_you_use_lightning/
February 22, 2019: Listen to this great talk on the problems and complexities of using HTLC's on the Lightning Network , and possible alternatives. https://old.reddit.com/r/btc/comments/atmlnp/listen_to_this_great_talk_on_the_problems_and/
February 20, 2019: The current state of Bitcoin companies & dealing with Lightning Network Highlights: Hard to implement, takes a ton of man hours, with no return on investment. LN adds zero utility. The only reason some companies support it is for marketing reasons. https://old.reddit.com/r/lightningnetwork/comments/asuoyy/the_current_state_of_bitcoin_companies_dealing/
February 20, 2019: Current requirements to run BTC/LN: 2 hard drives + zfs mirrors, need to run a BTC full node, LN full node + satellite, Watchtower and use a VPN service. And BTC fees are expensive, slow, unreliable. https://old.reddit.com/r/btc/comments/aspkj2/current_requirements_to_run_btcln_2_hard_drives/
January 17, 2019: 18 Months Away? Latest Lightning Network Study Calls System a 'Small Central Clique' https://news.bitcoin.com/18-months-away-latest-lightning-network-study-calls-system-a-small-central-clique/
March 21, 2018: Lightning Network DDoS Sends 20% of Nodes Down https://www.trustnodes.com/2018/03/21/lightning-network-ddos-sends-20-nodes
October 10, 2018: Watchtowers (third party services) are introduced as a way to monitor your funds when you can't be online 24/7 so they aren't stolen https://medium.com/@akumaigorodski/watchtower-support-is-coming-to-bitcoin-lightning-wallet-8f969ac206b2

>> No.28673206

>>28673062

The Bitcoin block size could be increased at literally any point in the future.

>> No.28673239

June 25, 2018: Study finds that the probability of routing $200 on LN between any two nodes is 1% https://diar.co/volume-2-issue-25/

Use Bitcoin cash

>> No.28673282

>>28673206
It could, but Bitcoin core won’t. It already has been increased, it’s called Bitcoin cash.

>> No.28674515

bump

>> No.28674877

>>28673062
Imagine betting against the full creativity of mankind to solve problems, and instead just increase a number in your code and pretend like you just "scaled" a global broadcast database

>> No.28674940

>>28673062
Lol I remember trying to use Lightning. It is the most overcomplicated amateurish piece of garbage software I've ever seen. It's almost as if they are actively trying to sabotage themselves.

>> No.28674953

>>28673062
>>28673096
>>28673151
behold your average copy-paste pajeet remaining poor thanks to bcash and the ancient long-debunked narratives that once supported its relevancy

>> No.28675029

>>28674877
It worked tho, more tx than btc core, in use right now, not some speculative bullshit