23
Thoughts on Cryptocurrency?
(programming.dev)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 19 Mar 2024
23 points (67.2% liked)
Privacy
31609 readers
230 users here now
A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
Chat rooms
-
[Matrix/Element]Dead
much thanks to @gary_host_laptop for the logo design :)
founded 5 years ago
MODERATORS
Also note that lightning is an off-chain centralized approach. It loses a lot of benefits of decentralized layer 1 like bitcoin and monero. Privacy at a centralized entity is like having no privacy at all.
Look up a network map of lightning, it's not centralized at all. Payments typically route through multiple hubs, just as many Bitcoin nodes may be involved in processing a main chain transaction. Anyone can run a lightning node, and you can choose which nodes you want to use, if you want. There are thousands of them to pick from.
The lightning channels are secured by the main chain. There is no centralized party who can rug you.