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The Lightning Network barely worked and could never solve bitcoin congestion. The proponents are finally giving up trying to push this dumb idea uphill. (protos.com)
submitted 8 months ago by dgerard@awful.systems to c/buttcoin@awful.systems
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[-] cybeardjm@masto.ai 12 points 8 months ago

@dgerard Oh no... what about the future of finance in Africa, based on LN... How will the BTC maxis "bank the unbanked"...

[-] dgerard@awful.systems 10 points 8 months ago

but but but El Salvador!!

[-] cybeardjm@masto.ai 6 points 8 months ago

@dgerard Lightning Network Onion Routing: Preliminaries https://ellemouton.com/posts/onion-routing-prelims/

[-] dgerard@awful.systems 8 points 8 months ago

everything about this dumb as hell idea is so obviously unfeasible. every aspect. it's amazing.

[-] gerikson@awful.systems 7 points 8 months ago

Frankly the example would be better if instead of a coffee, Alice wants to buy a kilo of horse. At least with those stakes someone would be motivated to sit down and peruse the insane network diagrams.

[-] 4grams@awful.systems 5 points 8 months ago

you talking lightning or crypto in general because you are right on both.

[-] dgerard@awful.systems 5 points 8 months ago

well i mean, yes,

[-] 4grams@awful.systems 4 points 8 months ago

tongue in cheek to be sure, but sometimes it feels good to preach to the choir :)

[-] db0@lemmy.dbzer0.com 9 points 8 months ago

The inevitable conclusion to the magic solution that was perpetually 18 months away since 2015

[-] BlueMonday1984@awful.systems 9 points 8 months ago

Good riddance.

[-] gerikson@awful.systems 8 points 8 months ago

I had honestly forgotten that this was a thing.

[-] dgerard@awful.systems 3 points 8 months ago

so did literally its creators lolol

this post was submitted on 26 Mar 2024
14 points (100.0% liked)

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