I'm still not sure how I feel about implementing a layer over the Bitcoin network like this instead of just fixing the inherent flaws with the protocol. Especially when said network is being pushed by the company Blockstream which is known for shady practices.
Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
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Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#12-Blockstream Playbook-
Step 1: Buy off all of the top developers of open-source project. Check.
Step 2: Refuse to support/fix basic network operations so that transactions stop confirming just as the network needs to grow. Check.
Step 3: Create a 2nd-layer solution for growth that allows the company to siphon Billions of dollars over many years. Check.
Step 4: Censor any forum where people alert others about secret get-rich playbook. Check.
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#13I'm still not sure how I feel about implementing a layer over the Bitcoin network like this instead of just fixing the inherent flaws with the protocol. Especially when said network is being pushed by the company Blockstream which is known for shady practices.
>instead of just fixing the inherent flaws with the protocol
What are the "inherent flaws"? Seems like the bitcoin blockchain has done its job better than any other blockchain for longer. Also, it's open source.. You can submit a proposal yourself if you want to fix it..
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#14This is from the same company that has seized control of the development of the main Bitcoin codebase and has been making changes to cause problems that their Lightning Network claims to solve.
Your comment seems like a cheap poke at Blockstream, who have nothing to do with the lightning paper authors. (I work for Blockstream, and I am also trying to implement and standardize lightning. But we certainly didn't invent it, and this isn't our page)
You are implementing Lightning, paid by Blockstream but Blockstream has nothing to do with it?
Maybe you're just really funny and they are paying you for your incredible sense of humor.
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#15-Blockstream Playbook- Step 1: Buy off all of the top developers of open-source project. Check. Step 2: Refuse to support/fix basic network operations so that transactions stop confirming just as the network needs to grow. Check. Step 3: Create a 2nd-layer solution for growth that allows the company to siphon Billions of dollars over many years. Check. Step 4: Censor any forum where people alert others about secret g…
How does Step 3 work? How is Blockstream able to siphon Billions from Lightning?
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#16I'm still not sure how I feel about implementing a layer over the Bitcoin network like this instead of just fixing the inherent flaws with the protocol. Especially when said network is being pushed by the company Blockstream which is known for shady practices.
>instead of just fixing the inherent flaws with the protocol What are the "inherent flaws"? Seems like the bitcoin blockchain has done its job better than any other blockchain for longer. Also, it's open source.. You can submit a proposal yourself if you want to fix it..
It doesn't scale.
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#17I'm still not sure how I feel about implementing a layer over the Bitcoin network like this instead of just fixing the inherent flaws with the protocol. Especially when said network is being pushed by the company Blockstream which is known for shady practices.
>instead of just fixing the inherent flaws with the protocol What are the "inherent flaws"? Seems like the bitcoin blockchain has done its job better than any other blockchain for longer. Also, it's open source.. You can submit a proposal yourself if you want to fix it..
"You can submit a proposal yourself if you want to fix it"
Not really. The vast majority of the bitcoin community has been trying to do just that. But a few devs have unilaterally been able to block the changes. The Devs have a lot of "soft power" to do stuff like that.
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#18Earlier quoted context omitted.
>instead of just fixing the inherent flaws with the protocol What are the "inherent flaws"? Seems like the bitcoin blockchain has done its job better than any other blockchain for longer. Also, it's open source.. You can submit a proposal yourself if you want to fix it..
"You can submit a proposal yourself if you want to fix it" Not really. The vast majority of the bitcoin community has been trying to do just that. But a few devs have unilaterally been able to block the changes. The Devs have a lot of "soft power" to do stuff like that.
How do you know the vast majority has been trying to do it?
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#19I'm still not sure how I feel about implementing a layer over the Bitcoin network like this instead of just fixing the inherent flaws with the protocol. Especially when said network is being pushed by the company Blockstream which is known for shady practices.
>instead of just fixing the inherent flaws with the protocol What are the "inherent flaws"? Seems like the bitcoin blockchain has done its job better than any other blockchain for longer. Also, it's open source.. You can submit a proposal yourself if you want to fix it..
I think he means that blocks are full and even transactions with correct fees will fail to confirm during high-volume transaction times.
It's a flaw because users did nothing wrong yet their transaction could take hours if not days to confirm if it confirms at all.
The most simple and straightforward fix is to increase the maximum blocksize from 1MB to something larger, which many users in the space have demanded. The max-blocksize was always meant to deter spam and attacks.
New users should use Bitcoin Classic, which fixes the problem and subverts Blockstream's obstruction.
Re: Lightning Network: Scalable, Instant Bitcoin/Blockchain Transactions
#20-Blockstream Playbook- Step 1: Buy off all of the top developers of open-source project. Check. Step 2: Refuse to support/fix basic network operations so that transactions stop confirming just as the network needs to grow. Check. Step 3: Create a 2nd-layer solution for growth that allows the company to siphon Billions of dollars over many years. Check. Step 4: Censor any forum where people alert others about secret g…
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