Bitcoin has died 166 times, so far

Re:Bitcoin has died 166 times, so far by VMG on Wednesday September 20, 2017 @06:03AM (#15292100)

> [..] there is no 'payment layer' on top of it, only pie-in-the-sky designs.

That is completely false. Development of Lightning Network and other solutions by multiple teams has been steady and robust. To cite a few working on LN:

* https://github.com/ElementsProject/lightning

* https://github.com/acquia/lightning

* https://github.com/lightningnetwork/lnd

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Re:Bitcoin has died 166 times, so far by Laforet on Wednesday September 20, 2017 @06:38AM (#15292270)

> * https://github.com/acquia/lightning

This project is a web development tool and has nothing to do with crypto.

Back to your comments on the state of LN development, I would not call it robust when the current implementation requires every client to monitor the blockchain 24/7 just in case a node attempts to cheat the system, and there is a good chance the cheater will succeed when the settlement layer becomes congested. For now they are very much pie in the sky.

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Re:Bitcoin has died 166 times, so far by VMG on Wednesday September 20, 2017 @08:19AM (#15292871)

Sorry, I was thinking of https://github.com/ACINQ/eclair (probably because of the letters a c q)

Channel monitoring will be outsourced. I did not claim everything was finished, but it is far from pie-in-the-sky.

Off-chain scaling is the only way to scale bitcoin as a day-to-day payment system, and always has been. This must have been clear to everybody from the start.

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