What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know (2018)

Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by BMSmnqXAE4yfe1 on Saturday October 31, 2020 @07:07PM (#24955965)

Lightning Network has been in development for a very long time and still doesn't work well enough. For example, payments are not assured to complete, and the probability of transaction failure increases dramatically if transaction value exceeds $100. Fees on LN are also pretty high, on the order of 1-2% of transaction value. Maybe these shortfalls will be ironed out, maybe not ...

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Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by xwvvvvwx on Saturday October 31, 2020 @07:21PM (#24956058)

Have you tried Breez [1] on ios or phoenix [2] on android? Non custodial mobile lightning wallets have come a long way.

Lightning still has some rough edges (async payments) and unsolved issues (spam resistance) but it’s a lot closer to being a convincing private scalable p2p payment network than many realise.

[1]: https://breez.technology/ [2]: https://phoenix.acinq.co/

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Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by BMSmnqXAE4yfe1 on Saturday October 31, 2020 @07:33PM (#24956131)

I used LN many times, it works very nice for small payments ... maybe we need another layer 2 network for medium sized payments $100-$10000?

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