Re:Lightning Network Flaws
by ricardolopes on Saturday October 02, 2021 @04:28AM
(#28727015)
Like others mentioned, this list is a mix of some valid known issues and some low quality bad-faith bashing filled with incorrections. It's also weird that it goes all the way back to 5 years ago, given how young this technology is and all the improvements it has seen since then.
Anyway, I'm glad Lightning has been gaining momentum lately. Lots of innovation happening, and lots more still to do to address its current flaws.
[ Parent
| on HN ]
Re:Lightning Network Flaws
by user-the-name on Saturday October 02, 2021 @08:10AM
(#28727962)
> lots more still to do to address its current flaws
That is a bit of an understatement, given that actually implementing a routing algorithm that works at scale is an open problem in computer science with nobody even knowing where to begin.
There is a solution to that, if they remove the making on channels in/out funds the problem is solved...
doesn't the internet route at scale?
The internet doesn't have nodes that stop working if too many packets go through. Lightning nodes only work as long as they have enough liquidity to cover your transaction.
Remember that the lightning network actually doubled in capacity recently over a few months and that channels increase in size as the bitcoin price goes up. Meaning a channel with $2000 of capacity today will have ~$20,000 of capacity by the next halving (assuming we continue the 10x trend) without any changes.
This results is a decreasing failed transaction rate for increasing sizes of transactions as we move into the future.