Re:Stripe Is the New PayPal
by davidgerard on Thursday June 18, 2015 @03:43PM
(#9741152)
Lightning Network has a number of problems as the solution for Bitcoin's problems:
2. It's a sidechain - that is to say, an altcoin that claims a link to Bitcoin. The forces that would cause mutually-distrusting individual humans to maintain the linkage is unclear.
1. Like other sidechains, but unlike altcoins, it ... doesn't exist. This is a subtle point, but I think it might be an important one.
(not that I am any fan of altcoins either. But basically, the Bitcoin protocol as it stands was never designed with scaling in mind.)
2. It's a sidechain - that is to say, an altcoin that claims a link to Bitcoin. The forces that would cause mutually-distrusting individual humans to maintain the linkage is unclear.
1. Like other sidechains, but unlike altcoins, it ... doesn't exist. This is a subtle point, but I think it might be an important one.
(not that I am any fan of altcoins either. But basically, the Bitcoin protocol as it stands was never designed with scaling in mind.)