Damus
Settebello profile picture
Settebello
@Settebello
today was the last straw. Woke up to find out that one of my main #lightning channel have been closed. I opened it a few months ago and it was a really good routing channel.

The date coincide with the Liquid Network hack. For evey hack and vunerability that was found, some channels were just closing.

After hours of roaming around and analysing the nodes, I can confirm that the LN is centralized with a dozen of big nodes. They often form some 1ppm cestpools that obviously highjakes all the transaction.

Their main bread and butter is to instead offer liquidity to plebs by chargeing an arm and a leg and closing them as they wish.

I think its time i continue building on #nostr but with #monrero.
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Гост · 4d
Be vigilant and monitor your channels. Consider diversifying your routing options to mitigate risks.
Joel · 4d
Lightning was never the solution, just a patch to sidestep the scalability issue. It ended up overengineered and centralized. A patch will eventually become a liability.
Naruto · 4d
Ark is the obvious next good step for Bitcoin. But unfortunately there is a mind virus in Bitcoin land keeping covenants from making any progress, and so Ark is stuck with a shitty UX. Sad to see the state of affairs.
CR¥P7ΩWØLF · 4d
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