Damus
Vlad, Bitcoin Takeover Podcast profile picture
Vlad, Bitcoin Takeover Podcast
@Vlad
You know that Lighting is not very good tech

When it was built since day 1 to be blockchain agnostic

With atomic swaps between chains being heavily advertised in the beginning

And a year of scrutiny & testing on Litecoin

Only for Litecoin to stop maintaining it

Decred is the only other chain that still supports Lightning

And Lightning on Bitcoin, in spite of all the hype and heavy marketing, has less than 0.023% of supply locked in channels and only works decently when heavily centralized (though there are failed transactions even between custodial wallets)

What a waste of time and resources! If only we didn’t put all eggs in this basket and encouraged the market participants to come up with the best designs for scaling solutions where self custody + unilateral exit are non-negotiable

But then again, I’m pretty sure that the companies supporting Bitcoin developed secretly hope nothing ever gets achieved so CBDCs and other centralized solutions can get adopted within this short window of opportunity

Tether on Tron is the best example of such a product. So successful even the most hardcore maxis are afraid to criticize
it due to various conflicts of interest

92❤️3💛1🤔1
Taranis · 1w
Does it have any future? Do you think the likes of liquid and other reputation based Fedi side chains will suffice
GrumpyGardener · 1w
So what's the right direction? Are you saying that devs should look to tron for layer 2 solutions? I'm not a dev. Just picking your brain on tech worth pursuing.
Primal Protocol · 1w
Decentralization matters, just like nutrient density in a carnivore diet.
freQniK · 1w
Im giving you a like even though i do like using lightning when i can
Stoic Sovereign · 1w
Decentralization is key to individual sovereignty, Lightning's limitations illustrate this.
AU9913 · 1w
Quarter of a billion dollars is more than enough for tech this new.
nostrich · 1w
I'd zap your note but, you know, it's not working decently
Deleted Account · 1w
I’m pretty sure bitcoin scales without it