[2018-04-03] Bitcoin's Lightning Network Is Being Attacked for Its Own Good

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: kevoh on April 03, 2018, 01:40:42 PM

Bitcoin's Lightning network trumps every thing Bitcoin cash stands for.

Bitcoin does so too already, just like 90% of the other altcoins in this market do. The only thing making Bcash somewhat different is that he and the Jihan cartel are wealthy enough to keep their market artificially thriving, while you see what happens with blatant shit forks such as BTG who don't enjoy financial backing of wealthy entities -- they keep sinking. Roger just needs to accept that without his financial backing, Bcash isn't going to make it, and that's the hard reality. He even admitted that he isn't sure whether or not it would be his shitcoin to survive, or Ethereum, but at least it wouldn't be Bitcoin, the loser that he is.

kevoh

full member

Activity: 448

Merit: 110

Just wondering the next step Roger Ver and his bitcoin-cash-propaganda entity might take. Bitcoin's Lightning network trumps every thing Bitcoin cash stands for.

buwaytress

legendary

Activity: 2800

Merit: 3443

Join the world-leading crypto sportsbook NOW!

Quote from: 1Referee on April 03, 2018, 06:11:35 AM

That's why it's not ready for main-net use yet, but nothing prevents people and services doing so anyway, which is all at their own risk, and I hope they realize that. I however find it better that we face these bumps in current stage instead of later on, because that allows quick intervention to take place. Interesting aspect of this market is that there will always be people with different motivations trying to game the system, but they don't understand that the only thing they are doing is giving Bitcoin and LN the stress-test it needs to iron out any inconveniences. I see people some times talk about how slow LN's progress is, but they don't understand how important it is to not rush such an crucial development. This isn't just an altcoin you can use as testbase. Everything that happens to Bitcoin or people's funds will only result in public damage, and that's exactly why it takes so long.

Precisely why everything "takes so long" when it comes to Bitcoin upgrades or tech updates. People keep asking why things move so slowly or why there are never any release dates. I've come to see the conservativeness of core as necessary. Every time I use an alt and run into issues, every time you see alt wallets push out update week after week, fork issues block issues... I'm always glad to return to the boring stability of Bitcoin.

Would love to test out LN but am aware of my technical deficiences...

1Referee

legendary

Activity: 2170

Merit: 1427

That's why it's not ready for main-net use yet, but nothing prevents people and services doing so anyway, which is all at their own risk, and I hope they realize that. I however find it better that we face these bumps in current stage instead of later on, because that allows quick intervention to take place. Interesting aspect of this market is that there will always be people with different motivations trying to game the system, but they don't understand that the only thing they are doing is giving Bitcoin and LN the stress-test it needs to iron out any inconveniences. I see people some times talk about how slow LN's progress is, but they don't understand how important it is to not rush such an crucial development. This isn't just an altcoin you can use as testbase. Everything that happens to Bitcoin or people's funds will only result in public damage, and that's exactly why it takes so long.

TYPEcoin

full member

Activity: 364

Merit: 101

Yes, we have created an attack framework for the lightning network."

The message from "bitPico" to CoinDesk confirmed what many had read in a popular chat group, that the pseudonymous user was flooding nodes running the software with traffic with an automated "attack toolkit."

Around the same time, a handful of developers reported lightning nodes crashing, temporarily stopping them from sending payments using the technology designed for faster, cheaper bitcoin transactions.

The development comes as more and more users have started using lightning network to send real payments - albeit with some bumps along the way - and just a couple weeks after Lightning Labs, one of several startups building open-source lightning implementations, was the first to launch its product into live beta.

https://www.coindesk.com/bitcoins-lightning-network-attacked-good/

Topic: [2018-04-03] Bitcoin's Lightning Network Is Being Attacked for Its Own Good (Read 112 times)