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Topic: Bitcoin Lightning Network under attack in EU - page 2. (Read 342 times)

legendary
Activity: 3234
Merit: 5637
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But is there anything that is not under attack in the EU? Well, yes, things like veganism, new genders (gender fluid and such), bike lanes that create more traffic jams in cities, mass immigration, victim mentality, permissiveness with criminals and aggressiveness against the honest citizen if he gets the wrong bin when throwing out the garbage. Things like that.
If something is bullshit and it comes from the EU, I'm not surprised, given what I've seen. It's business as usual.


Their job is to attack anything they don't like or don't understand, and anything to do with cryptocurrencies is an obvious target for a simple reason - it doesn't fight back in most cases. At one time, they even attacked their own currency because they concluded that the EUR 500 banknote is mainly used by terrorists and criminals, so they decided to remove it from use and years later they concluded that they were wrong. I wonder why Switzerland has a 1000 franc banknote and they never thought of such nonsense.

When you mention trash, in my capital city, which was taken over by incompetent green politicians, they even established "green spies" who go around and dig through trash cans - and the people mockingly named them after a notorious communist organization that spied on everything possible at the time. However, in the elections for the EU parliament, we saw that the average EU resident has had enough of the green agenda and the policy of mass immigration.
legendary
Activity: 4410
Merit: 4766
Politicians REALLLLLYYYYY need to get a bitcoin education. When you don't have a clue what you are talking about it is easy to turn a payment method into some sort of criminal facilitator in your mind.

you might want to learn what their regulations actually are. i have seen a few topics of people creating clickbait/fearbait titles nothing to do with the actual regulations but instead are OP's misinterpretation just to click bait discourse for views

it then becomes harder to campaign/ petition against real negave changes of jurisdiction/treatment by government if these silly clickbait topics are distracting people away from the real issues

EG
the EU going after LN routers has nothing to do with bitcoin.. it about LN routing(totally different software needed(not bitcoin node) its also about a different network(not bitcoin) its also about the payment method and model is different to bitcoin

LN routers process payments completely and utterly different to how mining pools and bitcoins nodes relay bitcoin transactions..
hero member
Activity: 2240
Merit: 848
Politicians REALLLLLYYYYY need to get a bitcoin education. When you don't have a clue what you are talking about it is easy to turn a payment method into some sort of criminal facilitator in your mind.
hero member
Activity: 952
Merit: 555
Do not be tricked by the government's storylines. It is always in their playbook to create fud very much similar to this new EU storyline then when the fear, uncertainty and doubt has been spread, they will begin regulatory proposals and rules on how to control this. This is not about your safety or the capturing of criminals. This is about government control.

They should have by now been tired of all these because its taking them to nowhere, they have always been setting targets on attack for bitcoin and none availed till now, government will never support anything that can give us the required privacy that we want because its going to completely render them effortless towards having control over the system, we are the ones that should get determined and go for what we want and shift focus on news like this coming from them.
jr. member
Activity: 28
Merit: 37
Everything government can't control will be marked as criminal and illegal, that's why decentralization matters so much and that's why LN is doomed due to it's nature of becoming more and more centralized over time.

Law can be abused, so there should be no law.  Cool
The only law mankind needs is the "eye for an eye" law, everything else is here to enslave us.
legendary
Activity: 1372
Merit: 2017
But is there anything that is not under attack in the EU? Well, yes, things like veganism, new genders (gender fluid and such), bike lanes that create more traffic jams in cities, mass immigration, victim mentality, permissiveness with criminals and aggressiveness against the honest citizen if he gets the wrong bin when throwing out the garbage. Things like that.

If something is bullshit and it comes from the EU, I'm not surprised, given what I've seen. It's business as usual.
legendary
Activity: 4410
Merit: 4766
both EU and US are categorising LN as payment facilitators/money services in regards to users that act as routers

in the US LN routers are classed as money service businesses

in the EU LN routers are classed as PF (payment facilitators) so those operating as routers to get "commission from facilitating a payment on behalf of someone else", end up having a barrier of entry.. those routers need to either go extreme on privacy tools to evade getting found and demanded to go legit.. or go legit and operate in compliance to regulations to then be able to run without needing to hide

for those taking the evasive option end up doing so many things to effectuate obfuscation of their geo location and peer connectivity, they then fail at being able to promote their service of operating as a router, becasue they have to hide their advertising and connectivity so less people end up connecting to them
 thus get less income compared to a legit service with a licence. this then causes the legit service with a licence to then become the main route paths(institutional centralisation of network). because most businesses drop connections that are not legit/forthcoming, as peering to non legit peers becomes a problem for legit services

full member
Activity: 168
Merit: 138
cout << "Bitcoin";

A new report from the EU has singled out Bitcoin's Lightning Network and other layer 2 solutions as "data obfuscation" technologies that could be "abused by criminals."

Oh I see. They've seen another possible threat to their proposed centralization.

Just because the two-party multisignature payment channels will not allow them to monitor all transactions that looks to be happening behind the scene, they find it as a heavy threat. They are scared because the only thing they might have access to are all finalized transactions.
hero member
Activity: 2240
Merit: 848
lol

News Alert!! Criminals are gonna do criminal things!

According to that kind of thinking we better ban cash and setup cameras in everyone's homes for the police to watch for criminal activity.
sr. member
Activity: 602
Merit: 387
Rollbit is for you. Take $RLB token!
A new report from the EU has singled out Bitcoin's Lightning Network and other layer 2 solutions as "data obfuscation" technologies that could be "abused by criminals."
They selectively attack Bitcoin and cryptocurrency, mixing services and even Mixing protocol, source code like Tornado Cash, in order to attack this industry.

If they apply the same set of rules with knife, gun, Internet and other things in society, they will go to ban all things in human civilization. They will even have to ban their own centralized bank systems because banks and bank products are used by criminals too.

I guessed that after attacking Bitcoin mixers, they will move their targets to Bitcoin Lightning Network but it will not stop here, layer 2, DeFi platforms, bridges will be their next targets.
legendary
Activity: 3010
Merit: 1460
Do not be tricked by the government's storylines. It is always in their playbook to create fud very much similar to this new EU storyline then when the fear, uncertainty and doubt has been spread, they will begin regulatory proposals and rules on how to control this. This is not about your safety or the capturing of criminals. This is about government control.



A new report from the EU has singled out Bitcoin's Lightning Network and other layer 2 solutions as "data obfuscation" technologies that could be "abused by criminals."

The First Report on Encryption by the EU Innovation Hub for Internal Security, a "collaborative network of innovation labs" from across EU member states, argues that alongside technologies including Mimblewimble, zero-knowledge (zk) proofs, coin mixers and privacy coins such as Monero and Zcash, "layer 2 solutions such as the lightning network might also be abused by criminals."

The report notes that the Lightning Network's "two-party multisignature payment channels will not broadcast all transactions to the blockchain, but only the opening and closing of the channel," adding that it and other layer 2 solutions could cause cause "problems for law enforcement investigations."


Read in full https://decrypt.co/234748/bitcoin-lightning-network-and-layer-2-scaling-could-be-abused-by-criminals-says-eu
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