As far as i'm aware, everything still very theoretic.
is hard to predict if these "cons" against LN will happen and i'm seeing as "only pro's"... bitcoin really needs a solution like LN to help with the transactions.
Topic: Lightning Network - pros vs cons? - page 2. (Read 1514 times)
the issue is how well its programmed.
some are seeing one LN using economics (fees) to penalize users for extortion, DDoS, closing channels early etc.
some are seeing one LN using code to prevent users for extortion, DDoS, closing channels early etc.
so its still too early to judge the public release, and we can only talk about whats in design and try shouting out the flaws so that the public release is functional and not stupidly engrained with things that are a barrier of entry.
pro's:
a free choice to sit beside bitcoin for those doing high transaction volumes such as gambling/daytrading/faucet raiding.
not to be used as a scaling future direction. just a tool those doing high volume can use.
cons
possible prepay fes and penaltyies to use, causing barrier of entry
stupidly considered the future direction of bitcoin by shifting people away from immutable transactions.
requires dual signing (permissioned funds) which puts users back into the 'banking' managed systems
some are seeing one LN using economics (fees) to penalize users for extortion, DDoS, closing channels early etc.
some are seeing one LN using code to prevent users for extortion, DDoS, closing channels early etc.
so its still too early to judge the public release, and we can only talk about whats in design and try shouting out the flaws so that the public release is functional and not stupidly engrained with things that are a barrier of entry.
pro's:
a free choice to sit beside bitcoin for those doing high transaction volumes such as gambling/daytrading/faucet raiding.
not to be used as a scaling future direction. just a tool those doing high volume can use.
cons
possible prepay fes and penaltyies to use, causing barrier of entry
stupidly considered the future direction of bitcoin by shifting people away from immutable transactions.
requires dual signing (permissioned funds) which puts users back into the 'banking' managed systems
Hi I am trying to learn more about the Lightning Network and I've heard both good and negative criticisms. I am wondering why there is such a diversity of opinion on something that is supposed to help Bitcoin scale?
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