It's very annoying the Lightning Network conmen are trying to pretend LN while bitcoin has empty blocks vs bitcoin with full blocks that are uneconomical to use would look anything remotely similar to one another. It's a testnet and they're launching spam channels everywhere that have pocket change in each one and try to pretend each 'line' represents 'decentralization'. In the real world, the way it's designed incentivizes you to put all your money in a single channel connected directly to a well-connected bank, so the exact opposite of how they try to trick people and portray it as.
The testnet lines are meaningless, only incentives matter. Empty channels that nothing flows through is not a valid measurement of anything, just a visual trick. The real measurement of LN decentralization is basically what % of a user's net worth is all in the same channel and how few channels would actually be moving all the volume in the real world. For example, do you think someone is going to have 20% of their net worth in a channel connected to the grocery store then 5% to the pet store, yada yada? Hell no. They're not going to pay money to open all these channels and then for no reason split all their money up into non-fungible pools that can't be combined to spend on larger purchases.
How the fuck would you mobilize your cash to invest in anything if you constantly have to keep it in 100 different channels too? It's not feasible for savers, spenders, for anyone really. The only way it works at all in a non-clown car manner is having all your money in a single channel connected directly to a bank. So in other words, LN is completely worthless and is identical to the current banking system.
Roach, despite distracting and less than admirable personal qualities, you get some things right.
When I first looked into Lightning Network, I was thoroughly underwhelmed. Nothing has happened to change my mind.
LN is a kludge.
Bullshit! He doesn't have any points... it just shows how much roach really understands how LN functions.
Also these Bitcoin Banks are identical to the current banking system, does that mean one of these bitcoin bank can operate fractional reserve banking?
so fucking closed minded and blind!.. always thinking about what is here now. Mate, think 5-10 years from now, what evolution can take place with LN.
100 open channels, again shows how much you know about LN...