Quoted from Slack Chat with Craig Wright
https://pastebin.com/zU6YZWXK "Layer 2 networks will require the introduction of AML and intermediary controls. These are localised networks in the form of existing intermediaries.
They can be allowed to operate with Bitcoin competitively, but not at the expense of open exchange. This being what they fear, why use L2 if you have no need?
Those who do not think that government can set in and control this are either naive or malicious. There is no other view. This is not a false dichotomy. These are the only options.
In all cases, L2 will require systems that can be controlled and they will require the interaction of merchants and other parties. Networks such as lightning centralise and offer control on a platter."
Entirely false information. Your mistake was believing a word that clown says.
Please elaborate why its entirely false? In any case to hell with the Craig Wright link. That wasn't my point. My point is my own formed before I read any of Craigs own opinions.
Why is LN not going to centralise transactions? What is the protection against this? i assume we all want the common goal of bitcoin remaining decentralised. Links please. I need enlightenment so I can join the Wall Observer flock of sheeples
I really dont take a Dash supporter too serious tho. First they pump it, then its stagnates. Then it dissapears. Its good that Btc takes its time to figure things out properly, but the dark side of decentralisation is that innovation takes so damn long. Same with democracy, its the best solution but it takes ages to decide and implementate. Btc is like old greece. Just philosophy while other lower skilled bad equiped no-knowledge countries are closing in. Its really discusting to see so much bad alts growing while they will dissapear. Dash with this maketcap is just a joke a IMO.
Thank you for those words of wisdom. Almost as enlightening as your mickey mouse video. Yes I like Dash which is completely irrelevant to this discussion. I like bitcoin too, I'm invested in bitcoin. I care about bitcoin, which is why I'm here worrying and fretting that LN is a bad idea.
This is from the lighting network paper itself. Near infinite amount of transactions. Off chain. Things that make you go hmm
"If we presume a large network of channels on the Bitcoin blockchain,
and all Bitcoin users are participating on this graph by having at least one
channel open on the Bitcoin blockchain, it is possible to create a near-infinite
amount of transactions inside this network. The only transactions that are
broadcasted on the Bitcoin blockchain prematurely are with uncooperative
channel counterparties."