📅 Original date posted:2015-06-28
📝 Original message:"On the Lightning network, a large hub can't steal my money." Malicious
hubs could flood the network. The way it is discussed now it's not
resistant to Sybil attack either. It's an interesting idea in a very early
stage. Not at all a drop-in replacement for Bitcoin anytime soon, as some
imply. Blockstream shouldn't make these issues into pitches of their own
tech of their for-profit enterprise.
On Sun, Jun 28, 2015 at 9:22 PM, Andrew Lapp <lapp0 at purdue.edu> wrote:
> I don't mind a set of central authorities being part of an option IF the
> central authority doesn't need to be trusted. On the blockchain, the larger
> miner is, the more you have to trust them to not collude with anyone to
> reverse your payments or destroy the trust in the system in some attack. On
> the Lightning network, a large hub can't steal my money.
>
> I think most people share the sentiment that trustlessness is what matters
> and decentralization is just a synonym for trustlessness when talking about
> the blockchain and mining, however decentralization isn't necessarily
> synonymous with trustlessness nor is centralization synonymous with
> trust-requiring when you're talking about something else.
>
> -Andrew Lapp
>
> On 06/28/2015 01:29 PM, Gavin Andresen wrote:
>
>> I can see how payment channels would work between big financial
>> institutions as a settlement layer, but isn't that exactly the
>> centralization concern that is making a lot of people worried about
>> increasing the max block size?
>>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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Benjamin [ARCHIVE] /
npub17k…sr5tq
2023-06-07 15:41:01
in reply to nevent1q…kdp7
Author Public Key
npub17kz55p7ysz4ftvq2xyr2zamc776cygwcm5fdz8ndj3jm5umm65xq4sr5tqPublished at
2023-06-07 15:41:01Event JSON
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"content": "📅 Original date posted:2015-06-28\n📝 Original message:\"On the Lightning network, a large hub can't steal my money.\" Malicious\nhubs could flood the network. The way it is discussed now it's not\nresistant to Sybil attack either. It's an interesting idea in a very early\nstage. Not at all a drop-in replacement for Bitcoin anytime soon, as some\nimply. Blockstream shouldn't make these issues into pitches of their own\ntech of their for-profit enterprise.\n\nOn Sun, Jun 28, 2015 at 9:22 PM, Andrew Lapp \u003clapp0 at purdue.edu\u003e wrote:\n\n\u003e I don't mind a set of central authorities being part of an option IF the\n\u003e central authority doesn't need to be trusted. On the blockchain, the larger\n\u003e miner is, the more you have to trust them to not collude with anyone to\n\u003e reverse your payments or destroy the trust in the system in some attack. On\n\u003e the Lightning network, a large hub can't steal my money.\n\u003e\n\u003e I think most people share the sentiment that trustlessness is what matters\n\u003e and decentralization is just a synonym for trustlessness when talking about\n\u003e the blockchain and mining, however decentralization isn't necessarily\n\u003e synonymous with trustlessness nor is centralization synonymous with\n\u003e trust-requiring when you're talking about something else.\n\u003e\n\u003e -Andrew Lapp\n\u003e\n\u003e On 06/28/2015 01:29 PM, Gavin Andresen wrote:\n\u003e\n\u003e\u003e I can see how payment channels would work between big financial\n\u003e\u003e institutions as a settlement layer, but isn't that exactly the\n\u003e\u003e centralization concern that is making a lot of people worried about\n\u003e\u003e increasing the max block size?\n\u003e\u003e\n\u003e\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150628/6ca0b59b/attachment.html\u003e",
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