Gavin Andresen [ARCHIVE] on Nostr: 📅 Original date posted:2015-06-28 📝 Original message:On Sun, Jun 28, 2015 at ...

📅 Original date posted:2015-06-28
📝 Original message:On Sun, Jun 28, 2015 at 2:58 PM, Adam Back <adam at cypherspace.org> wrote:

> This is probably going to sound impolite, but I think it's pertinent.
>
> Gavin, on dwelling on the the fact that you appear to not understand
> the basics of the lightning network, I am a little alarmed about this


If I don't see how switching from using the thousands of fully-validating
bitcoin nodes with (tens? hundreds?) of Lightning Network hubs is better in
terms of decentralization (or security, in terms of Sybil/DoS attacks),
then I doubt other people do, either. You need to do a better job of
explaining it.

But even if you could convince me that it WAS better from a
security/decentralization point of view:

a) Lightning Network is nothing but a whitepaper right now. We are a long
way from a practical implementation supported by even one wallet.

b) The Lightning Network paper itself says bigger blocks will be needed
even if (especially if!) Lightning is wildly successful.
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