LN is a whole lot of obfuscation and hocus pocus to accomplish in an overly complex way what bitcoin can do on-chain and at scale, as proven by tests with larger blocks.
(Source: reddit.com)

clicks | 6 months ago | comments: discuss | tags: bitcoin

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(Original link: reddit.com)

Before you reply in defense of how great LN is, there’s one proof of why it’s non-optimum: it is attempting to be forced onto users . Scaling on-chain was not allowed, and thus attempting to force this layer 2 “solution”.
Let me ask you: why wasn’t it allowed to be an option for scaling, and also do some modest blocksize increases?
Answer: Because someone doesn’t like the fact that Bitcoin had been working perfectly for 8 years.
Perhaps someone just didn’t like Bitcoin ....