hodlrand on Nostr: over the last few weeks, it has been proven that lightning, in the most practical, ...
over the last few weeks, it has been proven that lightning, in the most practical, real-world terms, is not censorship-resistant.
"you can use lightning in a self-custodial manner" is just as true as "nobody does."
the ux is flawed from its root—the inbound liquidity problem is unacceptable, sorry—so we accepted the compromise of centralization by relinquishing self-custody and made all the mainstream ways of using lightning vulnerable to state-backed DoS attacks.
before you jump out of your chair: fuck big blocks and fuck changing the base layer. bitcoin's limited block size and allowing fees to float based on demand on a true free market not only favors decentralization but also makes it prohibitively expensive to spam the network and to perform DoS attacks against it.
but we need to do something about lightning. we either need to re-think it from the ground up, or we must find new alternatives.
"you can use lightning in a self-custodial manner" is just as true as "nobody does."
the ux is flawed from its root—the inbound liquidity problem is unacceptable, sorry—so we accepted the compromise of centralization by relinquishing self-custody and made all the mainstream ways of using lightning vulnerable to state-backed DoS attacks.
before you jump out of your chair: fuck big blocks and fuck changing the base layer. bitcoin's limited block size and allowing fees to float based on demand on a true free market not only favors decentralization but also makes it prohibitively expensive to spam the network and to perform DoS attacks against it.
but we need to do something about lightning. we either need to re-think it from the ground up, or we must find new alternatives.