The Lightning Network barely worked and could never solve bitcoin congestion. The proponents are finally giving up trying to push this dumb idea uphill. (protos.com)
from dgerard@awful.systems to buttcoin@awful.systems on 26 Mar 2024 18:04
https://awful.systems/post/1238377

#buttcoin

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cybeardjm@masto.ai on 26 Mar 2024 18:13 next collapse

@dgerard Oh no... what about the future of finance in Africa, based on LN... How will the BTC maxis "bank the unbanked"...

dgerard@awful.systems on 26 Mar 2024 18:30 collapse

but but but El Salvador!!

cybeardjm@masto.ai on 26 Mar 2024 18:33 collapse

@dgerard Lightning Network Onion Routing: Preliminaries https://ellemouton.com/posts/onion-routing-prelims/

dgerard@awful.systems on 26 Mar 2024 19:29 collapse

everything about this dumb as hell idea is so obviously unfeasible. every aspect. it’s amazing.

gerikson@awful.systems on 26 Mar 2024 22:41 next collapse

Frankly the example would be better if instead of a coffee, Alice wants to buy a kilo of horse. At least with those stakes someone would be motivated to sit down and peruse the insane network diagrams.

4grams@awful.systems on 28 Mar 2024 19:44 collapse

you talking lightning or crypto in general because you are right on both.

dgerard@awful.systems on 28 Mar 2024 20:06 collapse

well i mean, yes,

4grams@awful.systems on 28 Mar 2024 20:24 collapse

tongue in cheek to be sure, but sometimes it feels good to preach to the choir :)

BlueMonday1984@awful.systems on 26 Mar 2024 18:31 next collapse

Good riddance.

gerikson@awful.systems on 26 Mar 2024 19:55 next collapse

I had honestly forgotten that this was a thing.

dgerard@awful.systems on 28 Mar 2024 20:06 collapse

so did literally its creators lolol

db0@lemmy.dbzer0.com on 27 Mar 2024 09:34 collapse

The inevitable conclusion to the magic solution that was perpetually 18 months away since 2015