/biz/ - Business & Finance

>>12492868
if i were the barkeep i'd refuse him service. if he then starts trouble with me he'd have to deal with hired security.

Why lightning network is a bad idea even if all its issues were solved:

1. you have to set up your payment channel with on-chain transaction. if you have to deal with on-chain transactions anyway you might as well just scale up on-chain instead. if i go to a coffee shop that only have depleted lightning channels i have to make an on-chain transaction. a depleted customer channel will be that way forever unless the store decides to pay someone else through a customer's channel.

2. if someone else use your payment channel they can deplete your funds to a merchant. if there are no other channels, which is likely since otherwise your channel wouldn't be depleted, you now need another on-chain transaction to make a new channel or refund your old one. if you think this is wrong, check: https://youtu.be/pOZaLbUUZUs

3. if you have 1 BTC and open up four channels with 0.25 BTC on each channel it's impossible to send more than the unspent amount of BTC on that channel even though you own more than 0.25. likewise nobody can receive more BTC than the sum of all their channels (assuming all channels could find a path to the sender and that the right amount of BTC is available at the correct end of each channel).

4. the network will inevitably develop backbone nodes that nearly all transactions pass through (most likely just trusting each other to have the required funds to save time). this "solves" the routing problem but makes the whole thing completely centralized, just like internet is today with master backbone nodes.

5. once you put your crypto into a channel you're basically trapped in the system. it's designed so that you would never want to take it out. eventually there would be almost no in/out on the bitcoin blockchain and at that point bitcoin is essentially dead and you can be sure that there will be talks to just drop it completely in favor of some kind of issued lightning network token.

>>11643129
he makes mean tweets that make feelings go owie

>>10549695
it's because IRL prostitution is illegal and some people just don't want to risk breaking the law even with "escorts". plus i imagine some guys just are too insecure to deal with a real life person when all they want is to shoot some cum.