Hacker News Reader

Then you did not look (closely) enough at BTC. When transaction prices went up in 2017 [1] the second layer technology "Lightning" was invented and build-out.

Right now, Joe Average, can transact for fractions of pennies. [2]

[1] http://melaurent.github.io/spamattack/

[2] https://bitcoinist.com/lightning-cnbc-sent-btc-to-a-ukranian...

View on HN

Haven't you realised that 'the second layer technology "Lightning"' aka Lightning Network is not Bitcoin and is an off-chain system and is centralised by design which contradicts and defeats the whole purpose of what Bitcoin was built for? [0]

[0] https://iopscience.iop.org/article/10.1088/1367-2630/aba062

The Lightning Network is decentralised because it is trustless and permissionless. Anyone can send Bitcoins instantly and almost for free. Check out the code to convince yourself.

https://github.com/ElementsProject/lightning

So 10% of the total number of lighting nodes holed 80% of the total BTC coins... and that is why it is 'centralized'?

I think I have a different definition ...

Reply on news.ycombinator.com