• Alphane Moon@lemmy.world
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    3 months ago

    Lightning is a terrible protocol. The Lightning devs themselves state that it’s basically unusable and you shouldn’t even try sending transactions valued more than a few hundred dollars. If you’re bored, check out the history of Lightning; it’s almost like a satire of software development project.

    You’re also being a little disingenuous about the nature of Nostr and it’s relatioship to crypto.

    The “market cap” polemic is a piece of propaganda. If you tried selling all that bitcoin, the price would tank and you would see exponential declines in the “market cap”.

    • chebra@mstdn.io
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      3 months ago

      @Alphane_Moon @makeasnek

      > you shouldn’t even try sending transactions valued more than a few hundred dollars

      this is true about all of the alternatives too, Lightning is just the only one honest about it. And as someone who’s been using lightning to pay my phone bills, I can say it works ok.

      • Alphane Moon@lemmy.world
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        3 months ago

        You don’t see the problem with a payment system that is fundamentally unreliable?

        Why would you pay your phone bills with lightning? I don’t know which country you live in, but where I lived there are so many easier methods to pay your phone bills.

        • chebra@mstdn.io
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          3 months ago

          @Alphane_Moon You are the one saying it’s unreliable but also you are not using it. Here is someone using it and saying it is reliable ok. Go figure.

          • Alphane Moon@lemmy.world
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            3 months ago

            Why would I use a payment system that developers themselves call unreliable? Are you serious?

            I am not even talking about overall usability (i.e. recipient support) and UX/UI…

    • makeasnek@lemmy.ml
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      3 months ago

      Lightning is a terrible protocol. The Lightning devs themselves state that it’s basically unusable and you shouldn’t even try sending transactions valued more than a few hundred dollars

      FUD. I use lightning on a daily basis, it’s getting continual development, and millions are still being poured into development efforts. Some devs stopped working on it and now more new devs are involved, which is common with long-lived OSS projects. You can use it to send money to anybody on planet earth with a cellphone and a halfway reliable internet connection. In under a second. For a penny in fees. Try that with a bank wire. It’s a non-centrally controlled network, like OPs post is about. It does what it does very well, and it has been live and growing for years. Over a few hundred USD, you’re probably better off with a main-chain tx anyways as fees are flat instead of % based.

      If you tried selling all that bitcoin, the price would tank

      Yes that’s how market caps work. It doesn’t change that it’s a massive market cap.