Random trip to Twitter and I found a bunch of ETH people sharing around some chart of Lightning that suggested that like 70% of the liquidity instantly (like straight line down) dropped off the network... and they all thought it was real.

Tons of comments like "it was already dead anyway," "of course, they will still defend it," and "not surprising, nobody uses it because it doesn't work."

What makes it so funny is that if they even knew how lightning worked it would be obvious that they were simply looking at a data bug 🤣 . Unless there was some sort of crazy attack, there's literally just no reason to shut down 70% of the channels across thousands of nodes ALL AT ONCE *even* if there was nobody using it (even though traffic is up like 1000% or more). There's no huge cost in just having it there unless a sudden risk emerges or there was simply one massive entity with all the liquidity that had a problem and their node crashed and shut down channels.

It's just not hard at all to understand that this was clearly just bogus data, and it took all of 3 seconds to find a different site and check it. But hundreds of commenters couldn't manage it 🤣

I legit thought we were past the "LIGhTNinG doEsN'T WoRK" phase but i guess i was just in a bubble since i use it as my primary money and payment network every single day.

Reply to this note

Please Login to reply.

Discussion

Don't use Lightning! Just polyswap your wrapped twap-cow with sushidex into a zk-worldchain contract to reduce your gas fees!

Gas is such a stupid idea - and to tie it to appreciating value .. stroke of genius /s

Is mempool full? No? Then 70% of lightning liquidity didn't just go away instantly.

[shocked face] 🤣 🤣 🤣

I just start singing to my phone, and ding! It’s back

Not worth it

The second layer needs to be captured for the fiat minded crypto bros to survive. So what do you do? Create a bunch of disinformation to scare people away from the solution to their problems.

I absolutely love Lightning Network. I use it daily. Setting up my own LND node was tricky enough though that I can't recommend it to a normie. I'm anxiously awaiting some sort of turnkey, self-custodial LN solution.