Nostr Web Client

Can you elaborate why everything has to be done on layer 1? Do you think payment channels (ie. lightning networks) are not sound? What’s wrong with building in layers?

Beefy 11mo ago

Sure. I am a fan of LNHANCE.

I think getting rid of headaches like justice transactions is very important for Lightning integrity. I like the idea of non interactive channels where offline nodes can have third parties open channels on a node's behalf. I like payment pools and channel factories. The ability to pre-sign a channel open that broadcasts directly out of a shared UTXO at a certain condition can be extremely powerful. And I also like Vaults to a lesser extent, but can see how it is useful.

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Discussion

Machu Pikacchu 11mo ago

Thanks for the thoughtful response. I also like some of those features and would love to see them implemented but I’m stuck on the idea of unintended consequences.

Bitcoin does everything I need it to at the moment and I don’t want it to devolve into something like ETH. That’s why I would prefer to exhaust all the other options first and prove out the use case on a higher layer than risk jeopardizing what we already have. I think we still have lots of room to build even if it would be easier with a fork.

Beefy 11mo ago

I'd like to be clear that the four op codes proposed in LNHANCE includes no new address types and no interference with ANYTHING that is possible right now. It's not like segwit or taproot. It's such a small thing in comparison.