Shocking Revelation 🤯👇
A top #Bitcoin developer recently announced his departure from the project after discovering a massive security risk in the Lightning Network.
He claims there are intentional backdoors in the code that allow attackers to easily get full control of the network.
The real question is: who created that backdoor❓ 
Doesn’t the bitcoin network get audited every 10 minutes? So, you should know the answer to this in about 10 minutes.
This is just more FUD. (Fear - Uncertainty - Doubt)
It's FUD but it's also a valid concern that needs to be addressed. There are some mitigations in place but the exploit can still be achieved. Like everything else it'll probably be fixed sooner than later even though the dev didn't see an immediate solution.
This sounds as a major fuckup in the structure of the Lightning Network. The only question: the risk is real for losing funds locked up in the Lightning Network? If yes, how severe?
I haven't seen the claim that it is a backdoor. Could you please point me to where you read that?
My understanding is that he has found out about a potential way of attacking the lightning network which the current mitigation strategies that have been implemented recently don't fully cover.
I don't know how much of a problem those attacks really are.
Read it all last night. Not just a screenshot. I didn't see any mention of it being intentional with installed backdoors.
They're too many external services taking a dump on the main net already. We have to clean up the Bitcoin code and lock it down.
Get rid of those #transaction #fees too. Bitcoin doesn't need them. They're just theft..💀⚖️👮♂️
It doesn't say there's an intentional back door. It's a bug that affects more than lightning including other on-chain services like coinjoins, and anything really that interacts with the mempool.
Makes me feel fuddy, but it just means you should have your hodl in cold storage for the time being (like it already should).
