they are right.
unfortunately i lost some money when i sent it to umbrel.
the wallet said refundable, i clicked on it but it did not execute because lightning was already terminated.
this shows how flawed lightning is.
how easily you can lose your money.
and how complicated it is.
if a bitcoin wallet shuts down or if it gets compromised, you will be able to retrieve your bitcoin easily
I dont run a lightning node haha and I've never lost money on a transaction 🤷🏾🤷🏾🤷🏾 and ya idk what these ppl talking g about
lightning is a centralized shitcoin
Its a layer 2 to move btc fast. Ppl should not hodl on lightning and if they do they stupid as fuck its that simple.. ppl not believing in the lightning network will be like the company toys r us thinking why am I behind or obsolete 🤷🏾🤷🏾🤷🏾🤷🏾
no that is a lie.
lightning is a seperate coin. a centralized coin. it can work and can be integrated into monero, litecoin and any other coin. it has nothing to do with bitcoin, other than strong marketing by the corporations which own lightning
Ohh you choose monero over btc hey thats cool. You choose that I choose this it's a win win right
Lightning is bitcoin. It is not a centralized coin. Lightning is bitcoin layer 2
no it is not. it has a completely different architecture . a centralizea architecture, it works differently than bitcoin, it is not secure and it has nothing to do with bitcoin other than marketing.
no one uses it. it is an absolute disaster
do some research
How come many bitcoiners, just like me have a lightning node? How can it be centralized if we’re all separated geographically?
And how is it that i use bitcoin utxos to create a lightning channel ?
Lmao
Have you looked into who created the lightning network and who funded them?
You have ignored Node statement for share some vague information. Provide all the details if you want be credible
Dyor but here ya go lighting labs
https://www.crunchbase.com/organization/lightning/company_financials
exactly
everything funded by a vc is a centralized shitcoin
lightning is not proof of work, not a decentralized community project like bitcoin and monero
Good, thank you.
So what? The lightning network is a open protocol and Lightning Labs provide one software implementation.
As the code and the protocol is open
Bitcoin and lightning have very different security trade-offs and UX. They are not the same.
-LN very rarely used in P2P fashion. LN is nearly unusable without massive centralized hubs to route without failing.
-LN is offchain. Not final settlement until on chain. Possibility to be rugged by channel peer or host exists without an active node.
But even worse, the UX is so terrible ~90% of LN use a custodial, closed source wallet 🤮
You're right. Nothing layer 2 is Bitcoin. There is only one Bitcoin..🧡👑
I have to inform you that you don't know what are you talking about
Not at any time I convert my btc to a token to use the lightning network I use the lightning network with btc. It literally is btc we just create a fast path for it to move. Not one time have I converted btc into a lightning network token it's literally btc that you are using.. and BOOM!!!!!!!
no it is not, you need to pay a fee to convert it to the lightning centralized shitcoin and when you convert it back to bitcoin you need to pay another fee.
better use a secure, private and secure user friendly coin with low fees
Your pay to create a path way not no token/coin
Again you are paying for the path way to move btc faster
use monero
no need to convert it into an insecure shitcoin
and no need to pay high fees for that
use decentralized monero which is secure and has ultra low fees as well as privacy which the lightning shittoken does not have
You are currently losing money every time you make a #Bitcoin transaction because of #artificially #inflated #transaction #fees. Due to so-called #ordinals etc..⚖️👮♂️💀😐
Ok
Looser..😆🤭
It doesn't make any sense going back-and-forth with you. Because I use bTc earlier. And the fees were very, very, very, very low. You probably think you talking to someone that doesn't understand and doesn't do His research on bTC and shitcoins man, listen.
People lost millions in artificially inflated #Bitcoin transaction #fees because of so-called #ordinals..⚖️👮♂️🍭
You probably sold your whole stack for monero and monero hasn't done shit, so now you're pissed bro, just start stack and again. You never late to bTC.
I'm what you call a Bitcoin maxi. Hardcore..🧡👑
The argument was between btc vs ln. Plenty of Monero users also stack Bitcoin.
Lightning on the otherhand is something else...
Ya just a path to move btc fast its no token or coin tgats what we are saying here right.. you guys are saying lightning is a shitcoin when obviously you guys are not familiar with how the lightning network works.. because again lightning network is no token coin it's a path way
I said it isn't Bitcoin. If you consider that a shitcoin that is your own opinion.
I do know Bitcoin and Lightning work competely differently. That is not even debatable.
https://lightning.network/ no where here it says convert btc to a shitcoin it says CREATE a path 🙄
Ok, who are you arguing with? I didnt say that
Hahaha ok bro I do t like monero I don't like how the run the mining operation sound like scammers you guys can use it all you guys want like I said it's a free world
Yea, you can use whatever you want I don't want to stop anyone. I'm just giving my opinion like everyone else in this thread.
I think the best answer to all of this is a question.
Can the "lightning network" be implemented on blockchains other then bitcoins?
If it’s a yes it’s a shitcoin
If it’s a no it’s bitcoin
All I know is I don't convert anything to anything and ya that's that lol and I don't like monero but best of luck for everyone
That's great.. but no where there it says they convert litecoin to a shitcoin agian it's just a path creation its still litecoin..
Can you explain how the lightning network can break bitcoin down past sats?
Like msats?
That’s not part of the Bitcoin protocol. So what is it?
The Lightning Network is separate from the Bitcoin network – it has its own nodes and software, but it nonetheless communicates with the main chain. To enter or exit the Lightning Network, you need to create special transactions on the blockchain.
That's only part of the lightning network because it can transact in msats but when it's going to on-chain the network rounds it down to the closest satoshi to be broadcasted on-chain
It's the protocol it self that's made to break down the bits one more time.. im no dev bro I have no coding skills.. soo to be honest on this question I can honestly honestly say I'm guessing lmao 🤣 but from what I'm reading it simply breaks it down one more time to msats to move faster 🤷🏾🤷🏾
Btw keep up the good sneaker and watch game
Why don't you keep your full stack of bitcoin on lightning if they are the same? And if you are not running a lightning node you are trusting someone elses...fyi
Why don't you convert your monero stack and make it secure with the sha-256 algorithm that is back by computational mathematics and not controlled by humans. I think my btc hodl on-chain protected by sha-256 algorithm is a better choice but hey its a free world do you boo-boo
Because I'm not the one claiming Bitcoin and Monero are the same thing.
You are the one claiming Bitcoin and Lightning are the same though.
