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LN is a "soltion" Blockstream (tm) created to solve a problem Blockstream created. "Solution" because it does not actaully allow fast and cheap "cash-like" tra
by __Admin__ 5y ago
LN is a "soltion" Blockstream (tm) created to solve a problem Blockstream created.
"Solution" because it does not actaully allow fast and cheap "cash-like" transactions as Bitcoin was originally designed to do (and still can easily scale to Visa-like levels).
From day one Satoshi had built Bitcoin to scale to to Visa levels of transactions by simply incrementaly increasing the block size over time. Blockstream hijacked the Bitcoin Core GitHub repo and soon after disabled several core features and have since refused to increase the block size while pushing their products (Liquid and LN) as "solutions" to this problem they created.
- deleted 5y ago[deleted]
- Vecr 5y agoNo, Blockstream's thing was Liquid, an actual product that was supposed to make them money. Lightning can't really make them any money (they would get caught in a race to the bottom), unless they want to do consulting. Consulting probably would not give them much or any control.