May somebody give their sincere and neutral opinion on this? I’d publish in / bitcoin however they don’t seem to be in temper now ..: litecoin
Sincere solutions? maybe. Neutral responses? unlikely.
The criticism is legitimate, however I believe a few of the darker analogies are little exasperated. For those who respect the significance of a decentralized base layer, infinite on-chain scaling might be prohibited. What do you have got left? An L2 resolution (or an in depth facsimile) is a legitimate possibility. I personally assume LN is a superb try. It provides channel dynamics to the combination and, regardless of the (inherent?) Risk of channel centralization, permits customers to handle their channels as they see match. Extra intelligence in LN clients will automate this course of.
One thing I’ve seen is an actual world schism growing between Tor LN nodes and LN clearnet nodes, particularly for Litecoin. Clearly, because the regulatory battle is waged, the technical freedom afforded by operating Base Layer Chain Nodes and LN Nodes on Tor will present somewhat reduction, however may we see two separate “financial techniques”? and virtually disconnected – particularly on the LN facet of issues? So this “community / graph cutoff” argument is an actual concern for me and I am already seeing rising indicators of it taking place.
Lightning Community is an possibility and for the time being I believe it is a honest choice to steadiness transmission pace and scalability. Litecoin expands the sphere of the BTC (scalability) fashion arduous cash community and works nice, however will solely go to date. What number of extra established, safe, liquid, hard-money networks are there actually and what number of occasions do you wish to skip the chains simply to maneuver belongings, particularly fee kind belongings, which is what LTC is sweet at? !
ps I totally perceive the sentiment in / bitcoin proper now (and throughout crypto for that matter). The final 4 days have seen a critical escalation within the battle.