(I'm already waiting for the lecture from a BCH'er)
https://i.redd.it/ece7wff1jarg1.jpeg
Posted by Zestyclose_Cheek527
6 Comments
Hatty_Hats on
Imagine sending that to the wrong address….😱
Adrian-X on
…. aand, it’s gone
frozengrandmatetris on
cake did their lightning integration using a centralized and permissioned L2 called spark. the self-custody claims fall into a grey area since under some conditions the company who runs the L2 can collude with the previous owner of a virtual UTXO in order to double spend it. this company can also see everything you do and they can refuse to process a payment. unilateral exits from spark can cost more than your balance depending on L1 congestion. transactions in spark contribute nothing to miner fee revenue.
this is the terminal state of the lightning network. you can’t “fix it” or make it “just work” without making it completely centralized. at that point so many of the benefits of bitcoin are stripped off that it’s not even bitcoin anymore. lightning makes bitcoin become centralized.
anyusernaem on
iOS has so many 0 day no click exploits I would NEVER hold that much money on it.
6 Comments
Imagine sending that to the wrong address….😱
…. aand, it’s gone
cake did their lightning integration using a centralized and permissioned L2 called spark. the self-custody claims fall into a grey area since under some conditions the company who runs the L2 can collude with the previous owner of a virtual UTXO in order to double spend it. this company can also see everything you do and they can refuse to process a payment. unilateral exits from spark can cost more than your balance depending on L1 congestion. transactions in spark contribute nothing to miner fee revenue.
this is the terminal state of the lightning network. you can’t “fix it” or make it “just work” without making it completely centralized. at that point so many of the benefits of bitcoin are stripped off that it’s not even bitcoin anymore. lightning makes bitcoin become centralized.
iOS has so many 0 day no click exploits I would NEVER hold that much money on it.
All the down votes lol
Isn’t that 655 Mil?