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How do you explain this: "The Lightning "balance sheets" are just regular 2-of-2 multisig transactions in the Bitcoin network. Everything in Lightning is public information."https://www.reddit.com/r/Monero/comments/7vw8fq/comment/dtvt780/?st=JLMKAB1A&sh=629cf643 …
As the Lightning Network continues to mature it will actually become more difficult to track the growth of the network. Detractors will claim that LN is stalling / failing, but it will actually be delivering privacy at scale.pic.twitter.com/ExI42ZNVfh
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It's a terribly uninformed post. Revocation transactions are not broadcast as they claim. It's /not/ possible to surveil all transactions on the network due to onion routing, nor is it required that you close value in the same channel you opened, or even on the same network.
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According to this, extra information in the LN transactions makes them traceable, despite onion routing:https://www.youtube.com/watch?v=rgts1qb0hLY …
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LOL that fellow has been creating disinformation videos for a while now.
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PSA: Many nodes will stop advertising by default soon. Node counts will go down as users join the network or upgrade. Privacy ftw!
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Should we start drawing graphs of it’s decline already, and distributing them among the usual FUDsters? Would save everyone a bunch of time.
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Thank you for your service
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What’s the most effective way to track? Or can we work towards a meaningful way to gauge the success? Thanks.
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That's tough. Rather than having global tracking services it will likely have to be more localized and anecdotal. Could also probably estimate total network liquidity via on-chain channel open/close analysis.
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Decline in usage of other cryptos as means of payment (or just about anything else) could be a great measurement
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Took me a few glances to realize that wasn't Batman. Do you have a good resource on how to be a Lightning node? I'm finding myself more interested in LN by the day...
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It have a lightning network section on https://lopp.net/bitcoin.html - should be able to find node guides from those links
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cheers. i'm interested in ways to stake / lock assets up that add utility to the crypto world and provide some degree of passive income. HODL is for chumps :)
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That may be true. Even if so, you'd be better off with something in the form of a falsifiable claim, right?
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Yeah, how will I be able to tell whether it is stalling or delivering privacy at scale?
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In a truly private currency you probably shouldn't be able to ever tell.
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It's quite the dilemma. It may simply come down to aggregation of anecdotal evidence: people using it and then reporting whether or not it works for them.
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Great. A totally non measureable, qualitative approach. aka absolutely useless. If you can’t measure it what’s the point?
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Why do u need to measure it? Just use it and build on it. Measuring is for governance.
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If you can’t measure it then you don’t know how well it’s performing. It’s an experiment, and all experiments needs methods to measure
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