@drgo @Coyote @drbitcoinmd @icedquinn @10grans @freemo @joshbdoc Blockstream is a CIA effort to co-opt bitcoin.
Lightning network is not trustless, it's illegal without a money transmitter license, and it's dangerous (every year people lose money because "bugs happen", bugs that don't happen on main net).
Lightning network is not trustless, it's illegal without a money transmitter license, and it's dangerous (every year people lose money because "bugs happen", bugs that don't happen on main net).
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Not sure it is from the CIA, but otherwise your right... it doesnt provide the garunteed on-chain security a smart contract does... Its basically an insecure bastardized attempt to patch bitcoin to provide functionality that seems similar to a smart contract but in fact is not remotely similar.
There is a reason ethereum (which provides smart contracts) had 12.5x gain int he last year while bitcoin only had 7x gain, and thats because bitcoin is archaic and cant be patched.
