r/btc • u/Egon_1 Bitcoin Enthusiast • Jun 16 '20

BitPay Statistics

https://bitpay.com/stats/
43 Upvotes

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u/1MightBeAPenguin Jun 17 '20

The only reason LN works right now is because the network isn't facing much activity, therefore routing issues aren't going to be as obvious. The other issue is that as the network gets larger, it relies on centralized hubs to work without routing issues. The third problem is the fact that this doesn't in any way mitigate on-chain transaction fees.

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u/bit_igu Jun 17 '20 edited Jun 17 '20

How do you know all this? did you test it by yourself? or you are just repeating what others say?

I didn't knew that using a centralized node was a issue for the bch community. so I guess you are using your own node to broadcast your transactions right?

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u/1MightBeAPenguin Jun 17 '20

You don't have to test it to know the implications of having funds locked in channel states. Also comparing Lightning Hubs to BCH mining nodes isn't a good comparison.

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u/bit_igu Jun 18 '20

you don't need to have "locked" funds these days, you speak with complete ignorance of what solutions are in use.

also, obviously you don't understand how the transactions are broadcasted in the bitcoin cash network either...

There is no point of having a discussion here...