Lightning nodes will remove the decentralization, and those who hold those nodes will have the power. Who will hold these nodes? The banks. Bitcoin sold his soul.

Stay away from r/BTC for the sake of your sanity and IQ.
Prolonged reading of r/BTC could lead to your IQ dropping by as much as 50 points or you becoming one of Roger's mindless zombies that think bitcoin cash is bitcoin .

I would not be concerned about security on LN. Really.

You clearly got brainwashed by the false agenda with that video.
If you know the Big-O complexity algorithm, it's clear that Bitcoin is not scalable, because it follows the O(n²) curve.
Thus, Bitcoin needs to scale in the same way the internet does, with additional protocol layers like lightning networks and sidechains.

I would recommend you to learn how complexities work before making conclusions based off of fake agendas. Also watch this instead: https://youtu.be/AecPrwqjbGw

Absolute bullshit. Miners will never be given full power let alone be having an option to choose block sizes. Bitmain has already been caught doing some shady shits in the past before the bcash split ... Go figure the terms: ASICBOOST and ANTBLEED scandals.

Sorry to burst your bubble but that's not gonna happen in Bitcoin. Miners will never be given any extra privilege. Move your miners to Btrash if you have to and we won't miss you.

This kind of uneducated nonsense will (hopefully) get you banned for a few days if you'll continue spreading misinformation on this board. If you are not trolling, you will have an incentive to read some good resources that explain Bitcoin's protocol (you can find a lot of quality stuff here: http://lopp.net/bitcoin.html), and if you are trolling, it will be a good riddance.

Quoted because that makes me wish I had more available space in my signature.


Some handy references:

https://cve.mitre.org/cgi-bin/cvename.cgi?name=CVE-2017-9230

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html

N.b. that the altcoin deceptively misnamed “Bitcoin Cash” is still wide open to covert exploitation of ASICBOOST.  Add in the way its DAA could be gamed before its November hardfork, and there was in substantial essence an on-the-fly BCH premine with Jihan (Bitmain) getting up to a 30% cost advantage over other miners.  That last advantage remains.  Anybody who is not Jihan and mines BCH, is a patsy for Jihan.


You are deliberately, maliciously lying, and spamming your lies over multiple threads in a forum designated for well-informed technical discussion.  But if you want to play stupid, go read my other recent reply, q.v.:

The main purpose of Lightning Network is to address scalability. More specifically, providing a much higher transaction throughput at reduced fees through payment channels. An intriguing concept, especially when considering Bitcoin’s current throughput and fees situation. With the transaction costs mounting several times this year alone, a cheap solution will have a lot of merit. However, Bitcoin Cash provides a similar functionality and some added features.

Both systems work completely different, to say the least. Secondly, people claim the Lightning Network will only work for small transactions. That is the main objective, granted, but people can still use Bitcoin for larger amounts. Bitcoin Cash has no real advantage here either, despite its “unlimited” transaction size.

The Lightning Network still doesn’t require actual network confirmations like Bitcoin Cash does right now.  Moreover, BCH has no unlimited transaction size either. Right now, it appears to be capped at 24 TX per second, which isn’t exactly stellar either. 

In the end, people are free to use whichever solution they like best. From a technical point of view, the Lightning Network and Bitcoin Cash are nothing alike whatsoever. There will always be squabbles between BCH and BTC supporters, that much is evident. The Lightning Network is an exciting development, although its actual sue cases have yet to be determined.

http://www.livebitcoinnews.com/bitcoin-cash-better-lightning-network/

You cant just throw statements like that, without backing them up. Please provide us with the reasons why you are saying so.

Yes, you can.
Like the Bitcoin network, the lightning network will also operate on a model of market-driven transaction fees. However, these are not the same fees paid to miners on the Bitcoin blockchain.
Nodes will charge you to use their channel, and if you run a node, you will receive payments from users using your payment channel.
The fees, however, will not be as much as an on-chain transaction, but much much less.
You can read this article for more info: https://bitcoinmagazine.com/articles/bitcoin-lightning-network-creators-fees-will-be-effectively-zero-1459955513/