Appearing onstage at the Bitcoin 2024 conference, Trump also promised to “fire” SEC chair Gary Gensler, set up a crypto advisory council, and make the United States the “crypto capital of the world.”
Lightning network doesn’t involve trusted 3rd parties, and it is directly connected to the blockchain in a trustless 2nd layer network.
What are nodes and watchtowers? The way the whole layer works basically negates all the upsides of Bitcoin transactions, stripping much of the privacy aspect: https://arxiv.org/abs/2003.12470
There are much, much better cryptocoins out there, and it’s a much more nuanced case there. Bitcoin with lightning transactions are basically a less safe, more power hungry and more complex way to be less safe than with a normal bank.
Hell, even the original developers are leaving the Lightning project because they don’t support whats going on.
What are nodes and watchtowers? The way the whole layer works basically negates all the upsides of Bitcoin transactions, stripping much of the privacy aspect: https://arxiv.org/abs/2003.12470
There are much, much better cryptocoins out there, and it’s a much more nuanced case there. Bitcoin with lightning transactions are basically a less safe, more power hungry and more complex way to be less safe than with a normal bank.
Hell, even the original developers are leaving the Lightning project because they don’t support whats going on.
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