Bees against honey: what young cryptomelane Eric Finman loves Lightning Network?

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2019-03-11 21:45:08

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Bees against honey: what young cryptomelane Eric Finman loves Lightning Network?

Lightning Network is one of the most promising solutions to the scalability of Bitcoin. Often it is also called the main trigger for mass adoption of cryptocurrency around the world. However, young Eric Finman does not recognize all of the benefits LN. Even more — he criticizes technology for the lack of decentralization.

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What's wrong with Lightning Network?

Recall, Finman is not the first time stuns the audience with a rather sharp statements about the main cryptocurrency. In December 2018 a young millionaire said publicly about the death of Bitcoin and advised all to go to the Bitcoin Cash.

See also: .

Now, Finman has published a series of tweets about the shortcomings of LN. According to him, due to the limitations of its functionality Lightning Network may not provide complete decentralization. But this contradicts the philosophy of cryptocurrency.

According to the enthusiast, LN turn Bitcoin into the normal payment system like Visa and Mastercard. Satoshi Nakamoto wanted to destroy these corporations, not to create something similar to them.

It is Noteworthy that Eric still maintains her previous words. «Bitcoin is still dead» and development of a Lightning Network supposedly only confirms the young millionaire. «new Bitcoin» all the benefits will only get people from Silicon Valley while the miners would be at a loss.

See also:

Yes, LN is not as centralized as the Federal reserve system of the USA. However, its further integration into the Bitcoin cryptocurrency will bring only harm and almost no good.

But Twitter CEO Jack Dorsey has a different opinion on this. It supports the development of a Lightning Network and recently even participated in to advance technology.

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