There was also tons of work put into bitcoin to make it slow and it was very intentional. Anyone wanting faster transactions in bitcoin was banned on Reddit bitcoin for a while. This was why bitcoin cash was made but it was kind of a flop initially and I lost interest
Security researcher and developer Antoine Riard is stepping down from the Lightning Network’s development team, citing security issues and fundamental challenges to the Bitcoin ecosystem.
According to a thread on the Linux Foundation’s public mailing list, Riard believes the Bitcoin community faces a “hard dilemma” as a new class of replacement cycling attacks puts Lightning in a “perilous position.“
bitcoin white paper was called "digital gold" it was never meant to replace fiat
The white paper title is "Bitcoin: A Peer-to-Peer Electronic Cash System".
It was never refered to as "digital gold" until the CIA started pushing that narrative to convince people not to ever spend it.
There was also tons of work put into bitcoin to make it slow and it was very intentional. Anyone wanting faster transactions in bitcoin was banned on Reddit bitcoin for a while. This was why bitcoin cash was made but it was kind of a flop initially and I lost interest
We already have instant transactions using Bitcoin itself on the Lightning Network. It works by creating multisignature channels between peers.
(Oct-2023) Bitcoin core developer steps back from Lightning Network over ‘hard dilemma’ https://cointelegraph.com/news/bitcoin-core-developer-antoine-riard-steps-back-lightning-network-dilemma
Bitcoin Core Dev exposes Lightning Network flaw, departs project - "All your mempool are belong to us" https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-October/022032.html
How does a lightning replacement cycling attack work? https://x.com/mononautical/status/1715736832950825224
Github - List of Lightning Network technical issues, bugs, flaws, and exploits. https://github.com/davidshares/Lightning-Network