Lightning-Network
ln-fee-siphoning
Lightning-Network | ln-fee-siphoning | |
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40 | 3 | |
92 | 17 | |
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4.0 | 3.2 | |
about 1 month ago | over 2 years ago | |
Python | ||
MIT License | MIT License |
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Lightning-Network
- FDIC closes Silicon Valley Bank after bank fails to raise new capital
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The Investors Who Still Think Crypto Can Make Them Rich
The main problem in my mind with the Lightning network is that in order increase transaction speed, it is reducing the decentralization by requiring participants to trust the other network operators that they create channels with. For the lightning network to really scale to a global payment system, we would need large central hubs for the payments to route through and you would end up with a poor imitation of the centralized banking system that bitcoin is attempting to avoid.
This page is a good collection of issues and criticisms of LN: https://github.com/davidshares/Lightning-Network
- Unpopular Opinion: If You Are a Bitcoiner, You Can Say Thank You to SBF, Do Kwon, or Alex Mashinsky. All of these crooks help shed light on why only the Bitcoin revolution matters in the future.
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Sam Harris' responsibility for cryptocurrency
Bitcoin specifically, transactions times and the layering, in essence the lightning network, has been a failure amid many embarrassing risks (some of which allowing for the possibility of a contract being intercepted). https://github.com/davidshares/Lightning-Network amounts to absolutely not being an effective currency system from the get go. An absolute waste of energy. Deflationary by design meaning a disincentive to sell baked into it. The volatile value means a completely undesirable means of exchange.
- Lightning is centralized and not anonymous at all
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Bitcoin hits lowest price in two years as Binance cancels FTX acquisition. Only the very beginning of the end for this PONZI.
Lightning network is an off-chain L2 solution, not bitcoin. Also terribly unreliable and vulnerable: https://github.com/davidshares/Lightning-Network
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Rogue Actor Disrupts Lightning Notwork With a Single Transaction ⚰️ 🫡... use Bitcoin Cash to be safe.
The truth about the Lightning Network: https://github.com/davidshares/Lightning-Network
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BTC on lightning has just flipped Nano. The USD Value of all the money in Bitcoin's lightning network has surpassed the Market Capitalization of Nano.
And I'm listing literally just a few issues. There's a more comprehensive list here.
- Stanotte avverrà l'evento, ovvero il "Merge" di Ethereum: da proof of work, diventerà proof of stake.
- One year on, El Salvador’s Bitcoin experiment has proven a failure
ln-fee-siphoning
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How are we supposed to use BTC as a medium of exchange when every transaction is a taxable event?
There are various flaws that allow funds to be locked, for example (griefing attacks), along with flood and loot attacks, time dilation attacks, fee siphoning attacks, the list goes on...
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Stealing Sats From Other Users: Attacking Lightning Network Custodial Services
Anyway, I shared some code and I named the repo "reckless withdrawals" (GitHub), but "Hungry Route" is much more attractive!
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Stealing Sats from the Lightning Network Custodial Services
I'm sharing code to replicate my findings on GitHub Reckless-Withdrwals. So far, only LNMarkets, I will not share yet Bitfinex and Southxchange as I am not 100% confident that they are exploit proof after their fix.
What are some alternatives?
WebGoat - WebGoat is a deliberately insecure application
Muun recovery - Muun recovery tool
core - GO implementation of the Terra Protocol
circuitbreaker
nano-node - Nano is digital currency. Its ticker is: XNO and its currency symbol is: Ӿ
research
bitcoin-verde - Bitcoin Verde is a Java full-node implementation of the Bitcoin Cash protocol. Fully indexed, Bitcoin Verde is a unique, from the ground-up, implementation. Bitcoin Verde provides a block explorer, development library, and network implementation diversification.
EIPs - The Ethereum Improvement Proposal repository
yours-channels - Channels.
PomPom-Language - The cuteness implementation of a dependently typed language.
Breez Mobile Client - Lightning Network mobile client
lnd - Lightning Network Daemon ⚡️