ETH 2.0 will solve scalability problem. Problem with LN is centralization and that it's actually duct taping the problem instead of solving it. Scaling must be on-chain. LN needs main chain transaction to close and open channels anyway so the network will be clogged one way or another.
Redpill me on Lightning Network Jow Forums
Kevin Parker
Easton Walker
>fungibility
LN transactions are p2p so if OFAC sanctions your LN address, you can send to a new one you created and there's no way for someone to know the history of the funds, so yes i think it does address fungibility
>scaling
it comes down to how often you expect settlement to happen, i think. for most people i dont see why they would want to settle. keeping your funds in LN would be preferrable i would think
how does LN lack security? BTC in general is not being used for payments, so extending this argument to LN is not convincing.
Aaron Nelson
LN nodes are going to be "always on", so there will be minimal network activity related to opening/closing channels
Matthew Cruz
no ln node will touch your blacklisted coins
and rightly so. let the chink scammers and criminals get fucked!
you still need to maintain and refund your channels even if you don't settle.
Elijah Hughes
if your coins are in LN before you get sanctioned, the LN nodes cant do shit
if your coins are in LN, OFAC can't sanction you for reasons outlined above
>maintain and refund your channels even if you don't settle
wut dis mean?
Liam Murphy
no you don't get it, nobody legit will open a channel to your blacklisted tainted address. so you can't mix it with legit coins.
Levi Torres
also ofac can't sanction your coins anyhow it's not like magically your transactions stop happening. exchanges under us jurisdiction will not accept it.
Brayden Rodriguez
there is a lag time between when someone begins using an address and when OFAC sanctions it. during that interim period, someone can put the funds into LN and it is now not sanctionable
Jayden Stewart
said differently, if Iran or North Korea, or whoever, tomorrow began using LN--actually getting their funds into LN, they no longer are sanctionable. unless i'm fundamentally misunderstanding something. so LN does provide proper fungibility.
Colton Nguyen
of course it is. since the ofac will now blacklist the ln p2sh address. it's all trackable on the public blockchain nowhere to hide.
things like wasabi wallet are the only hope to make tracking confusing. but again nobody will mix coins with a blacklisted address.