Cryptocurrency: Time For Nextgen Scale and Privacy Designs... Lightning Network Is Garbage

grarpamp grarpamp at gmail.com
Thu Apr 7 16:19:01 PDT 2022


"OnLine LN Is Garbage... OnNetwork is 4 Lyfe  -- Internet"

0.25 world pop 1tx/dy = 24ktps
0.75 world pop 1tx/wk = 10ktps
0.50 world pop 1tx/wk =  7ktps
0.25 world pop 2tx/wk =  7ktps

Advances in sound money, consensus over database,
network design, and privacy technologies could now,
13+ years later, reach sufficient tx rates to enable a
statistically significant non-disenfranchising global
monetary overlay.

Instead making yet more corrupt premine reserve holdback
stakeholding/investor dev/VC treasury funding, grand kitchen-sink
feature list, PoS, block-storage-based, programmable, centralized,
etc... shitcoins... do engineering the next anonymous barebones
all-parties-disinterested privacy-capable raw money.

Tech did not exist in 2008 for Bitcoin-BTC to even
approximate a global money... hobbled by lack of
privacy, disk-storage-growth, low-txrate, ASIC-friendly,
with bolt-ons like the online censorable etc LN shadily
making adopting the worse things easier.

It is likely that the technologies needed to launch a real
coin reasonably worthy of the nextgen name do now exist
(or will within a few years), thus needing only to be tweaked,
integrated together, and launched. Look for and build them.


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