Bitcoin Forum
May 11, 2024, 12:47:22 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Does lightning actually work?  (Read 188 times)
huntingthesnark (OP)
Member
**
Offline Offline

Activity: 357
Merit: 26


View Profile WWW
July 03, 2018, 07:10:16 AM
 #1

I'm sure the principle works, but as a user I've spent two days getting a string of node errors, from expiry too high to fees too low, none of which seem to be user controllable via the Eclair wallet.

Appears to be a roll of the dice as to whether payment X goes through, and those dice are ones you can't examine first. In short it's a waste of time - could have taken an international flight and paid in person in Fiat/gold/camels quicker.

For the latest Crypto news and alts info check out https://coinsjar.info/
1715388442
Hero Member
*
Offline Offline

Posts: 1715388442

View Profile Personal Message (Offline)

Ignore
1715388442
Reply with quote  #2

1715388442
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715388442
Hero Member
*
Offline Offline

Posts: 1715388442

View Profile Personal Message (Offline)

Ignore
1715388442
Reply with quote  #2

1715388442
Report to moderator
1715388442
Hero Member
*
Offline Offline

Posts: 1715388442

View Profile Personal Message (Offline)

Ignore
1715388442
Reply with quote  #2

1715388442
Report to moderator
achow101
Moderator
Legendary
*
Offline Offline

Activity: 3388
Merit: 6635


Just writing some code


View Profile WWW
July 03, 2018, 07:45:44 AM
 #2

It does actually work, and many people have made and received many payments. All of the software for the Lightning Network are still in beta and actively being worked on. What you are experiencing are just the issues that come with using prerelease software.

huntingthesnark (OP)
Member
**
Offline Offline

Activity: 357
Merit: 26


View Profile WWW
July 03, 2018, 08:14:36 AM
 #3

I understand it 'works' in that nodes exist and they perform according to a set of rules, forming a network.

Just the everyday utility of a system where you create a channel that ties up funds but has unknown transactional performance isn't particularly high.

It's like schrodinger's cat - create a channel, find out it's useless, close channel. Day later, open new channel, find out it's useless, close channel...day later... (I'm defining useless as every payment failing due to node errors of various kinds).

For the latest Crypto news and alts info check out https://coinsjar.info/
buwaytress
Legendary
*
Offline Offline

Activity: 2800
Merit: 3446


Join the world-leading crypto sportsbook NOW!


View Profile
July 03, 2018, 08:24:30 AM
Merited by suchmoon (5), achow101 (2)
 #4

Every other payment method you consider not to be a failure today is the result of the same series of pre-release testing, years of trial and error, and still - not perfect. Lightning works, when it does, as has been documented by many. Even the detractors have to admit that it works on certain thresholds. If you need something more certain, stick to on-chain Bitcoin. I'm actually pretty sure you'd still prefer to attempt Lightning again, if offered to fly and travel by camel to pay whoever it is you want to meet to pay.

It's like schrodinger's cat - create a channel, find out it's useless, close channel. Day later, open new channel, find out it's useless, close channel...day later... (I'm defining useless as every payment failing due to node errors of various kinds).

Schroedinger's cat does not work like that. There's no paradox in LN.

██
██
██
██
██
██
██
██
██
██
██
██
██
... LIVECASINO.io    Play Live Games with up to 20% cashback!...██
██
██
██
██
██
██
██
██
██
██
██
██
huntingthesnark (OP)
Member
**
Offline Offline

Activity: 357
Merit: 26


View Profile WWW
July 03, 2018, 08:37:12 AM
Last edit: July 03, 2018, 02:47:09 PM by huntingthesnark
Merited by suchmoon (5)
 #5

Every other payment method you consider not to be a failure today is the result of the same series of pre-release testing, years of trial and error, and still - not perfect. Lightning works, when it does, as has been documented by many. Even the detractors have to admit that it works on certain thresholds. If you need something more certain, stick to on-chain Bitcoin. I'm actually pretty sure you'd still prefer to attempt Lightning again, if offered to fly and travel by camel to pay whoever it is you want to meet to pay.

It's like schrodinger's cat - create a channel, find out it's useless, close channel. Day later, open new channel, find out it's useless, close channel...day later... (I'm defining useless as every payment failing due to node errors of various kinds).

Schroedinger's cat does not work like that. There's no paradox in LN.


The paradox is that (as far as this user can tell) it is not possible to know the properties of a node (expiry length/transaction fee) and set your wallet to meet those properties. This gives rise to 'hit and hope', or 'is the transactional cat in state a (dead) or state b (alive)'?

I can see the potential of it, and plenty of the elements do function as expected, just the final actual transaction bit seems 'slightly' error prone.

To put this in context, I'm giving up on attempting a $50 transaction after creating three channels and initiating six merchant transactions (x2 per channel), each of which were rejected themselves multiple times.

Edit: Now up to 6 channels. Two days and counting now, still unsuccessful.

For the latest Crypto news and alts info check out https://coinsjar.info/
xTz
Newbie
*
Offline Offline

Activity: 74
Merit: 0


View Profile WWW
July 03, 2018, 11:08:35 AM
 #6

Anyone know how to implement LN payment gateways? Is there any 3rd party to implement as a payment for website? 
huntingthesnark (OP)
Member
**
Offline Offline

Activity: 357
Merit: 26


View Profile WWW
July 03, 2018, 11:47:06 AM
 #7

Coingate offers a payment gateway option.

For the latest Crypto news and alts info check out https://coinsjar.info/
jochemin
Member
**
Offline Offline

Activity: 133
Merit: 22



View Profile
July 03, 2018, 01:03:53 PM
 #8

Anyone know how to implement LN payment gateways? Is there any 3rd party to implement as a payment for website? 

https://github.com/btcpayserver/btcpayserver-doc/blob/master/FAQ.md#i-previously-installed-btcpayserver-without-the-integrated-lightning-support-can-i-migrate
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!