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Author Topic: [2018-07-13] ‘Be Vigilant’ – One Person Behind Lightning Network 220% Capacity  (Read 47 times)
BitcoinArsenal
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July 13, 2018, 10:43:13 PM
 #1

Andreas Brekken, owner of Shitcoin.com and an associate of Bitcoin.com owner Roger Ver, who has publicly criticized Lightning, currently controls a Lightning Network node with a capacity of 35.4 BTC ($221,000).
Prior to Brekken’s node going live, the entire Lightning Network had a capacity of only around $225,000, with Brekken now comprising 49 percent of total network capacity at $427,000.
Full article on Bitcoinist

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July 14, 2018, 06:58:33 PM
 #2

Someone who looks an awful lot like Roger Ver is in the background of this picture here -- https://archive.fo/xglYC

It wouldn't surprise me if it was an attempt to claim "Centralization" in Lightning by having a massive node.

Same old con-man, same sleazy tricks.

fortitudinem multis - catenum regit omnia
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July 14, 2018, 07:12:28 PM
 #3

So what? Anyone can set up a node and add any amount of Bitcoin to provide liquidity to LN.

Quote
Controlling such a large portion of Lightning capacity, or even more than half, does not present an insurmountable stability risk to the network.
How about Bitmain having enough gear to account for 99% of BCash's network power? Also, more than half of BCash's nodes are controlled by one party, how about that?

Quote
Nonetheless, the specter of Bitcoin.com’s Ver remains, the entrepreneur firmly in support of on-chain scaling solutions such as altcoin Bitcoin Cash’s 32MB block size increase.
I hope they keep supporting on-chain scaling; the more on-chain scaling BCash goes through, the sooner it will turn into a pile of rubbish, especially if they want ICO's and DAPP's to run on top of it. Failure guaranteed. Fake Bitcoin. Fake Ethereum. Fake supporters.

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July 14, 2018, 09:45:08 PM
 #4

So what? Anyone can set up a node and add any amount of Bitcoin to provide liquidity to LN.

Yup, making mountains out of molehills here. Brekken's always been a douchebag. He's capitalizing on people's ignorance. The article (paid for, I assume) almost makes it sound like he could 51% attack the network:
Quote
Concern is mounting over Bitcoin’s Lightning Network

with Brekken now comprising 49 percent of total network capacity

The state of Bitcoin media... Roll Eyes

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July 15, 2018, 09:49:05 AM
 #5

If the BCH people want it to succeed so badly, why don't they push for merchant adoption and make a case for its actual utility instead of constantly trying to undermine bitcoin? That strategy just hasn't paid off very well for them so far.





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July 15, 2018, 05:01:26 PM
 #6

If the BCH people want it to succeed so badly, why don't they push for merchant adoption and make a case for its actual utility instead of constantly trying to undermine bitcoin?

They are. Roger with its early bird investments gained a massive economical advantage which he's exploiting at full right now. Every merchant that accepts Bitcoin through BitPay now *miraculously* automatically also accepts BCash. They even messed with BitPay in the way that people using Bitcoin have to pay an additional fee to use it as payment option, which is completely ridiculous.

Roger's involvement also explains why BitPay never bothered to list any altcoins in the more recent times, because they greatly surpass BCash's capabilities in terms of functioning as cash. Litecoin has all the characteristics; quick block times, low fees, is listed on all exchanges for proper liquidity, everyone knows about it, no one cares if its blockchain is cluttered with day to day transactions, etc. He's afraid of Litecoin.

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