Discover and read the best of Twitter Threads about #wumbo
Most recents (2)
1/ Lightning is great, but can't say it is battle-tested. If script kids would be interested, they could take down those shiny new 5 BTC #wumbo channels with negligible cost and no effort at all. 
2/ The underlying issue is that a channel cannot hold more than 483 htlcs at a time, regardless of the channel capacity. Sending 483 micro-payments to yourself and holding on to the htlcs is enough to incapacitate a channel for up to two weeks.
3/ By utilizing the max route length to add loops, each payment can consume up to 9 htlc slots on the target channel. If the script kid is lucky, they only need to send 54 payments to get it done. A single tiny channel takes double-digit amounts of #bitcoin out of business.
Want some reassurance? Look at the growth of the #LightningNetwork in 2018:
4 clients live
18 software libraries
17 wallets
Capacity ATH
-Out of all technologies I've covered, Lightning is, by far, the best positioned to capture value from the real economy in 2019. A thread 👇
4 clients live
18 software libraries
17 wallets
Capacity ATH
-Out of all technologies I've covered, Lightning is, by far, the best positioned to capture value from the real economy in 2019. A thread 👇
I see Lightning as a primitive that businesses can use to design optimal economic incentives.
Its exponentially scalable, highly divisible, and instantly reconcilable nature is unique, AND it is powered by the cryptoasset with the most liquidity and regulatory clarity: Bitcoin.
Its exponentially scalable, highly divisible, and instantly reconcilable nature is unique, AND it is powered by the cryptoasset with the most liquidity and regulatory clarity: Bitcoin.
Lightning is orders of magnitude more efficient than that of centralized incumbents (ie Visa), which makes its use irresistible.
Before you shill your bag, consider that Lightning's DEcentralized counterparts are years behind in terms of development and network activity.
Before you shill your bag, consider that Lightning's DEcentralized counterparts are years behind in terms of development and network activity.
