4 Bitcoin ‘Loss’ On Lightning Network is FUD, Says Community

4 Bitcoin ‘Loss’ On Lightning Network is FUD, Says Community

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28. October 2019. by adminBTC
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A reported lack of four bitcoin on Lightning Community has been blamed on both user-negligence or FUD-spreading. Neighborhood members variously described the consumer as ‘an fool’ and ‘in over his head’, if the loss actually occurred in any respect. “Wow… appears like I misplaced four BTC” It began with a query posted on Reddit together with some screenshots:
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A reported lack of four bitcoin on Lightning Community has been blamed on both user-negligence or FUD-spreading. Neighborhood members variously described the consumer as ‘an fool’ and ‘in over his head’, if the loss actually occurred in any respect.


“Wow… appears like I misplaced four BTC”

It began with a query posted on Reddit together with some screenshots: “am I capable of free [sic] cash after force-closing channels?”

When instructed that this was potential if channels have been power closed utilizing an older invalid state, the OP claimed to have misplaced 4BTC.

Apparently, an influence outage had induced the OP to power shut from a few-day-old backup, inflicting a breach. Regardless of claiming to be a system administrator with ‘some server information’, he didn’t know that force-closing from an older state was a ‘no-no’.

Nonetheless it was identified that this “isn’t the primary time I’ve seen you with the identical situation of carelessly locking a lot cash on ineffective nodes after which decid[ing] to only mass shut all of them.”

The OP’s obvious calmness on the lack of his 4BTC was additionally referred to as into query.

Dissecting The Loss

A Twitter thread wanting into the circumstances behind the loss and the way it may very well be prevented in future, urged that LN had been working as meant. The sufferer would have been advantageous if he had waited, however impatience induced him to “crash via a number of security limitations,” as he was deemed “in over his head.”

As LN remains to be classed as an experiment, it requires a stage of technical hands-on information to set-up and function. It’s also beneficial that customers mustn’t ship giant transactions over the community.

Zap pockets developer, Jack Mallers, nonetheless, discovered no proof of any breaches. Fellow LN developer TheRustyTwit confirmed this and concluded that:

both lnd saved confused-dude’s ass right here regardless of his finest efforts, or he’s simply making all of it up.

Mallers then responded that he hoped it was simply consumer confusion, and that this wasn’t the results of a social assault on the community. One consumer urged that it is perhaps Bitcoin Money propaganda, however there isn’t a proof of this.

Bitcoin Money has sufficient problems with its personal in the intervening time, as hash fee efficiency has raised questions over the community’s safety.

Do you assume the entire thing was made as much as unfold FUD? Add your ideas under!


Photographs by way of Shutterstock





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