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Lightning Network on BTC doesn’t work, and is a dead-end even if it worked as claimed

It has been expertly argued that Lightning Network (LN) does not work and has security vulnerabilities and legal compliance issues (see, for example, Matthew Zietzke: Fundamental errors of BTC and Lightning Network; and Why Lightning will never be currency, and why BSV matters, by Craig S. Wright).

LN’s shortcomings and vulnerabilities are also hard to fix since they arise from fundamental properties of the off-chain payment network.

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
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Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
(coming soon)