Former Openbazaar Lead Developer Exposes Hidden Truths Behind Bitcoin's Lightning Network

Former Openbazaar Lead Developer Exposes Hidden Truths Behind Bitcoin’s Lightning Network

Chris Pacia, the former lead developer at the now-closed decentralized marketplace Openbazaar, has voiced criticism regarding the development and promotion of Bitcoin’s Lightning Network (LN) as a solution for scalability issues. Pacia highlighted that the technical shortcomings of LN were deliberately obscured during the blocksize wars, which ultimately led to a Bitcoin hard fork.

Former Openbazaar Lead Developer Exposes Hidden Truths Behind Bitcoin's Lightning Network

According to Pacia, most of the public lacks the technical expertise necessary to assess the implications of increasing Bitcoin’s block size or adopting LN as a scalability solution. He claimed that technical experts who pointed out LN’s flaws were censored and banned from various platforms, and their statements were erased.

Consequently, mainstream non-technical figures in the cryptocurrency space such as Saifedean Ammous, Peter McCormack, Tone Vays, and Stephan Livera had to depend on the views of non-censored experts.

During the height of the blocksize conflicts, Pacia contends that these experts intentionally misled the public to garner support for their position. He stated:

“They knew lightning would work like dog sh*t. But it was considered a ‘noble lie’ to win the blocksize wars.”

Pacia’s comments echo a broader sentiment among developers regarding LN’s complexity and potential for leading to centralization. Last year, Bitcoin developer Matt Corallo criticized LN’s effectiveness, describing it as “kind of a joke.” Similarly, longtime Bitcoin enthusiast John Carvalho criticized LN’s design.

Other critiques have pointed to a reduction in LN’s liquidity, which has recently fallen below 5,000 BTC, along with a decline in the number of nodes and channels over the past year.

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