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Bitcoin developer calls on Lightning developers to prioritize fixing security bugs over pleasing venture capitalists

Bitcoin developer calls on Lightning developers to prioritize fixing security bugs over pleasing venture capitalists

– Antoine Riard, a former Lightning Network developer, argues that the Lightning Network is at risk of becoming centralized and susceptible to single points of failure and censorship risks.

– Riard left the Lightning ecosystem in October due to concerns about a new attack vector called “replacement cycling” that could be used to steal funds from payment channels.

– He believes that Lightning developers have become less security-oriented and more focused on producing cash flow for investors.

– Riard is now working on addressing the issue at the Bitcoin base layer and urges Lightning developers to do the same.

– He claims that many Lightning-focused firms are compromising Lightning’s mission and security incentives for the sake of pleasing venture capitalists.

– Riard sees this as a classic example of the “tragedy of the commons” and is concerned about the trade-off between decentralization and efficiency.

– He does not want to be associated with the security risks of the Lightning Network and believes it has fundamental flaws that make it a dead end for Bitcoin in the long term.

– Despite the concerns, Lightning has not seen as many attacks as Ethereum layer 2s due to users typically only storing a small amount of funds in their wallets at any given time.

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