Lightning Network: The Trojan Horse of the Crypto industry
Troy’s horse was a war strategy.
A huge wooden horse-shaped gadget, and that according to the story, was used by the Acaos to enter the fortified city of Trojan. The Trojans took the huge horse as a sign of his victory, and was taken inside the gigantic walls, not knowing that several enemy soldiers were hidden inside him. During the night, the warriors came out of the horse, killed the sentinels and opened the doors of the city to allow the entrance of the army, which caused the final fall of Troy.
The story is not repeated but rhyme. Bankers use the same strategy against disruptive technology that can earn the battle of money, Bitcoin Blockchain.
The Climbing of Transactions Allows Bitcoin to be Money P2P
The last thing that the elite wants is that people associate cryptomones with “money for people” or “Internet money” or “financial independence from banks”.
Bankers understood Blockchain technology as disruptive, and are pretending to take control. When WikiLeaks announced the adoption of Bitcoin, alerted the elite of financial stability for the banking system.
In the following years, Bitcoin continued to expand quickly and was accepted as a payment method even by Microsoft, Steam and Twitch.
Bitcoin is currently an enemy of financial establishment and a way for banks and elite to remain relevant in the game.
Thus, the establishment is actively saboting the cryptomoneds, and because Bitcoin remains the flagship, they have focused mainly on it, with the expectation of discrediting the entire industry, and when other cryptomoneds have good use of use.
Satoshi: Governments are good for cutting the networking heads centrally controlled like Napster, but pure P2P networks such as Gnutella and Tor seem to be resisting.
Everyone should realize that cryptomones are at the head of a global fight for more power and freedom for the individual, but they can also be used to enslave and remove power.
Bitcoin has limitation to scale transactions, like all Blockchain, in its L1.
The Blockchain Trilemma was proposed by Vitalik Buterin, and suggests that a chain of blocks operate sacrificing one of three essential characteristics, decentralization, or security or scalability, after the other two.
Many wonder why there are BTC maximalists and why they support the idea that other cryptomones are not worth anything, a clear message to beginners, and especially against Bitcoin Cash, the reaction is always quite extreme.
Bitcoin Cash has mitigated the trilemma, achieving climbing without sacrificing decentralization or security, increasing the block size. A simple improvement that gave him great impulse.
In general, a second layer is a climbing solution for any Blockchain, but safety is better addressed in its L1, rather than in a sidchain (L2) to scale.
Bitcoin is also resistant to censorship. Of course, only in his L1.
Any other solution in which developers are working will not be better options to avoid censorship of transactions.
The company behind this strategy is Blockstream, and did not expect this resistance from the Bitcoin community and Bitcoin Cash’s fork.
Lightning Network is a Centralized Tool
Lightning Network is developed by Blockstream, and some of the programmers are also part of Bitcoin Core Team.
LN is a Sidchain network, which validates transactions in the Bitcoin Blockchain only when the user closes the status channel, meanwhile, the transactions in that channel remain in a nebula, in an accounting draft.
Users who do not run their own node, are forced to use Lightning Hubs that increase censorship odds.
Lightning Hubs can be seized by the network, and Lightning users who opens and close channels at any time they wish, can be censored in their transactions.
LN is supposedly about microtransractions (that is, to buy a coffee or a soda), but the opening and closing of a LN channel requires the payment of (two) mining rates of L1. With BTC rates of $ 50, would you pay $ 100 for a refresh or a coffee?
Blockstream was created and funded by the banks with the sole purpose of delaying progress, as it seemed a possible transfer of the financial power of bank cartels to the financial networks of cryptomoneds.
Blockstream
The powers behind Blockstream is to prevent cryptomones from becoming a monetary tool that treats all the people of the world alike, because that would be the best product and would leave banks obsolete. They simply show Bitcoin as “another tool for the rich”.
Blockstream effectively paralyzed Bitcoin. And this box containing undeniable facts, explains how far the banks arrived to stop the increase in the adoption of Bitcoin.
Blockchain has several developers (current and ancient) of Bitcoin Core Team in its ranks.
We can see that among Blockstream investors there are bankers. This graph explains the BTC connections and the Bilderberg group. Mastercard, AXA and Grayscale, and how BlockStream is linked and financed:
AXA Strategic Ventures: https://axa.com/en/magazine/axa-strategic-ventures-blockchain
Mastercard: https://coingeek.com/the-mastercard-bitcoin-conspiracy/
In addition, the interference of the establishment is clear since Lightning Network is appointed in the World Economic Forum: https://www.weforum.org/organizations/ligning-labs
In 2015, MasterCard invested in Digital Currency Group (DCG), which was one of the main investors in Blockstream, the company that hired practically all Bitcoin developers at that time.
Additional developers were paid by companies that include MIT Media Lab Digital Currency Initiative, financed by Jeffrey Epstein, and also the risky capital subsidiary of AXA, the European insurance company of more than 100 billion euros, whose CEO at that time He was also the president of the Bilderberg group. .
After these investments, every conversation on chain escalation was practically suppressed in all means and people who tried to boost the conversation were affected by social engineering and DDoS attacks.
Digital Currency Group creates the arm of investment funds of your business, Grayscale Investments; Grayscale turns the Bitcoin brand as “Digital Gold” and advertises it as an investment instead of digital money. The “GBTC” fund has an Aum of $ 35 billion and has contributed significantly for institutional investors to think that Bitcoin was designed to be digital gold, which is a complete falsehood.
Digital Currency Group invests in several competitors to supply what Bitcoin was originally able to do before the changes and eliminations of the Protocol:
• Lightning Network for second-layer “snapshot” transactions in the chain instead of instant transactions in the chain,
• RSK for intelligent contracts in BTC instead of using the Bitcoin script incorporated now in disuse,
• Ripple for instant transactions in its own block chain,
• Parity, who created the Polkadot block chain, making intelligent contracts,
…and more.
Instead of consolidating all these applications in the Bitcoin chain, now all have their separate private solutions, as well as speculative tokens.
Digital Currency Group has (in part) and directs Blockstream.
Who Directs Digital Currency Group:
Glenn Hutchins: Exaser by President Clinton. Hutchins is part of the Bank Board of the Federal Reserve of New York, where he was re-elected as Class B director for a period of three years that ends on December 31, 2018.
Barry Silbert: CEO of Digital Currency Group, (funded by MasterCard) and is also former investment banker in Houlihan Lokey. This is the guy who thought SW2X was a good idea.
Lawrence H. Summers: Chief Economist of the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary of International Affairs of the United States Department of Treasury under the Clinton Administration. In 1995, he was promoted to Undersecretary of the Treasury under the former political mentor of him Robert Rubin. In 1999, he succeeded Rubin as secretary of the Treasury. While working for the Clinton administration, Summers played a prominent role in the US response to the 1994 economic crisis in Mexico. , the Asian financial crisis of 1997 and the Russian financial crisis.
Blythe Masters: “Former executive of JPMorgan Chase. She currently is Executive Director of Digital Asset Holdings, a financial technology firm that develops distributed accounting technology for wholesale financial services. Masters is widely recognized as the creator of the SWAP of credit non-compliance as a financial instrument.
DCG is also an investor in Bitgo, which aims to become a “service” that avoids double spending. Although Bitcoin has this security incorporated into its protocol, this service is only useful if the transactions are not confirmed in the block chain, and confirmed, for example, in a side chain, such as Lightning Network, Blockstream development technology .
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