Was Lightning Network a nightmare for Satoshi Nakamoto?

As a bitcoin investor, you may face problems such as high fees and time delays in network transactions. To solve these problems, Lightning Network entered the world of blockchain and digital currencies. News and events also show that Lightning Network technology will soon become a major component of the bitcoin network.

But technology also has its critics. The following is a scathing remark from one of these critics on Mr. Will’s website. He believes that designing such networks is Satoshi Nakamoto’s nightmare and contradicts all the main goals of the Bitcoin network.

Publishing this article in digital currency does not imply endorsement or disapproval of the original author’s comments.

Whenever there is a discussion about the slowness and cost of the bitcoin network, the most common reaction and argument we hear from bitcoin fans is the Lightning Bitcoin network. They say that bitcoin is unique and preferred! But Lightning Network is fast and there are no fees!

Well, to say this is like sending a critic to look for black peas; Because, trying to focus on a faulty and centralized secondary network that has nothing to do with bitcoin at all, it is trying to divert criticism from the problems of the bitcoin network.

In this article, I will explain why the Bitcoin Lightning Network is defective, centralized, and has many security vulnerabilities.

The lightning network is centralized

Satoshi Nakamoto in the White Paper on Bitcoin explicitly mentions in the introduction and introduction that the main benefits of bitcoin are lost if an intermediary or third party is needed. That’s what Lightning Network is all about.

The lightning network is centralized

Satoshi clarified the potential dangers of using an intermediary network. However, there is a group of so-called “bitcoin extremists” who are undermining Satoshi’s real vision in order to gain control of the network.

The Bitcoin Lightning Network claims to use a network of micropayment channels that allow Bitcoin to reach billions of transactions a day. But what they’re not telling you is that this feature only works through their centralized banking centers.

A recent study by researchers in this field, entitled “Lightning Network: A Second Way to Centralize the Bitcoin Economy,” found several dangerous signs on the web. The study was conducted by researchers Jian-Hong Lin, Kevin Primicerio, Tiziano Squartini, Christian Decker and Claudio J. Tessone. Examining changes in the overall network capacity, these researchers found many vulnerabilities in the Lightning network protocol.

They found that about 10 percent of the nodes (or nodes) control 80 percent of the network’s capital. This is naturally dangerous; Because if most of the available bitcoins are held by only a few nodes, the network will be more vulnerable to hackers. This is because removing these routing nodes creates security vulnerabilities in the network.

Removing the hubs leads to the disintegration and division of the network into many parts. These omissions can make such a network a target for split network attacks; In this way, such a structure could potentially and ultimately lead to fragmentation of the Lightning network.

The Lightning network does not work globally

Lightning network scalability

The capacity of the Bitcoin Lightning Network is the amount of bitcoins that this network can manage at any time. In order for billions of people to be able to use this platform globally, it must be expanded to higher levels and in a way that is unrealistic, which is not easily possible for this network.

Currently, the network can only process about 2,800 bitcoins, which is about 0.0001% of the total bitcoin supply. With billions of bitcoins traded daily, the performance of this network is by no means acceptable.

Lightning payment channels also need to be opened and closed through expensive L1 bitcoin transactions. The network can process 2000 transactions or blocks and generate 144 blocks per day. This means that if we look at the current population of the world without death or rebirth, it will take about 72 years to open a payment channel for everyone on earth.

Bitcoin fluctuations make the Lightning network unusable

The lightning network is not suitable for fluctuations

Leaving aside all the other shortcomings, let’s imagine that the Lightning network works well. But the question is, why should individuals or companies prefer to use it?

Sharp fluctuations in the price of bitcoin are a very important issue for many people, especially those who are interested in using it as a method of payment.

Fluctuations in prices make the use of bitcoin as a payment method a challenge for companies. These fluctuations can be problematic, especially when pricing products to sell to customers or even buying products from suppliers.

Let me use an example to better illustrate this point: Suppose WhaleCorp has to pay an invoice to its bitcoin provider. Suppliers usually set a deadline for their customers to pay the invoice amount during this time, for example 30 days. If the price of bitcoin has increased by 10% during this 30-day period, WillCorp must convert the currency of Fiat or another cryptocurrency into bitcoin to provide this additional 10% and provide it to the provider in exchange for clearing the invoice.

This risk of converting currencies into one is due to the fact that customers of companies such as Wilcoorp can pay for transactions in fiat currency rather than bitcoin. Such a risk also exists for consumer transactions. Because most people are not paid for bitcoins, which leads to the conversion of currencies into each other.

Lightning Network claims no fees. If their network had not been completely centralized, and if bitcoin had not been one of the most volatile assets on earth, the Lightning Network would have been an amazing network.

El Salvador’s use of the Lightning network

El Salvador and the Lightning Network

You may have read this news before. El Salvador recently became the first country in the world to adopt bitcoin as legal tender.

But this move, which was hailed by most members of the bitcoin community, was nothing more than capturing an authoritarian regime for an unprecedented totalitarian system.

People were very happy and excited when Salvador President Naib Bukele showed his support for bitcoin at the Miami Bitcoin Conference in 2021. What he did not mention was how people would be forced to use Chivo, Lightning’s fully centralized portfolio. .

“The Chihuahua is not a bank,” Buckle said in a recent tweet. Chihuahuas are 1,000 times more corrupt and centralized than any bank on the planet.

The El Salvador government now has direct and complete control over all the assets of its citizens. The government can activate or deactivate its portfolios at any time. We saw this when, on the day the wallet was released, it was closed under the pretext of “technical problems”.

We also received dozens of messages on social media indicating that their transactions were not made on the Lightning network. Why? Because the Lightning network is only for small transactions from $ 1 to $ 5 and the transaction does not exceed $ 400.

Isn’t this a centralized network that limits people from spending only $ 400? I may not have understood anything in the middle, but what exactly is the advantage of this network over banks?

Vulnerabilities in Lightning Network

Vulnerabilities in Lightning Network

Joining Jager, an independent Lightning Network developer, has expressed many concerns about the network over the years. He claims that while many of the features they have created are great, there are some serious threats to the network.

Lightning Network № 1 Vulnerability: Grief Attack

Jagger describes an attack called Griffing, which is possible after the launch of the Lightning Network. This attack affects existing and newly launched Wumbo online payment channels.

Lightning channels make payments over the network using an encryption feature called hash lock contracts (HTLC). Lightning channels can contain only a few hundred HTLC. When this value is reached, the channel can no longer process payments. So the funds were blocked and the canal had to be closed.

A lattice attack can cause chaos: Given that very few people actually use the Lightning network, this has not been a big problem so far. But in the future it can create.

This problem allows attackers to block all bitcoins accumulated in the network payment channel by sending spam in the form of small payments. Although they cannot steal bitcoins this way, they may be able to disrupt user transactions.

Vulnerability № 2 Lightning Network: Delayed network damage

If an attacker creates hundreds of nodes and accumulates all Lightning node connections in such a way that the other victim is no longer properly connected to the user, the attacker can deprive that node of receiving real network data.

Once the node’s connections are “lured by the attacker”, the attacker can obtain the transaction data to the node at a slower speed than normal. When an attacker closes Lightning channels with this trick, he can also steal the funds of this channel, because the host node of this transaction does not see the closing of the channel in the blockchain, and this is because it does not receive data fast enough.

This attack is serious in the sense that the victim may lose his property. The attack allegedly required the malicious agent to manage and coordinate hundreds of nodes to catch the victim.

Vulnerability № 3 Lightning Network: Fixing

Another attack that requires a transaction data problem is known as an “attachment attack”.

To take advantage of this vulnerability, transactional professional attackers block the order to close the channel. This operation is performed by allocating conflicting transactions in the network to separate nodes with different nodes.

Remember that there is no pool for stopped transactions in the bitcoin network; Some nodes receive transactions that other nodes do not. This is determined by the distribution of peer-to-peer network connections, so each packet is different.

The attacker can deceive the victim using various techniques. One is to set a low transaction fee to close the transaction to ensure that it is not approved before the channel timeout expires. With this technique, the attacker intends to close his channels incorrectly and thus steal transactions.


Bitcoin Lightning Network is not just a failure. Rather, it is a deceptive trap, and despite everything, Satoshi Nakamoto has built a bitcoin network.

The Lightning network is usually pursued by extreme Bitcoin fans who have either never read the White Paper, or do not know how the Lightning network works, or deliberately try to deceive new users with a faulty and centralized fraudulent network.

With the latest news that Twitter has increased the ability to pay using the Bitcoin Lightning network, people deserve to know the truth about this system. I believe that the Lightning network will face many failures in the future.

The publication was Satoshi Nakamoto’s Lightning Network nightmare? appeared first for currency.

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