A Running List of Critical Lightning Network Defects solved by Bitcoin Cash
After Andreas talk about hot wallets, it got me thinking about the list of terrible flaws in LN that are so incredibly glaring that bitcoin core community has completely ignored:
It requires target lightning node to be up (if its down you can't connect)
In a large-scale LN implementation, the cheapest and fastest routing of LN payments is np-hard (among the most algorithmically inefficient problems in computer science)
Creates the possibility of a Man in the middle attack when the distance between nodes >= 3 (which is all useful cases essentially)
Requires hot wallet which is hackable to receive payments as opposed to BTC wallet which can be on a sheet of paper
You still have to open and close LN channel on the block which is 2 tx (on a very expensive blockchain)
Centralization of nodes/hubs that can be shut down by the government to disrupt the network.