Fake money is boring.
At least, thatâs the contention of many micropayment enthusiasts, whose impatience for the Lightning Network has led to an influx of real bitcoin being transacted over the network, even though developers caution people against doing so since itâs still in the testing phase.
âThe testnet just doesnât have the same adrenaline rush,â representatives of VPN service TorGuard told CoinDesk, after announcing it would be accepting Lightning payments.
And theyâre not the only ones â Blockstream launched a Lightning-only merchandise store using its own Lightning implementation, c-lightning, and a Lightning main net explorer suggests more than $33,000 in bitcoin has been transacted via Lightning Networks.
The excitement is not hard to explain â the off-chain technology promises near-instant transaction speeds with vastly reduced fees â and many enthusiasts believe using the network on the bitcoin mainnet, as opposed to on the testnet, will speed up the time it takes to get the Lightning Network ready for prime time.
âI think itâs time for [Lightning Network] to go live, even if still buggy. But this is the best way to harden it,â one Twitter user wrote.
Yet using the network while itâs still in development has not only led to confusion as to its readiness, but itâs also caused several people to lose real bitcoin funds. Because of that, Blockstreamâs decision has been criticized, and others have called opening Lightning channels with hundreds and thousands of dollars of bitcoin âcrazy.â
In spite of persistent warnings, though, mainnet implementations of Lightning already have over 205 nodes and 548 channels, at press time, with no sign of stalling.
Yet, what this momentum is slowing, according to developers, is the rate at which Lightning will be safe to use on the bitcoin mainnet.
As Pierre-Marie Padiou, who develops Lightning at ACINQ, told CoinDesk:
âRecently we have seen more and more users configuring their software for mainnet, some thinking that this will make Lightning Network deployment happen faster somehow.â
But thatâs just not the case.
In a recent interview, CEO of Lightning Labs, Elizabeth Stark, approximated the developer count on the Lightning Network to be as low as ten individuals â a factor which as detailed by CoinDesk could be slowing down the release of the tech. Perhaps due to this shortage, Lightning Labs has appealed to users to stop sending money over the system, stating that, âIt has become an unnecessary distraction for our devs.â
âA lot of people want to get on mainnet and itâs hard to tell them that itâs not quite ready and that they should test on testnet,â said Alex Bosworth, a Lightning developer. âI wouldnât recommend using mainnet unless you are explicitly testing and fully know what you are doing.â
According to Bosworth, who runs two of his own mainnet nodes, one major problem Lightning developers could run into as they move to release a mainnet implementation is needing to be backwards-compatible, so that the upcoming release would interoperate with the current prototypes being developed.
If the nascent mainnet continues to mature â it has doubled in node count in the past 72 hours â it could âreduce the speed of development,â as devs would âhave to worry about keeping backwards compatibility with previous versions,â Bosworth said.
Yet, even with all this in mind, thereâs no sign active use will stop.
âWe plan on keeping our Lightning Network nodes up and running permanently to help support the network,â said TorGuard CEO Ben Van Pelt.
And that aligns with Lightning adopter David R. Sterryâs defense of the active use of the in-development network, saying the criticism âisnât unanimous,â and adding that developers âcould have made it harder to do if [they were] really against it.â
He continued, âThere are some issues youâll only find with real money.â
And mainnet testing has led to the uncovering of several bugs.
According to the International Business Times, Blockstreamâs deployment of the tech led to the discovery of 20 bugs in the first 14 hours following its launch. And the CEO of TorGuard, Ben Van Pelt, told CoinDesk the company has encountered a few bugs along the way, but none that have caused the company or its users to lose money.
In this same vein, CSO of Blockstream Samsom Mow tweeted: âUsing Lightning Network on mainnet isnât just bug fixing, stickers and being #reckless. Itâs also learning about usability issues that we may not be considering.â
But Padiou thinks this overlooks an important point, saying once the network is live, âEvery bug encountered will potentially be orders of magnitude more costly in terms of development resources. Thatâs why on the way to a stable, working Lightning Network, rushing things will not make us actually go faster.â
The active network âjust puts more pressure and adds more distraction to the already small number of people actually doing the development,â he continued, adding:
âLetâs not forget that [developers] are the scarcest resource of all.â
Disclosure: CoinDesk is a subsidiary Digital Currency Group, which has an ownership stake in Blockstream.Â
Lightning over palm trees image via Shutterstock