/biz/ - Business & Finance

>>5293819
No; even if you believe the Bitcoin market is currently capped even though segwit, which all parties agree would increase transaction throughput 2-fold, is only at 10% adoption, that situation has only existed for the last month or so. Even at 1 MB blocksize, the network should be able to sustain max 7 txn/sec, whereas fork.lol shows the network maxing out at 5 txn/sec.

>the amount of txns on mainnet will drastically reduce
If that were the case, segwit should have been adopted much faster than it has to save on txn fees. That hasn't been the case.

Again, you're not addressing the point that the LN and mainnet do not compete directly. There is absolutely no reason to use the LN if you are moving $10k overseas, you would use the mainnet and pay regular fees. The mainnet, being more secure than the LN, is always preferable for the same cost, and so whatever the fee on the LN is, the mainnet will be more, which is the point.

>people will mine other chains
That depends on profitability. You're assuming that high fees on the blockchain are a hindrance, let's suppose that's true. That means because people cannot use Bitcoin as much as they want because of high fees, so when the LN debuts on mainnet, demand for Bitcoin will skyrocket because so many transactions in Bitcoin become feasible once again.

>BCH
bcash is pegged to BTC difficulty; there's a reason why the DAA was implemented and you'll see that the DAA keeps BCH mining difficulty roughly at parity with the profitability of bitcoin mining.

The only two chains profitable to mine with ASICs are BCH and BTC; and there has never been a period of more than 6 hours since BCH debuted that it wasn't more profitable to mine BTC. People demand the security of the Bitcoin protocol, and the ASICs that provide that are able to earn more because fees are higher on the BTC mainnet. What the fuck is bcash going to do in 8 years when the block reward is ~3.25 bcash per block and fees are still 0?

Cashies cannot refute pic related.

>>5287398
>fees

>>5283532
I think Bcash is a fucking joke. Pic related. If Roger Ver gets people to distrust the government and collectivism he will basically destroy the idea of a white ethnostate and race and set the stage for an AnCap world. That's worth more than my few BTC to me. I can't wait for the collapse of nationalism because of people like Roger Ver.