/biz/ - Business & Finance

Have we just successfully scaled? Fees on Bitcoin are pennies, Lightning is available for use and more nodes are popping up all over the place. Is this it?

wtf

https://youtu.be/3PcR4HWJnkY?t=497
8:17

"And not only can I get my currency back, I can get all of her funds too as a penalty"

Why does everyone keep saying this shit is coming soon? When is it actually gonna be ready

Opening up a payment channel on the LN first requires on chain transaction. What will be the course of action when the mempool is inevitably clogged again when the Segwit capacity upgrade is no longer enough? Segwit will allow for 2-4mb blocks, which in the short term will mean a clearer mempool and cheap LN payment channel fees. But what happens when the network gets conjested again with the large influx of people flocking to Bitcoin, what will be the plan then? Both LN payment channels and on chain transactions will be through the roof.

pic related

LTC mooning soon

Prepare for LTC mooning.

>Bitcoin segwit will make people flock to LTC
>On the day of segwit, MIT releases new litecoin technology: http://litecoin.mit.edu/

b-b-ut anon, any MIT student can make a page like that, it's probably a joke!

Reminder that it was MIT students that invented the lightning network:
https://lightning.network/

B-b-b-b-b-but anon I'm still not convinced! Well, Charlie Lee says it's pretty likely.
https://twitter.com/satoshilite/status/877746201004621825

Buy LTC and HODL. It'll go to 200$ in the next 3 weeks. You can thank me later.