/biz/ - Business & Finance

Bitcoin cash!

>>9121514
>LN can work on bitcoin cash, don't belive the /r/bitcoin spiel. LN is a complete mess though and most likely will never work -- at least not in a decentralized way which was kinda the point of bitcoin.
Lightning Network requires SegWit to work at the moment and I BCH will never add support for SegWit.

Maybe LN will work with BCH in the future though. I know that the plan is to support all crypto.

Which makes it more funny since LN would actually reduce the value of Bitcoin since it boosts the usefulness of all altcoins...

>>9092675
btw where did you hear about the 30k BTC sum? as far as I've heard he's always careful to not tell anyone how many bitcoins he own so where did you get that number from?

>>8979329
>That is its strength
no, that's a flaw. this is why developers feel bitcoin have stagnated.

ETH was spawned because of bitcoins refusal to update and implement smart contracts. BCH was spawned because of bitcoins refusal to update and change their max block size.

there's been many developers that want to do stuff with bitcoin, take it further, but they get slapped in the face.

if BTC had just changed the max block size to 2 mb there would never have been a BCH and lightning could have been developed for another 5 years instead of being rushed out like this and causing total embarrassment and damaging BTC

thinking that no updates (no hard forks) = good is not thinking properly

remember that Lightning Network is not bitcoin-exclusive.

if LN were to succeed it would lower the value of bitcoin since the value of all other crypto coins increase

>>8925612
i exchanged all my BTC to BCH yesterday.
>times 10
>feels good man

gonna be fun once the rest starts waking up to how stagnated BTC is