/biz/ - Business & Finance

it doesnt work at all yet but its gonna be ready in 5 months? lol k want to make a bet?

70k in november

>>10328334
last i checked your chances of a random payment of more than $250 had a 1% chance of working

perty good you should just put all your BTC on LN right now its ready to go man. what could go wrong? you have the best devs after all

>2018 EOY
>Lightning Network is going to be ready in 5 more months

>Implying people wouldn't dump bitcoin core when they see how much of a failure lightning is

2017 Segwit was the scaling solution but did nothing.
2018 LN is the scaling solution but is never finished
2019 Supersonic hub??

It's a reason big parts of the market forked away from BTC to scale on it's own. Enjoy your science projects corecucks, your time is running out.

>Satoshi's design is impossible

>>10329070
segwit adoption is at around 80% now and fees are in the cents
what you talking about bro
segwit did a lot

>>10330153
Segwit may have taken some TX traffic, as you say 80% adoption now. Lighting will also take some TX traffic, but this is only for niche users and will never be adopted by everyone using BTC.

Offchain scaling is cool, it's just that you are being forced to use them if the skinny 1mb is filled continuously again.

Sorry, but BTC is just to shady with blockatream, all the core trolls, fake statements, "government acceptance" and censorship. All that was needed was a fucking lift on the max blocksize and the BCH fork would never happened and BTC would hate probably be at 50000-100000$ right now.

Meanwhile BCH is getting ready for world adoption.

>>10328334
Why lightning network is a bad idea even if all its issues were solved:

1. you have to set up your payment channel with on-chain transaction. if you have to deal with on-chain transactions anyway you might as well just scale up on-chain instead. if i go to a coffee shop that only have depleted lightning channels i have to make an on-chain transaction. a depleted customer channel will be that way forever unless the store decides to pay someone else through a customer's channel.

2. if someone else use your payment channel they can deplete your funds to a merchant. if there are no other channels, which is likely since otherwise your channel wouldn't be depleted, you now need another on-chain transaction to make a new channel or refund your old one. if you think this is wrong, check: https://youtu.be/pOZaLbUUZUs

3. if you have 1 BTC and open up four channels with 0.25 BTC on each channel it's impossible to send more than the unspent amount of BTC on that channel even though you own more than 0.25. likewise nobody can receive more BTC than the sum of all their channels (assuming all channels could find a path to the sender and that the right amount of BTC is available at the correct end of each channel).

4. the network will inevitably develop backbone nodes that nearly all transactions pass through (most likely just trusting each other to have the required funds to save time). this "solves" the routing problem but makes the whole thing completely centralized, just like internet is today with master backbone nodes.

5. once you put your crypto into a channel you're basically trapped in the system. it's designed so that you would never want to take it out. eventually there would be almost no in/out on the bitcoin blockchain and at that point bitcoin is essentially dead and you can be sure that there will be talks to just drop it completely in favor of some kind of issued lightning network token.

>>10331028
6. it's possible to make solutions for micropayment channels on-chain instead. someone just needs to figure out a way for the sender to be able to construct a transaction but he cannot broadcast it, the reciver on the other hand can't change the transaction but he is allowed to broadcast it. the payment channel is then either closed by the receiver with the latest state or it is closed by a timeout with a full refund to the sender.

7. bitcoin (cash) works for payments of all sizes today. there's no reason to reinvent the wheel. we don't live forever and every year we delay crypto adaption is another year the banks will adapt to instant online global payments. you think it's hard to on-board people with crypto today? good luck if banks offer the exact same user experience as crypto. when that happens the only perk crypto has is censorship resistance and most people just don't care if banks are convenient enough.

TL;DR i wouldn't want to use lightning even if it already worked flawlessly with BCH, BTC, ETH, LTC and whatever else.

>>10328334

LN is a meme.

>>10331040
yeah no any bank operated "crypto" will never be trusted, eg gov can inflate of sieze bank coin

Ln network whitepaper says it will need 133mb blocks for global adoption
why not scale on chain to 133mb blocks and then refuse to increase the blocksize

>blockchain
Enjoy your bags boomtards

>>10328393

>>10328350
>>10328393
>>10328627
>>10328976
>>10329070
>>10330115
>>10330465
>>10331028
>>10331040
>>10331080
>>10331225
>>10331229
>>10331288

The bagholders that Bitcoin Cash will create will fuel this board for years to come. It will make Link pale in comparison. Seriously, some of you will actually kill yourselves. Please post the videos when that happens.

>>10331638
le 0 value comment. keep thinking LN will magically start working if you want to. i get that you want to protect your investment but damn son.

>>10331638
Corecuck COPE is getting stronger

>>10331638
Good luck anon. Eventually someone is going to kill them self. Considering how stupid you are you should buy high quality rope just in case.

>>10332138
i approve because hot catgirl

more like core dead by end of year

Lightning won't be ready for another 18 months you fucking liar.

>>10331028
>>10331040
imagine taking the time to write this jumbled mess. proof cashclowns are insanely retarded.

Has anyone actually tried using Lightning? It's a mess... compare it to BCH and something like handcash... use both and see what I mean, don't take my word for it.

>>10328350
This. The apps dont even work. I tried 3 of them and i couldnt add funds to any of them. Just keeps saying "ammount to big or too small" even though its the correct amount. This shit is fucked and eventually people are going to catch on and when the cat is out of the bag i wouldnt want to get stuck holding that trash.

>cashchads just don't care
>corecucks coping daily

I own equal amounts of both, but every day I get closer to being a cashchad

If you need to use LN, just use nano instead.