/biz/ - Business & Finance

it is already integrated via lightning and bottlepay

>>16429221
bullish for square maybe. id buy some calls right now

Hes going to Africa to cripple them from ever growing. Top kek

>>16429219
>3 tx/s
>oh cool! lets use it!

>>16429219
that's the first some faggot ceo not trying to print his own money but actually adopt crypto wtf?

>>16429349
its 7

>>16429349
such a defeatist attitude... if there will be real economic demand the block size will be increased naturally with growing demand.

>>16429219
OK, serious question here, why the fuck is there suddenly such a huge interest in Africa? There are tons of projects and businesses exploring the idea of moving part or whole of operations to Africa. What the fuck is going on???

>>16429563
>such a defeatist attitude
pointing out the truth is defeatist now folks. the absolute state of corecucks

>>16429565
keynesian retardation mixed with neo con greed.
They think they can sell monkey consumers shit for profit.

>>16429568
it's not the truth and also there is no rule in the universe that says bitcoin has to remain at current block limit. bitcoin choose the small block approach because full blocks make block space valuable. this incentivizes better more economic means to interact with the blockchain.

>>16429565
Because the banking system is atrocious in Africa, also their currencies are crap. So Africans actually have an interest in adopting crypto.

Africa is like a flatened shitcoin: makes people think there is growth potential.

>>16429588
You need to make your investors believe that huge growth is still possible, Africa is under developped and population is planned to grow spectacularly. Never mind the fact niggers will probably fuck it up. It's time for companies to position themselves, it's still "early".

>>16429349
dont be disingenuous, it doesnt make your point look any better:
7 tps at the settlement layer is fine for now.
visa only does settlement every 10 days or so (and only m-f 9-5)...thus if you compare apples-to-apples their settlement rate isn't much higher in practice.

>>16429219
>>16429565
They want to destroy the planet.

Imagine if Africa consumed like two or four times the amount of China.

>(Many consider Africa's population growth a bit frightening, with predictions placing the continent's population at 2.4 billion by 2050. By 2100, more than half of the world's growth is expected to come from Africa, reaching 4.1 billion people by 2100 to claim over 1/3 of the world's population)

The pollution will be end-of-the-world tier, the ocean fisheries will be depleted forever, the wars for resources will be catastrophic, the migrations will be like biblical plagues, and African stupidity will have a say in international politics.

Bye Bye planet Earth.


Instead of helping to "develop" Africa and bringing them to the neo-slavery of modern societies, we could have just let them be, like we do with so many natives in remote areas like the Amazonas, Papua New Guinea or the Andamans.
Why wouldn't the Africans be more happy living like the Masai or the San instead of living like Chinese wageslaves?

We "help" them because of the leftist version of the white man's burden.

>>16429700
>The pollution will be end-of-the-world tier, the ocean fisheries will be depleted forever, the wars for resources will be catastrophic, the migrations will be like biblical plagues, and African stupidity will have a say in international politics.
And good bye to all the incredible African fauna. Lions will become extinct in 30 years thanks to all of this.

>>16429219
yea all those africans who earn 1$/day wile LOVE spending 50 cent fees on every transaction.

BULLISH!

>>16429730
Layer two, you ding-dong.

>>16429744
Routing on Lightning cannot and never will work in a decentralized fashion.

>>16429754
>posts claim
>posts no proof
Sure thing senpai.

>>16429243
desu, they were poor already, but wait until they all hit lows of financial ruin they could not imagine.

>>16429700
Africa will destroy itself if left to its own devices. With the assistance from more developed countries, it will just about tick over. The only issue is if there is uncontrolled migration out of Africa, which would place a huge strain on western civilization.

>>16429766
Plenty of data is out there. These things are known facts among non-brainlets for 2 years now anon.

>>16429744
I don't know if you are defending segwit coin ironically or if you have lost faith in the entire pile of shit project (deliberate pile of shit- BLOCK stream hahahah) and this is the passion you can muster.

>>16429781
>Africa will destroy itself if left to its own devices
And that's the best thing that could ever happen.
For the world and for Europe to survive, Africa has to go back to the paleolithic, we have to SEND THEM BACK to the paleolithic.

>>16429791
so perfect for africa since they only need to route a few bucks.
it'll grow with demand, turn your brain on next time you post

>>16429767
They'll just laugh and walk away until the next wokestener throws nonsense at them

>>16429606
>probably

>>16429627
not to mention even if twitter added option for a custodial wallet for free micropayments that would still bolster adoption.

>>16429826
>being this much of a brainlet
Even payment of a couple cents don't have more than 85% success rate.
Atrociously bad even if all amounts had 85%

LN is a failed soiboy experiment designed by economic illiterates

>>16429791
Flawed dataset. My direct experience with Lightning these past two years is the literal opposite of your graph, and I trust my direct experience more than one single person's "data-driven" research.
>Another issue in Diar’s methodology is that it assumes the maximum transferrable amount is $490. Osuntokun has clarified that the maximum payment size on the Lightning Network currently stands at 4,294,967 satoshis – or about $260 at the time of writing.
>“By not removing channels which have a total capacity that’s less than the target amount to be sent, the results of the model are greatly skewed, as they include nonsense data points,” Osuntokun added.
Have you ever used Lightning?

>>16429797
So what exactly is wrong with Segwit?

>>16429754
doesn't really matter since layer one exit is trustless permisisonless and decentralized. also ln is non-custodial and trustless still.

>>16429847
if twitter is the ln hub between users it would be a 100% success rate you can be sure of that.

>>16429847
>LN is a failed
fuck do you know? you make baseless assumptions. the current shape pf the network is retarded but it will evolve on it's own.

>>16429847
so you take n attempts to route it, eventually it'll succeed. again, turn that brain on.

>>16429565
Africa has no existing infrastructure for this shit, and because no one gives a shit about it it’s a great testing ground

>>16429851
>>16429853
>the maximum transferrable amount is $490.
Or you could send any amount imaginable for less than a cent on one of the working bitcoin forks

>>16429858
Like I said earlier
>will never work in a decentralized fashion
If everybody has a channel with one meganode thats all but decentralized and not censorship resistant at all either

>>16429882
>working bitcoin forks
Insecure garbage, look at their hashrate.

>>16429882
for any serious amount you can just use on-chain sure. micropayments will be fine on ln.
>If everybody has a channel with one meganode thats all but decentralized and not censorship resistant at all either
there will be no one meganode but the max hops will most likely be under 4. and ln is not totally permissionless obviously

>>16429882
>If everybody has a channel with one meganode thats all but decentralized and not censorship resistant at all either
That's decentralzide. If a meganode goes down, the other ones can still link up. That's how the Internet works.

>>16429904
>>16429902
>>16429887
>>16429867
>>16429865
>>16429858
>>16429853
What are your primary sources of information about LN, BTC and so on?
srs will lurk

>>16429700
This level of pollution is already happening faggot

>>16429913
Two and a half years of direct experience with the network itself.

>>16429904
imo it's ineffective and not robust. ln will never be totally centralized nor will it form a star shape pattern like on picture b.

what i'm waiting for is the hubs ability to form shielded pools with ring signatures like some privacy coins do. that way insane amount of liquidity doesn't have to be locked in on these silly channels. the current ln channels are perfect for end users who want to spend mostly and for merchants that want to receive mostly. between hubs they kinda suck ass.

You don't have to use LN to integrate bitcoin micropayments. It can be done by using a bitcoin sidechain too. There already exists an open source sidechain technology.

>>16429962
there are lot of ways but even custodial service is more adoption than making your own shitcoin with it's own price discovery.

Africans won't touch segwit. Good luck

>>16429917
aka reddit

>>16429913

>>16430034
it's true right now the only way to make a payment system for africans is to work on pre-android phones even. top shelf smartphones can run an ln node sure, but that's not penetrating africa for a good while. they need a custodial service thy can access via a simple ui.

"Africans will define the future" Yah they will dance and hoot and holler atop the ashes of civilization after they destroy it like locusts

>>16430077
Yeah... India becoming a superpower sounds more believable

>>16429219
The Square Cash app already has a bitcoin fiat portal, dumbass.

>>16430056
You've shown that you don't know what makes Bitcoin secure at the base layer by recommending people use insecure shitforks, your opinion is void of experience and trash.
>>16429920
This is the only real and valid criticism in this entire thread of layer two.

Layer 2 cuckolds are a plague. God the level of autism crypto cuckolds is outstanding. Why the f would you use a ledger to not use the ledger? Smart contracts and thus payment channels ( which are just smart contracts )should not be used as a means to scale the core ledger functuonality of a protocol. Instead they should be used as a way to automate actions and add additional functionality using the core security.

Most brain Chads like big blocks, and I can't wait to shove my big blocks in your teeny weeny little node.

We pray to kek.

kek

>>16430381
based

>>16429700
Because markets are always in need of growing, if they dont grow, a crash is inminent, thats why there is an economic war between USA, the EU and China, markets are NOT growing.

>>16430377
corecucks are in for a surprise.

>>16429565
The exploiting of cheap labor in China, India and Southeast asia is no longer profitable, and more costly than it once was. everything is moving to africa now where the market is ripe for abuse and exploitation. just a guess.

>>16430458
based, outsourcing and cheap labour are the reasons

REPEAT AFTER ME: PLEASE PUMP MY BAGS MR BLACK MAN.

>>16429219
Oy vey I like those numbers

>>16430458
basically, china and india are looking to come up and they can't outsource work to themselves.