/biz/ - Business & Finance

>>19185087
but it already works now and is being adopted

>>19185087
newfag here
what does it mean?

>>19185098
Lightning is so irrelevant that doing a google search for "lightning stats" brings up nothing related to LN and talks about fucking sportsball stats. Absolutely pathetic.

https://lmgtfy.com/?q=lightning+stats

Literally a dying:
https://bitcoinvisuals.com/lightning

Lightning actual works pretty good these days, and there are more lightning nodes than full nodes for most other coins. Lightning nodes are almost about to overtake ethereum full nodes.

>>19185195
>lightning nodes

https://1ml.com/

Who cares capacity is falling. LN "nodes" are literal scams luring in retards.

>>19185187
Typical lightning is dying fud. Lightning is spreading like a virus and will destroy all payment coins competing with it
The reason you see the amount locked in going down is because every single wallet these days defaults to private unadvertised channels. You cannot know how much btc is in lightning because of its inherent privacy improvement over Bitcoin base layer

>>19185289

>top capacity channel 2.684354560 BTC

>>19185252
The fact you think capacity is falling is proof you don't even understand how lightning works, so you should shut the fuck up dumbass

>>19185098
it´s too complcated to use for the average guy. The everage dude thinks bitcoin is already complicated enough. Bitcoin is fundamentally flawed, and the only solution is a hard fork, but that would kill it lmao

>>19185087

They break down LN in the second paper. It wont solve the underlying problems.

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

>>19185317
wtf do you think capacity means?

>capacity a year ago 1,110 BTC
>now 904 BTC

This gay shit is failing, which makes perfect sense because all it does is lose people money.

https://news.bitcoin.com/mishap-sees-user-lose-30000-btc-on-lightning-network/

If you actually try and spend any amount over a few pennies there is a high chance your transaction will fail.

https://thenextweb.com/hardfork/2018/06/26/lighting-network-transactions/

Segshitters are unironically betting on this abortion of a network LMAO and all it does is allow banks to be a middleman in Bitcoin. You faggots are beyond retarded.

>>19185390
Bitcoin can work just fine without block subsidy.

>not even one GB size block
>almost an entire Bitcoin in fees

Scaling and sustained mining works just fine if you use the system Satoshi created. Remember we are over FIVE YEARS behind in this technology because of the restrictions Blockstream and others implemented into Bitcoin.

>>19185289
>>19185317
Sorry anon. I respect BTC but LN is doing badly. The numbers are bad, that's not controversial. I don't know where you're getting this cope about private wallets but no prominent bitcoiners are saying that.

>>19185444
PUBLIC CAPACITY. Nobody uses public channels anymore, wallets default to private, there is no need to advertise your channels

Payment fails are also outdated fud. Early on with no liquidity of course, but payments work great now with pretty much no issue

Even Poon abandoned the lightning network after co-authoring the whitepaper and realizing the scaling wont work out like it should and moved onto writing the plasma whitepaper with vitalik saying plasma will be everything LN was supposed to be and better. Lightning was fucked years ago but BTC maximalists, the dwindling supply, and manipulation are the only real reasons it is where it is right now. BTC might not be going anywhere soon but if you tribalistic fucking retards think LN is the end all be all then you will miss out on the potential google or Amazon of crypto because you were busy buying up AOL at the chance of a 10x from 9k.

Glhf dumbshits.

>>19185637
>n-no you j-just can't see the capacity i-it's really there you gotta believe me!
>haha that's totally outdated fud lightning works perfectly there's just no evidence of it which is why LN has a massive amount of adoption that literally no one can see

Segshitters are so fucked. Keep running that node for free, jannie.

>>19185087
There can be only one lightning

>>19185656
Bitcoin scales just fine. They literally broke it to put Lightning in and keep contemporary money changers in charge of the new money system or prevent it from ever coming to fruition. Either outcome works.

>>19185765
>over %1700 more in average fees since the start of the year
>prone to backlogs
>can't scale properly with or without LN
>$3-$4 in fees to send btc with 2-4 hour processing time in comparison to under 10 cents on ETH to send in under 2 minutes

It was fucked before segwit and will continue to be shittier over time. This isn't even an ETH circlejerk but the plain fact that BTC already got lapped multiple times by newer better tech.

>>19186024
Dude >>19185515

>>19186109
I get your point but imagine touching anything to do with that dumb faggot craig and putting your faith in a compulsive liar

I'm seriously not following here...
Can anyone try to catch me up like I'm ten?
I know what lightning is, but I don't see how lightning exchanges have anything to do with BTC.

>>19186238
>Craig

Who fucking knows man... but with BSV we're seeing clear results of the technology working properly and at 2GB blocks or less the network is maintainable and 2GB is still on the very low end of where this technology is going.

>>19185252
can XSN solution bring life to LN?

>>19185098
it's being abandoned because running lightning nodes isn't profitable

The only thing BTC is going to leave behind is its name. Every normie is going to say Bitcoin tot every crypto but BTC itself will be Dead in the ground by the time that happens.

>>19187127
Maximalists know this and cope hard over it. They don't care about crypto evolving into bigger better things. They only want to make BTC look like the best so they can make some weak in comparison gains.

BTC is in the nursing home already the only question is how long will it last.

>>19185113
NANO ftw

>>19185444
>Segshitters are unironically betting on this abortion of a network LMAO and all it does is allow banks to be a middleman in Bitcoin. You faggots are beyond retarded.
checking these trips of death
this was the plan all along. middlemen are no longer necessary

>>19185656
>BTC maximalists
the only ones left are the ones with big investments tied into the ecosystem and brainlets who bought in Dec 2017. those of us who got into BTC early, for ideological reasons, see BTC has become exactly what it was meant to destroy. most of us have moved on to coins that actually deliver the promise of being your own bank and actually having the ability to spend it in daily life.

can XSN solution bring life to LN?