/biz/ - Business & Finance

>>50979162
I've been saying this for years

wait. let me guess. big blocks, right?

>>50979258
I don't fucking know, all I know is Lightning sure isn't it, it's dogshit lmao HAHAHAHA

Lightning on my android Phoenix wallet works flawlessly. Don't have to be online but once a week to realign.

>>50979162
let’s face it, btc, eth, the fabled icp bringing smart contracts to btc which is just a fancy multi sig, they’re all fucking failures

>>50979470
So whatever app you use does everything for you and basically to you it's a weekly credit card, sure sure. Just use an actual credit card then.

>meanwhile, in the real world

>a criminals wet dream
sounds based

>>50979470
That's not a lightning wallet.

Just use paypal

>>50979773
Yes.

>being your own bank is easy bro, just my ultracentralized shitcoin!

>>50979162
>requires you to be online 24/7
lol no, you can even transact completely offline, you can be online like once in a week (or more, it depends how long is the time lock)
>either centralised af via hubs or you must open and prepay dozens of channels to amazon, ebay, mom, dad, cousin, 6th cousin, 9th cousin, cornershop, supermarket....
loooool, you goddamn moron, LN transactions are routed, you don’t need to open a channel with anybody you want to transact with, your next hop will forward it to destination
>opening/closing channel expensive when BTC under load (current record ~$60 avg fees) so that you can afterwards do "cheap, casual payments"
Usually it costs between 3 and 20 cents
https://mempool.space/
BTC tx fee is decided by dynamic market fee, which is necessary to avoid spam and keep the blockchain to grow out of control
the bigger the chain, the higher the centralization
taproot allows merging multi-sig into single-sig
and channel openings can be batched (especially when cisa, cross input aggregation signatures will be rolled out)
if you cannot afford one transaction, there are fedimints (not directly controlled but great for privacy)
>3rd party system needing trust
loooool, you can open your own trustless channel and run your own node and your watchtower
there are several apps that can do this automatically and you just have to tap send / receive buttons
fully trustless
>regulators nightmare with coin movement losing traceability, a criminals wet dream
good, fuck you and fuck the state, if it was centralized and relying on 3rd party like you are saying (complete false) this wasn’t even possible, lol
>hubs nice target for hacks or DDoS
hacks? lol no, never even heard of hacks
ddos? sure, you are running a service, so use generic flood mitigations
>vulnerable to sybil attacks
in 2016 maybe, 6 year later there are tons of mitigations

kikestream intentionally destroyed bitcoin

>>50980343
Kinda sad how you're holding on for dear life to this broken system. If you want to use 3rd party systems like Lightning, just use Visa you know? :D

You talk a lot, but in the end you are cluess. A working system doesn't require 18 more months and then 18 more months and complexity upon more complexity and then 18 more months and then more complexity and then it still has major problems as several devs recently talked about.

Nothing is solved. LN doesn't work properly now and it never will.

>>50980384
they did nothing
they're also underfunded compared to most of crypto
LN capacity is also lower than the whirlpool mixer, an utter failure for state channels
blockstream isn't as loaded as you think
WBTC probably has 10 times more funding

>>50979322
All other options are worse. The LN is flawed but can be improved. The most important thing is having a secure base layer (bitcoin) on which you can build on.

>>50981445
holy fucking moron.

>>50981671
>>50981750
LN will never be a viable network (;

>>50979162
this guy has no clue wtf he is talking about.

>>50980343
based lightning is not perfect but it's pretty damn good. it just needs more block space to scale or a few tricks like covenants and channel factories payment pools that unfold into non interactive channels...

>>50981925
it already is for like 80 million people.
problem is we can't do 1 billion yet.

>>50979258
Hell yeah, my melalin enriched friend. Bitcoin was always meant to scale on chain.

>>50983178
“Scaling” on chain means making BTC fragile, it increases the storage but most importantly the bandwidth required for full nodes to sync and operate
Take BSV as example:
-there are less than 10 full nodes left
-they are all on AWS or DigitalOcean
-operators keep shutting down cause the fees do not cover expenses
-it’s not reliable, it’s not robust, it requires too much bandwidth to sync the chain over satellite or ham radio
-it’s not censorship resistant (but hey, that was CSW plan all along)
-say bye bye to UASF, users relinquish decisional power about the protocol to third party, so if Craig wants to violate the protocol to steal Satoshi coins without keys there is nothing users can do to stop him
Clap clap, what a wonderful scaling solution…

Uhhh I just like get it out of Coinbase and there's no problem

>>50979162
no goy you can trust us

Uhh, Litecoin solves this.
Keep reinventing the wheel though, retards.

>>50981445
>>50981925
kek, why are you seething so much about LN? Rent free.

Lightning Jews still exist? Holy fuck