[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 1.44 MB, 1281x721, 1_e1G3nvXkkqOcQc5OzVzZ3A.png [View same] [iqdb] [saucenao] [google]

Give me one reason why you aren't using lightning network. Anonymous Tue Oct 13 18:44:41 2020 No.23251653 [Reply] [Original]

protip you can't

>>	Anonymous Tue Oct 13 18:46:39 2020 No.23251675 >>23251653 Because I only use Monero.

>>	Anonymous Tue Oct 13 18:46:47 2020 No.23251678 possible total loss

>>	Anonymous Tue Oct 13 18:59:30 2020 No.23251868 >>23251653 Lightning is much further along than people think.

>>	Anonymous Tue Oct 13 19:14:26 2020 No.23252144 >>23251868 Can you give me some examples of this? I want to buy Bitcoin but I am not convinced that this is the case.

>>	Anonymous Tue Oct 13 19:17:14 2020 No.23252187 strike needs to get to europe and LATAM first

>>	Anonymous Tue Oct 13 19:49:05 2020 No.23252727 >>23252144 https://youtu.be/ks1cfimx9m4

Anonymous Tue Oct 13 19:55:43 2020 No.23252844
File: 165 KB, 601x601, KlerosisSergeyComfirmed.jpg [View same] [iqdb] [saucenao] [google]

lightning fees dont go to Core (L1) miners. Lightning at 100% adoption makes bitcoin irrelevant and the blockstream kikes win. Thankfully i sold all my bitcoin for LINK before it gets taken over by blockstream or wraped into a Erc20 token and loses all purpose.

Anonymous Tue Oct 13 19:56:36 2020 No.23252867

>>23251868
This

Set up a lightning node with btcpayserver on an Intel nuc a few weeks ago. Super simple and even sets up a full node with tor support and lightning support. Opened several channels a few min later.

People don't care about lightning because it doesn't give them more gains. Same reason coinbase and other exchanges don't support it. Why would they bother implementing when most people don't give a shit about transaction speed. They care about whether it's going to 10x.

Lightning network will be perfectly ready when people actually want to use it.

>>	Anonymous Tue Oct 13 19:57:46 2020 No.23252897 >>23252844 how do you cucks imagine lightning working without l1? its just transaction batching bulk settlement.

>>	Anonymous Tue Oct 13 20:00:01 2020 No.23252955 Because I stopped using or even holding BTC several years ago.

Anonymous Tue Oct 13 20:03:09 2020 No.23253020

>>23251653
bitcoin is a confirmed scam retards check for yourself, the real bitcoin is Bitcoin SV (BSV). unfortunately the banks hijacked bitcoin and turned it into Bitcoin Core and also stole the ticker (BTC). just remember you can reply anything to this post, but craig wright will always be Satoshi Nakomota

>>	Anonymous Tue Oct 13 20:07:57 2020 No.23253114 >>23253020 nobody with a living braincell buys your shitcoin bags nigga give it up

>>	Anonymous Tue Oct 13 20:11:20 2020 No.23253182 >>23253114 ok ;(

>>	Anonymous Tue Oct 13 20:13:09 2020 No.23253222 >>23252897 >>23252727 These are so spot on. Why would Satoshi want a Layer 2 like lightning if it didn't fucking work.

>>	Anonymous Tue Oct 13 20:19:47 2020 No.23253345 >>23252867 That's based. I've heard that the newer implementations of btcpay server will allow a tor based website to be accessible to clearnet traffic.

>>	Anonymous Tue Oct 13 20:21:27 2020 No.23253375 >>23251653 I'll use it >in 18 months

>>	Anonymous Tue Oct 13 20:36:40 2020 No.23253637 >>23252727 sorry if I am being a brainlet, but could you describe exactly what is going on in this? So he's sending fiat from his bank to what exactly?

Anonymous Tue Oct 13 21:18:10 2020 No.23254344

>>23252844
Holy shit the level of retardation of big blockers
>The base layer is too bloated we need to raise the block size
>Lightning is gonna make the blocks empty even though it will never work we need to raise the block size
Make up your mind idiot

>>	Anonymous Tue Oct 13 21:19:08 2020 No.23254358 File: 51 KB, 369x552, 1556694947892.jpg [View same] [iqdb] [saucenao] [google] >>23251653 I only use Bitcoin and Monero.

>>	Anonymous Tue Oct 13 22:10:00 2020 No.23255106 File: 72 KB, 1024x576, howicum.jpg [View same] [iqdb] [saucenao] [google] Retards who don't know

Anonymous Tue Oct 13 23:15:04 2020 No.23255885

>>23253637
ACINQ funds channels for the Zap program to make it look like lightning is working. So he pays ACINQ through strype, and they open a lightning channel using his bitcoin address.
if you actually try to send anything anywhere other than to the ACINQ node you'll get "Unable to find a path" because lightning can't do two hops.

>>	Anonymous Tue Oct 13 23:16:37 2020 No.23255908 >>23251653 because no one is.

Anonymous Tue Oct 13 23:21:15 2020 No.23255970

>>23251653
because i tried it and it was a god awful abomination. i could not connect to the exit node to save my life. i would open a channel with a big node and try to send someone money who was connected to the same big node. kept getting incomplete chain errors. ill see yall in 18 months...

>>	Anonymous Tue Oct 13 23:49:37 2020 No.23256410 It didn't work and I lost $5 when I tried using it

>>	Anonymous Wed Oct 14 00:12:38 2020 No.23256734 it's too complicated for normies

>>	Anonymous Wed Oct 14 00:15:14 2020 No.23256760 >>23251653 Unironically what is bitcoin? Like, do people work on it? Who are they? Is it like a company?

>>	Anonymous Wed Oct 14 00:16:42 2020 No.23256779 >>23251653 >>23251868 Seeing how usable Lightning is now on BTC... Wasn't Ethereum supposed to have its own version of lightning, Raiden? I heard about it in 2017... It's been 3 years, is it usable now, or is there any news on its progress?

>>	Anonymous Wed Oct 14 00:21:05 2020 No.23256837 >>23252844 question: why cant we use BTC and BCH side by side? why can only one be valuable? i think BCH is better than lightning asa payment system and BTC as a store of value why would that not work?

>>	Anonymous Wed Oct 14 00:48:16 2020 No.23257130 >>23256837 They're juvenile idiots who use terms such as big blockers and bcash as response to criticism of their lack of innovation or improvement. They spend their lives circlejerking each other on reddit.

Anonymous Wed Oct 14 00:53:48 2020 No.23257205

>>23256837

I wish Roger had gone down this route with the Bitcoin.com wallet and added BSV/Paymail and LN/Segwit support. Someone just needs to make a wallet that uses all 3 of them. I'm sick of the gay debates and bickering. I want to use BTC as a store of value, I want to use BCH as anonymous cash and I want to use BSV for on-chain apps and micropayments

Anonymous Wed Oct 14 00:55:11 2020 No.23257220

>>23256837
I think that could work, but I see a few problems with it.

1. BTC has huge interest from miners. We tolerate (currently) the cost of this energy due to the perceived value this coin holds. Fidelity is legitimately researching whether it could work as a reserve currency. This potential will justify the high energy cost to most folks.

2. While I agree cheap payments are important, will people be persuaded to make payments over BCH when it also has a costly mining process but does not store value as well? Also, it is being squeezed by stable coins on the other flank and will only be further squeezed by stablecoins once ETH 2.0 eventually launches.

I still dream of the community somehow never having split in the first space and us just needing one coin. Unfortunate that it didnt work out that way.

It just seems like a rough road ahead for BCH even though I still do think the block size needs to be raised at some point on the BTC chain too. Otherwise, the whole world would not be able to open enough lightning channels.

>>	Anonymous Wed Oct 14 00:56:24 2020 No.23257230 Name a project that has made lightning easy to use other than stakenet.

>>	Anonymous Wed Oct 14 00:57:34 2020 No.23257246 >>23256734 https://youtu.be/Uqw-YzOb45E

>>	Anonymous Wed Oct 14 00:59:23 2020 No.23257271 >>23257230 https://cointelegraph.com/news/app-connects-bitcoin-and-lightning-payments-directly-to-your-bank-account

>>	Anonymous Wed Oct 14 01:01:45 2020 No.23257298 >>23257220 BCH could easily find a niche as a privacy coin especially considering how many mainstream crypto exchanges have it listed (Coinbase, Gemini, not sure about Kraken)

>>	Anonymous Wed Oct 14 01:09:12 2020 No.23257394 >>23257298 Not sure what the latest is with BCH's efforts there. Have they implemented some new privacy tech to compete with Monero?

>>	Anonymous Wed Oct 14 01:11:09 2020 No.23257415 File: 172 KB, 640x1136, 12B29909-A646-4B25-AA5F-99F1A6BBDB89.png [View same] [iqdb] [saucenao] [google] >>23253020 TurtleCoin is better than BSV

>>	Anonymous Wed Oct 14 01:11:37 2020 No.23257419 File: 703 KB, 1477x563, 1598404506183.png [View same] [iqdb] [saucenao] [google] >>23257205 store of value.....ahahahahahaha. anonymous cash........ahahahahahaha just accept bitCoin, the sooner you do, the more you will gain.

>>	Anonymous Wed Oct 14 01:14:28 2020 No.23257454 File: 16 KB, 1132x385, UNNNNNNN.jpg [View same] [iqdb] [saucenao] [google] >>23251653 Because UNN + ETH about to BTFO babby bittie forever

Anonymous Wed Oct 14 01:23:50 2020 No.23257579

>>23257298
Storing everything openly on chain forever on a bitcoin style crypto is not privacy. Lightning is more private for individual transactions than multiple rounds of coinjoin on chain, because over time your coinjoins degrade due to your participants or yourself fucking up. They sit there forever to be analyzed.
If you want privacy on chain use monero, not fucking shitty bcash

>>	Anonymous Wed Oct 14 01:55:56 2020 No.23257885 >>23251675 Unironically this

Anonymous Wed Oct 14 02:30:42 2020 No.23258245

>>23257394

I dont follow BCH as much but I know they've implemented Schnorr Signatures and there is a coinjoin-like service called CashShuffle. There's also stuff like SideShift.ai which works with pretty much every bitcoin fork. At the end of the day, the goal is to be able to cash out your grey/black market money, and BCH is accepted on Coinbase while Monero isn't and will never be.

>>23257579

>>	Anonymous Wed Oct 14 02:38:06 2020 No.23258321 >>23257220 >the community somehow never having split in the first space its called the nakamoto consensus which objectively determines what bitcoin is and cashies simply abandoned it

>>	Anonymous Wed Oct 14 02:40:06 2020 No.23258343 >>23258245 being able to guess and being able to legally prove are two entirely different things

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]