[ 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


View post   

File: 117 KB, 1200x630, 1502012831126.jpg [View same] [iqdb] [saucenao] [google]
6891840 No.6891840 [Reply] [Original]

There's no way.
It could only end in a long winter for cryptos so the earlier the better to minimize the damage:
https://www.youtube.com/watch?v=zqPlV83amzE&feature=youtu.be

>> No.6892247
File: 10 KB, 300x300, 1507259674652.png [View same] [iqdb] [saucenao] [google]
6892247

>>6891840
>LN will centralize bitcoin

People who believe this keep confusing the definitions of what's actually decentralized about bitcoin

bitcoin as a whole is a decentralized currency as in the ledger is distributed to all people on the network and is updated by all people on the network. Just because a secondary network is formed to allow 2 people to add up multiple transactions on a subledger using a node system that is later sent back to the main ledger doesn't make anything centralized at all. You have to be a fucking retard to think it does.

and those nodes cannot deny your payment. That's retarded. You don't have control of what your nodes allow or deny, that's up to the system itself. Just like every other fucking crypto node system. Its like people just make shit up about LN

yes wealthy people who have a lot of BTC will benefit from this. That's just how the game works. Yes they can dump all of their BTC and not run nodes randomly, but that won't hurt BTCs main network, just the LN. Why the fuck would they though?

>> No.6892412
File: 6 KB, 245x206, 1516109407001.png [View same] [iqdb] [saucenao] [google]
6892412

>>6892247
>and those nodes cannot deny your payment. That's retarded. You don't have control of what your nodes allow or deny, that's up to the system itself. Just like every other fucking crypto node system. Its like people just make shit up about LN
You are the retard. Once BTC will use only the LN, users will effectively be LOCKED OUT from their own coins. The hubs will turn into subscriptions, which could censor users if they please. Sure, the LN could be decentralized, but if ever BTC becomes popular the hubs will be banks - if they CHOOSE so. That's why it's hard to get this, it's elusive.

>> No.6892776
File: 62 KB, 1121x742, 1513004961348.jpg [View same] [iqdb] [saucenao] [google]
6892776

>>6892412
>once BTC will ONLY USE LN
that's not how that works, LN is an optional second layer and no one forces you to use it
>users locked out of their coins
I don't even know how you jumped to this conclusion
>The hubs will turn into subscriptions
you pay to open a channel, if you consider that a subscription then I guess it is?
>which could sensor users if they please
no they can't, that's not how this works. Yeah they'll just open up their LIGHTNING NETWORK.API and code into the mainframe not to allow certain transaction IDs, that's totally how this works!!!!1111
>if BTC becomes popular the hubs will be the banks
no they won't, not in any sense of what banks actually do, they will be nodes we route through with no control over what goes in and out, just like every other system with nodes in crypto

thanks for copy-pasting the video though, I get to hear that same garbage info twice because of you

>> No.6892838

>>6891840
No

Lightning network
it's happening

Everything else is die

>> No.6892903
File: 5 KB, 228x221, 1516109719001.jpg [View same] [iqdb] [saucenao] [google]
6892903

>>6892776
>that's not how that works, LN is an optional second layer and no one forces you to use it

>> No.6892956

>>6892903
man tripfags really do have braindamage