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File: 94 KB, 730x438, BCashVsBTCLegacy.jpg [View same] [iqdb] [saucenao] [google]
9738327 No.9738327 [Reply] [Original]

No memes please. I'm fairly new to this market (December buyer) and I just want to see both sides of this argument represented fairly.

What do BCash proponents believe? What do BTC proponents believe? Why is there so much hate for Roger Ver? He seems like a pretty mundane character when I see him talk, why is he so hated?

Let's settle the debate once and for all, why do these two communities hate each other so much?

>> No.9738345

Bitcoin Will always > Bitcoin Cash.

>> No.9738352

Oh, for the love of Christ, my ID is Jew. Guess I'll have to wait for this thread to expire and start another one later to get any decent discussion.

>> No.9738354

>>9738327
>December buyer
wow that must suck

>> No.9738356

b cash

>> No.9738375

>>9738352
ever more than Jew you have the chemical symbol for gold

so it's pu(r)e jew Gold(Au)

you are the chosen one. dont waste it

>> No.9738377

>>9738352
>pueJewAu
poo Jew

kek

but yeah BCH is Vet's lil PND scam collab w Coinbase, one-time deal, it's why CB had to reject XRP's crazy bribe, they had to sell it

>> No.9738381

>>9738377
Ver's

>> No.9738384

>>9738352
>>9738327
look at this fucking jew

also b cash is the real bitcoin and satoshi has 10% of both and on the day of reckoning he will market sell his core and buy b cash and the prophecy will be fulfilled

>> No.9738385

You guys are fighting over scraps. BCH is better than BTC by a decent amount but both coins ultimately cannot compete with XRP and EOS. Its possible that BCH can maybe become make a niche comeback if it becomes a privacy coin with some basic dapps functionality for shitty dapps then MAYBE there is hope.

Otherwise both coins suck.

>> No.9738386
File: 281 KB, 600x555, 1524448259597.png [View same] [iqdb] [saucenao] [google]
9738386

>>9738327
>pueJewAu
mmm yes goys, sell your bcash immediately

>> No.9738392

>Can we please have a sane debate?
No. And that's exactly what you want.

>> No.9738393

>>9738327
My big problem with BTC is that at this point it doesn't offer much more than the blockchain, which is a technology no one is really interested in anymore. It will also never be used as an actual currency. BCash can be.

>> No.9738395

Bitcoin "Satoshi's original vision; Peer to Peer Electronic" Cash

>> No.9738396

>>9738327
Sup, Pure Jew Gold?

>> No.9738416
File: 1.04 MB, 800x597, 78654783786.gif [View same] [iqdb] [saucenao] [google]
9738416

>>9738327

>purJewAu

one of the best IDs i've seen desu

>> No.9738627

>>9738327
>What do BCash proponents believe?
I just want to use bitcoin.

>Why is there so much hate for Roger Ver?
He's a cringey randroid. There's also Craig Wright who's a massive narcissist. I don't why anyone voluntarily associates with him at all.

>> No.9738906

BRAAAAAAAAAAAP!

>> No.9738959

>>9738327
0xBTC you fucking limey! Don't be a scalawag.

>> No.9739828

>>9738327
non-bitcoiner here

BTC is run buy blockstream who are hijacking the network for profit through lightning network. BCH is run by chinks that can't be trusted. both sides are pure cancer but BCH scales better for current network usage and is closer to the original white paper.

>> No.9739835

Bitcoin CASH

>> No.9739845
File: 151 KB, 506x443, 1527296510194.png [View same] [iqdb] [saucenao] [google]
9739845

0xBTC

>> No.9739992
File: 1.10 MB, 3840x2160, Screenshot_20180604-070748.png [View same] [iqdb] [saucenao] [google]
9739992

>> No.9739995

>>9739992
>quoting the dude who unironically thinks the earth is flat

>> No.9739998

>pure jew
top fucking kek

>> No.9740002

>>9738375
This comment needs more praise

>> No.9740022

>>9738327
I am a BTC maximalist. I have used it to buy and i hold to invest. The criticism that its slow is valid, but personally I’m fine with it since litecoin exists and has characteristic speed of other electronic payments such as credit/debit. Traditional investments like stocks that are buy and hold are slow to liquidate and BTC is more like that than cash money. While I don’t support hard forking, I realize the code is open source and its a free world and people can do what they want. So if you are pro cash or pro core it doesn’t matter to me one way or another, use what you want.

>> No.9740056

>>9738327
bch is heavily influenced by miners and thus favors onchain scaling solutions (increasing block size) so miners get more fees
That mining group is known for making forks just for money, as can also be seen with Monero, where that mining group released a "classic" fork for it after Monero blocked ASIC mining
btc is heavily influenced by a group which favors offchain scaling solutions like Lightning Network and is resistant to raising the block size, to the point of frustration during the late 2017 bull run when fees drastically rose
BCH draws a lot of hate due to the abrasive personalities of some of their leading members, along with owning several domains/accounts related to Bitcoin, which has caused widespread confusion with users sending bch instead of btc.

As for what I personally use, I use Ethereum and Bitcoin. bch simply doesn't have enough volume and trading pairs compared to the two above coins. If you want to hedge against the death of Bitcoin, Ethereum's a far better choice since it's not merely a fork of btc with larger blocks and has a much larger dev ecosystem.

>> No.9740103

>>9740056
I think both BTC and BCH are basically dead, neither have much security anymore due to chinese miners, BTC development is too disorganized to react to threats or problems. BCH backers are malicious and exceptionally greedy, if they manage to destroy BTC I expect they will screw up sooner or later due to greed and send the crypto markets into a 5 years bear market as all institutional money abandons crypto.

>> No.9740117

>>9738352
Lmfao that ID

>> No.9740128

>>9739995
What? He's good for a laugh. Fucking hysterical desu. The absolute state of corecucks.

>> No.9740167
File: 149 KB, 369x361, 45282b2a5f6e017aebfac0f5ef7bfa2979c17fb5b84add21d75510887532a49f.png [View same] [iqdb] [saucenao] [google]
9740167

>>9738327
>Pure Jew Gold

>> No.9740198

>>9740056
>bch is heavily influenced by miners and thus favors onchain scaling solutions (increasing block size) so miners get more fees
Well if miners take more in fees and users pay less in fees then what's the problem?

>> No.9740353

>>9740198
They will only keep bcash fees low while BTC or another coin is dominant. As soon as bcash has a strong position and people relying on it they will squeeze everyone for fees. Their only goal is to maximize profits, now some people will say "won't they make more money long term if they behave?" but let me ask you this, would you prefer $10 billion in 2 years with no risk or $100 billion in 50 years on the condition bcash can stay relevant for decades.

>> No.9740366

>>9740353
At what point will you understand that the rational move for a self interested actor in a market with low barriers to entry is to provide the best and most reliable service to the customer they possibly can?

>> No.9740387

>>9740353
>They will only keep bcash fees low while BTC or another coin is dominant. As soon as bcash has a strong position and people relying on it they will squeeze everyone for fees.
Some butthole miner(s) will show up and start putting the low fee transactions into blocks that "they" refuse to do.

>> No.9740396
File: 15 KB, 251x242, 123124124.jpg [View same] [iqdb] [saucenao] [google]
9740396

>>9738327
>December buyer

these actually exist what in the fuck

>> No.9740403

>>9740366
The barrier to entry is not low, at this point you need millions to design and fab your own ASIC and to somehow find a power supply that lets you compete with free electricity provided by the chinese government. At the moment it's virtually impossible to enter the market, odds are the ones currently attempting to do so will be driven out in the same manner as the previous batch were.

To put things into perspective, recently bitmain is making more than nvidia, would you consider high end GPUs a market that is easy to enter?

>> No.9740435

>>9740403
> I understand literally nothing about mining the post.
k

>> No.9740498

>>9738375
I saw exactly this too. Am I autistic?

>> No.9740554

>>9740403
You don't need to make ASICs to mine.

>> No.9740558

>>9740435
Great job refuting anything I said, cashlet shills are very predictable, they avoid responding to all technical discussions at any cost.

>> No.9740577

>>9740554
You can't mine anything without ASICs at the current difficulties. CPU and GPU hashpower on SHA256 is effectively meaningless.

>> No.9740601

>>9740577
> without asics
> make asics
So you're extremely stupid, I know. But are you getting it yet?

>> No.9740605

>>9740577
You can buy ASICs.

>> No.9740843
File: 72 KB, 730x438, The road less traveled.jpg [View same] [iqdb] [saucenao] [google]
9740843

>>9738327
There is a third Choice OP.
Choose wisely

>> No.9740909

>>9738327
everyone hates bcash faggot, now go the fuck back to redd!t dipshit

>> No.9740944

>>9740909
no u
bcore? more like btrash xdddd
*dabs*

>> No.9740948

>>9740843
I'm already mining it bro. Keep it a secret.

>> No.9740963

>>9740498
aren't we all

>> No.9740986

>>9740605
Ahhahahah

>> No.9741020

Beggin for a sane debate in this neck of the woods. JEJ

0XBITCOIN IS KING YOU FUCK NIGS! UNIRONICALLY! ZIP YOUR SHIT, MARINES.

>> No.9741082
File: 25 KB, 618x434, 1514116505378.jpg [View same] [iqdb] [saucenao] [google]
9741082

BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH BTRASH

>> No.9741922
File: 16 KB, 745x253, bcashhypebtfo.png [View same] [iqdb] [saucenao] [google]
9741922

>> No.9742513
File: 176 KB, 1174x1430, pueJewAu.jpg [View same] [iqdb] [saucenao] [google]
9742513

>>9738327

For those late to the discussion.

>> No.9742556
File: 457 KB, 428x512, 1527967541952.png [View same] [iqdb] [saucenao] [google]
9742556

>>9738327
>No memes please

>> No.9742584

>>9738393
The problem is that BCore has no plans to improve the capabilities of the blockchain even though computer hardware and bandwidth has developed and will keep developing.

>> No.9742592
File: 69 KB, 1366x768, 1kewz.jpg [View same] [iqdb] [saucenao] [google]
9742592

>>9738327
someone put up a bounty to give roger ver a good beating and i'll do it..

he think's he's an mma/jujitsu expert, i'd cave that pretty boys face in within a second.

Of course he would promote bcash, he received the biggest single airdrop in the history of crypto..
it was in his interests to scam everyone, and cause all this, but all he did was CRASH THE ENTIRE CRYPTO MARKET trying to start a war bcash vs bitcoin.

Im a man of my word, Post a bounty and i'll be on the next flight to japan.

>> No.9742619
File: 195 KB, 2358x1268, BBullshit.jpg [View same] [iqdb] [saucenao] [google]
9742619

>>9738327
Gotta hand it to Rodger Ver.
Changes one number in line 12 of the code and bamm... millions of dollars..

>> No.9742621

>>9741922
How can this be? A furious dwarf and his billionaire chinese friend told me banks bought bitcoin and basically the illuminati control bitcoin core with an iron fist but they had no proofs and I needed to just trust them.

>> No.9742628

brings a whole new meaning to "Ya'll got 'Roger'd"

>> No.9742642

>>9738327
Today is the beginning of the end of bcash. This has been on the cards for months. If it wasn't artificially propped up by the likes of Ver, Ayre and Wright, it'd already be long gone.

>> No.9742655

>>9742619
This text makes no sense. It implies that LN is like a natural development for BTC and bigger blocks are a way to take control of the system. Everyone with half a brain understands that it's the other way around.

>> No.9742667

>>9742619
you mean billions.. he pulled a pretty big scam.
if anyone did what he did on wall st, they'd get life in prison.

you guys do realize the collusion between Roger Ver and the Weinerstiens, and their push to promote bcash, and at the same time bash bitcoin on CNBC.

Roger Ver is the a human equivalent of a penny stock pump email that spams you 5 times a day

>> No.9742681

>>9738327
Just buy both.
>Bitcoin is taken over by bilderberg
>BCH is a shitshow with a power hungry faggot steering the wheel.
Either one will probably win, or just do your research and realise that 19k was the ATH forever.

>> No.9742691

>>9742655
Bitcoin Core is not Bitcoin
Bitcoin Core is a fork of Bcash
BTCC

>> No.9742699

Bitcoin Core:
+ has ticker
+ has developers
+ has more hashing power (= bitcoin, as defined by the original whitepaper)
- controlled by Blockstream, itself funded by AXA insurances, the CEO of which is the Bilderberg chairman
- centralization of community outlets: the anonymous "theymos" is the sole owner of both bitcointalk and r/bitcoin
- censorship of dissenting opinions, to the point competing forks are DDoSed (bitcoinxt)
? onchain scaling is a physical impossibility longterm. however, blockstream had a vested interest in rentseeking from the start and may push their lightning network solution at the expense of more elegant models

Bitcoin Cash:
+ open community, without excessive moderation
+ works right now
- craig wright is a proven fraud, yet he's a figurehead in BCH
- ASICboost still exists, which hurts decentralization
- moving towards even more onchain scaling when current blocks are almost empty, bloating blockchain size and increasing centralization

Subjective assessment: both forks are corrupted. Bitcoin Core is a high-level con from bankster types, while Bitcoin Cash is a low-level con from mining cartels and con artists.

>> No.9742703

>>9742655
Both options have risks, it's possible to ignore or remove lightning network however, with bcash Jihan owns you for ever and there's no going back. Bitpay and Coinbase are in on it as well, they both want to offer centralized payment systems based around 0-conf transactions for small payments, their solution is more centralized than lightning network.

>> No.9742732

>>9742699
>Bitcoin Core:
>+ has ticker
/snip

https://thebitcoincore.org/

>> No.9742734

>>9742699
The AXA thing is kind of tinfoil hat tier, they own a minority stake in blockstream, other VC groups funded more earlier. Other than that seems fairly balanced, both have extreme development problems and conflicts of interest.

>> No.9742735

>>9742699
ASIC boost is a +, because it's good for the environment.
The block size is dynamic and ready for mass adoption unlike BTC which is ready for another public humiliation when people start using it again.

>> No.9742736

https://imgur.com/gallery/TrVtq

Do you guys know Roger Ver was connected to Mt.GOX also??

He needs to be permanently exiled from crypto, like.. a worldwide government enforced ban.

>> No.9742762

>>9742703
They will be the entities controlling the supply while offering a low tx fee p2p electronic cash service that actually works.
Mining is a free market and most of the Bitcoin have already been mined anyway.
Them controlling the currency is a better outcome than the current situation where nobody really uses cryptos and nerds keep arguing what will be the perfect solution for utopia.

>> No.9742785

>>9742762
>Them controlling the currency is a better outcome
Seriously think about what you just said and think about why crypto was made in the first place.
So you'd trade central banks for Roger Ver?
I'll pass... BTC all day long

>> No.9742800

>>9742762
May as well just use ripple or paypal if you don't care about trustless decentralized crypto.

>> No.9742815

>>9742785
I would trade central banks for Kim Kardashian if I could.
The problem is that I don't have the choice. Once a real big shift happens, people will see what's possible and true decentralized solutions will have a chance.

>> No.9742834

>>9742800
How is BCH not trustless?
The only thing that wouldn't be decentralized is the supply of the last 4 million Bitcoin. Even that might not be the case.

>> No.9742872

Smells like circumcision

>> No.9742882

>>9742815
>I would trade central banks for Kim Kardashian if I could.
Well there is your problem.
Central banks are bad and so is Kim Kardashian and so is Roger Ver.

Dude make multi millions in Crypto and what does he do? He trys and destroy the thing and the community that made him a millionaire.
...for some more money. Did you forget his other two failed forks that people lost money on ?
I'll take decentralization over King or Queen ego or the Fed, thanks.
He'd kill innocents if there was enough money in it. He's scum.

>> No.9742905

>>9742882
This

>> No.9742926

>>9742834
Bitpay want to sell 0 conf systems to merchants where they basically authenticate the transaction before it goes on chain because BCH 10 min blocktime is far too slow for real world retail use, its fucking stupid as you're paying miners and bitpay fees to do the same job. Jihan already controls well over 51% of BCH mining you have to trust him with all your money in BCH, him or the chinese gov can screw with any transactions they want to and you can't do anything.

>> No.9742928

>>9738327
>Jew
That ID

>> No.9742932

>>9742882
I'm all for Decentralization, but it comes step by step with compromises. Right now crypto is a bunch of nerds arguing which ponzi is the best. Governments don't even bother banning cryptos because they see no real threat.
To Kickstart the revolution we need strong political power what Bitmain seems to have.
Once we have traded an evil for a lesser evil, we can go forward.

>> No.9742968

>>9742932
You only say that because you haven't suffered under oligarchs and communists, I can assure you Bitmain would be far worse than any western banking system you have dealt with.

>> No.9742979
File: 122 KB, 1199x365, Sathoshi 2nd Layer.jpg [View same] [iqdb] [saucenao] [google]
9742979

>>9742968
Exactly

>> No.9743004

>sane debate
>/biz

choose only one. and buy 0xBTC

>> No.9743007

>>9738327

both sides fucking suck. they've shit all over satoshi's creation as well as his/her/their vision set out in the original whitepaper. there is so much drama and shitty things done from both sides over the years that I couldn't possibly begin to list them here. the king is dead, and has not designated anyone to inherit his kingdom.

>> No.9743065

>>9742979
This post is from 2010 and BCH proves that it is possible to scale onchain with new tech.
>>9742968
Can you bring examples of what would happen? To me it seems it would be the ultimate liberal market.

>> No.9743104
File: 27 KB, 527x378, Microsoft on BCash.png [View same] [iqdb] [saucenao] [google]
9743104

>>9743065
Uh huh
You and Roger Ver know better about scaling than Microsoft..
Even if Roger Ver was right, he made his coin through collusion with miners and exchanges.
He and his team already fucked BTC with their spamming the chain with transactions. BTC made them millionaires, their answer ? Fuck EVERYONE involved.
What do you think BCH would do if they actually achieved any sort of financial power ?

Why don't you ask Mr. Craig "I got more money than your whole country"...

Fuck these guys. Increasing the block size can be done in 5 minutes. BTCC just did it. 8mb blocks. So what..

>> No.9743214

>>9743104
It's not so hard to spam it when the max onchain capacity is 7 tx/s without a plan to upgrade it.
Doesn't it make sense to you to just increase block size gradually with the growth of adoption and technological development? Do you really expect Stacy to learn about making LN links? Really?
why do you guys keep talking about Roger is beyond me.

>> No.9743247

>>9743214
Jesus man, because increasing the block size ends up with less decentralization.
There needs to be a second layer. How big does the block need to be to do millions of transactions per second ? get it ?

Listen I trade and have traded BTC is 2secs for years now... Guess how ?
I have a coinbase account and my friends all do. Alot of retailers do too. I send the BTC to their email address on Coinbase and literally in 2 seconds they have their BTC.
Now extrapolate that with 1000s of interconnected exchanges and individuals..
That's how Visa works. Settlement takes days.
That's why they use settlement layers.

>> No.9743303

>>9743247
I'm saying that we don't need million of tx per second right now. Do you think that terabyte blocks will be science fiction in the next 15 years?
Even if crypto explodes suddenly very fast, why would you cap the main chain at 7 tx/s? It just doesn't make sense. Currently BCH can handle 200 tx/s without centralizing shit.
You can add a 2nd layer if there's an actual demand for it.

>> No.9743367

>>9738352
Pure Jew gold. Cant make this shit up.

>> No.9743388

>>9743303
>Do you think that terabyte blocks will be science fiction in the next 15 years
Yes I do, because the tech needed for it will put the settlement on chain in very few hands.
We need settlement layers all over the world, in every third world country.
BCH is much more centralized than Bitcoin.
There is already a need for 2nd layer.
Buying coffee with BTC should be on a settlement layer.
If the goal is 10% of the world doing 5 transactions a day, that's 3,5 billion transactions a day. Just increasing the block size will not work at all even slightly.

Then you say, you can add 2nd layer like snapping your fingers, easy peasy. If it is so easy why is lightning taking such a long time ? Because it's not easy.
Shit, BCHs answer was to change the block size on line 12 of the BTC code... REVO-FUCKING-LUTIONARY!!! WOW

>> No.9743420
File: 227 KB, 436x512, ver.png [View same] [iqdb] [saucenao] [google]
9743420

>>9738327
>He seems like a pretty mundane character

>> No.9743505

>>9743388
It's not revolutionary, it's keeping it simple.
Miners currently can easily afford 8 TB hard drive for 150$ when they bought an ASIC miner for 2k$.
You really think the affordable hard drive won't double every year?
>There is already a need for 2nd layer.
There wouldn't be if people used BCH.

BTC simply gave up with onchain scaling immediately with no legit reasoning. BCH is just compromising and taking the current scaled technology into account. For coffee and stuff you can pay with 0-Conf or whatever.

>> No.9743628

>>9743505
>BTC simply gave up with onchain scaling immediately with no legit reasoning
If Bitcoin is to be the revolution it promises to be, we are talking about scaling to orders of magnitude higher throughput than VISA.

There is no feasible way to create a widely distributed, agile, and censorship resistant network where every single node has to store the entire history of this enormous transaction potential.
It's impossible to do on chain and still have nodes.

>> No.9743830

>>9743628
You really expect to outgrow VISA in a short timescale when currently there are less than 7tx/s on BTC? Most people have problems understanding how simple wallets work, LN is just too complicated and limiting for it to actually scale.
Eventually we will hit a limit where the technology of storage and bandwidth will transcend the demand for transactions and keeping a copy of the whole blockchain won't be a big deal for a NEET.

>> No.9743869

>>9738385
>XRP
Only XRP bagholders are retarded enough to not know that the token itself is not going to be used for absolutely anything.

>> No.9743910

>>9743830
So you think large block sizes are the answer. You don't understand mining or nodes.The bigger the block size, the less nodes you get. Also you get serious centralization.

"What many don’t realize unless you look very closely at the current Bitcoin network, is that 1MB blocks are already resulting in security trade-offs that begin to compromise the robustness of the validation process.

Right now, many large miners use direct channels and rely only on the block header as a means of accepting valid blocks. Because of just 1MB of data, miners compromise validation (in albeit a seemingly minor way) in favor of expediency and begin mining the next block before validating the previous one.

This already puts large, institutional miners at an advantage if they can communicate directly with other large players. In this way, they both get a head start from faster relay, and don’t have to perform a full validation of new blocks. Now, maybe this is only a 1% cost advantage, maybe it’s 5%, but every single time we raise the network resource costs, the gap is worsened. Wal-Mart may only have a few percent advantage in their economy of scale distribution, but that small advantage puts tens of thousands of competitors out of business.:

On top of that is the privacy issue. In the US the government knows who you are by your BTC addresses. If you care about privacy, you care about off-chain layers.

"any are not aware of this, but the company Chainalysis has partnered with the IRS to identify and connect all bitcoin users with their addresses. The company claims to have reliable data on the owners of over 25% of all bitcoin balances on the network."

>> No.9743985

>>9743910
You can repeat this argument, but it's simply not true. 32MB blocks equates to blockchain growth of 1642.5 GB per year, assuming every single block is completely full. There are 2TB HDDs on Amazon for $60. 4TB for less than $100. This cost will only decrease as time goes on.
Your concern is legit, but way over dramatized.

>> No.9744021

>>9743985
>You can repeat this argument, but it's simply not true. 32MB
and the bandwidth ? and the centralization..
anyone it matters not.,
Lighting is on mainnet now. An Android Wallet is out. Bcash literally has a month or two of grace left.

https://play.google.com/store/apps/details?id=com.lightning.walletapp

Within 6 months, millions of people will be buying thier coffee with lighning for a tenth of a satoshi. They will be able to do it privately as well.. So yeah..
Bigger blocks for the win!

>> No.9744174

>>9744021
Cool, I'll try it out.
I guess we'll see.

>> No.9744233

>>9744174
Brand new but this is how fast it is. It's instant.

>> No.9744245

>>9744174
found a BAD video.. but anyway.
This is live on mainnet.
https://bitbargain.co.uk/pix/lndemo.mp4

>> No.9744350

>>9743505
>with no legit reasoning.
lies...

their reasoning was don't break shit right now we already have adoption. bcash was like we have to break shit right now... for adoption.
you should read more

>> No.9744470

This is all you need to know. Big Blocks win. It's been known from the beginning.

>> No.9744507

>>9738327
>Jew
no thanks

>> No.9744966

>>9744233
>>9744245
I downloaded the app and tried it out.
I can't open a new channel with any of the existing channels on the list, they all give some error.
How would I go about creating a new channel with myself using 2 separate devices?

>> No.9745094

>>9744966
I almost got it to work with a few existing channels.
So opening a channel costs minimum 250000 sats, which is 17$. And supposedly the channel gets opened with some number of confirmations?
So let's say I want to try out a new coffeshop with LN. First I have to open basically a 17$ tab, wait for it to confirm like I would pay onchain anyway and then after that I can pay faster a few times.

But how is this private? The transaction for opening a channel is still from a BTC address to a BTC address?

>> No.9745386

rolling for ID

>> No.9745677

>>9745094
opening a channel takes an on chain transaction so yea like any tx you will need to wait for confirmation.
if you wanted to try out that coffee shop and you have no route from existing channels then yes you would have to open a channel
hopefully eventually you will be able to reach almost anyone through your existing channels, and you can refill them from other channels.
its private partly because its onion routed, so no matter who you send to or how many hops it takes, nobody in the middle can see where its going or where it came from.
that doesn't mean its monero private but still better than normal tx's.

>> No.9745720
File: 6 KB, 211x239, 1524153596066.png [View same] [iqdb] [saucenao] [google]
9745720

>>9738385
>XRP