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/biz/ - Business & Finance

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Anonymous Wed Jun 13 22:27:30 2018 No.9880520 [Reply] [Original]

The company that saved Bitcoin.

>>	Anonymous Wed Jun 13 22:27:52 2018 No.9880524 S

>>	Anonymous Wed Jun 13 22:28:22 2018 No.9880532 S

>>	Anonymous Wed Jun 13 22:30:46 2018 No.9880560 File: 368 KB, 2928x2928, CA805D29-5BEB-49DA-9517-04425991D67D.jpg [View same] [iqdb] [saucenao] [google] >>9880532 >go siir

>>	Anonymous Wed Jun 13 22:32:40 2018 No.9880583 >>9880532 that ID

>>	Anonymous Wed Jun 13 22:35:56 2018 No.9880622 >>9880532 Pajeet detected

>>	Anonymous Wed Jun 13 22:38:26 2018 No.9880647 >>9880520 Why Blockstream saved Bitcorn: https://www.youtube.com/watch?v=0BZoKH-hX_o award-winning documentary, watch it.

>>	Anonymous Wed Jun 13 22:40:37 2018 No.9880683 >>9880532 >pajeet id fucking kek

>>	Anonymous Wed Jun 13 22:42:03 2018 No.9880706 >>9880532 GO SIR

>>	Anonymous Wed Jun 13 22:58:35 2018 No.9880916 File: 234 KB, 1400x850, blockstream-to-launch-first-instant-settlement-sidechain-for-bitcoin-exchanges-1.png [View same] [iqdb] [saucenao] [google] I can't be the only one excited to get their Liquid™ node. BLOCKSTREAM = GODS

>>	Anonymous Wed Jun 13 23:04:45 2018 No.9880972 >>9880532 >Pajeet id >shilling for bcash lol

>>	Anonymous Wed Jun 13 23:42:36 2018 No.9881355 File: 957 KB, 3840x2160, B for Cash.jpg [View same] [iqdb] [saucenao] [google] >>9880647 was going to post this, good video

Anonymous Wed Jun 13 23:45:28 2018 No.9881389
File: 10 KB, 94x88, panic33.jpg [View same] [iqdb] [saucenao] [google]

>Lightning node goes offline
>can't receive funds
>Call up watchtower service to see if anything's wrong
>Didn't pay my BlockTower bill this month so BlockGuard is offline
>See someone trying to broadcast my channel in an old state
>call the BlockBank to see if anything can be done
>Tells me I can't legally close my account for another 5 days

OH NO NO NO NO

>>	Anonymous Wed Jun 13 23:49:51 2018 No.9881421 >>9881389 You dont pay a watchtower bill they compete independantly to collect fees. Any other questions?

>>	Anonymous Wed Jun 13 23:51:24 2018 No.9881441 File: 2.93 MB, 900x506, 1499567025210.webm [View same] [iqdb] [saucenao] [google]

Anonymous Thu Jun 14 00:12:44 2018 No.9881659

>>9881421
>solution to a problem that doesnt need to exist
>takes incentives away from miners who actually secure the network in the first place
>won't be incentive to mine bitcoin anymore, network fails

Also LN doesnt even fucking work and even if it did it's so fucking insecure applying it for real world commerce and storage is suicide tier. LNcoins are literally impossible to cold store, hope you fags enjoy getting mt. Goxxed every time a node is DDOS'd.

>>	Anonymous Thu Jun 14 00:41:50 2018 No.9881982 File: 1.21 MB, 896x504, diaper contest.webm [View same] [iqdb] [saucenao] [google] >>9881441

>>	Anonymous Thu Jun 14 00:48:30 2018 No.9882049 >>9881659 >LNcoins are literally impossible to cold store wtf. m8 get some sleep.

Anonymous Thu Jun 14 00:49:23 2018 No.9882058 [DELETED]

>>9880520
Shorting is the only way to make money in Crypto now. Shorting literally is the new paradigm of crypto. I’m going to spread this on Twitter, Facebook, YouTube everything everywhere. Everywhere and everyone, Short short short short short short!!!!! Short to -$0 !!! Until not even 1 penny is left and then the BTC ceo will owe me money :) Did you not hear that everyone is shorting now? Omg like shorting is brilliant! BTC will ofc go down forever. You didn’t think that it would stop going down did you? Didn’t you hear? $5k by end of minute, $4k by end of hour, $1k end of day, and triple digits back to sub $100 end of week!! Shorting is the best way to success!! I’m writing a book on shorting. Shorters, bears and bitmex foreverrrrrr and everrrrre!!! <3 xoxoxoxoxoxox hey guys do you like shorting? Because I like LOVE shorting! Omg I love shorting so much! I love talking about shorting the market and how much of a genius I am for posting brilliant ideas about being a silly bear and shorting hehe! I love it how shorting is backed by technology too. Shorting is a new paradigm! I’ll short forever and everrrr ;) Ive been shorting BTC this whole time. I’ve been teaching others and I’ve gotten my neighbors and coworkers into shorting the market and we are all making a lot of money together shorting BTC and Ethereum. I’m really popular now among my friends because I’m making so much money from shorting the market, a lot of them are making accounts in bitmex now because of me. I can’t wait for this bear market to continue for the next 5 years until I have enough money from shorting to buy a house and hopefully a nice car. Shorting is the best guaranteed way to make money in the longterm

>>	Anonymous Thu Jun 14 00:49:45 2018 No.9882063 >>9882049 >he thinks he can cold store his coins on LN oh no no no HAHAHAHAHA

>>	Anonymous Thu Jun 14 00:50:12 2018 No.9882069 File: 129 KB, 900x729, 589F18CB-E7C4-4B3C-9182-045407EAC185.png [View same] [iqdb] [saucenao] [google] >>9882049 >

>>	Anonymous Thu Jun 14 00:52:05 2018 No.9882095 >>9880916 So does this mean new liquid coins?

>>	Anonymous Thu Jun 14 00:56:57 2018 No.9882150 >>9882063 >>9882069 Pair of fucking retards posting nonsense word salad as usual. Enjoy getting dumped on by ver and his chink buddies.

>>	Anonymous Thu Jun 14 00:59:44 2018 No.9882187 >>9882150 How does blockstream cum taste, corecuck?

>>	Anonymous Thu Jun 14 01:00:47 2018 No.9882197 >>9882150 Please tell me how to cold store LNcoins, I'll wait.

Anonymous Thu Jun 14 01:01:33 2018 No.9882205

>Receiving Lightning funds

>In order to receive Lightning payments, some conditions must be met:

>Nothing can be received immediately after creating a new payment channel, as ‘room’ for incoming funds has to be made by spending some funds first. A payment channel can be thought of as a full bottle of water: in order to pour something in one first has to pour something out.

>Each channel implicitly contains a reserve which is unspendable and typically takes about 2% of the channel’s capacity. You must spend that reserve before receiving is allowed. Unspendable channel reserve is the reason you see a negative receive limit when a new channel is full. It indicates how much you need to spend before anything can be received through the channel.

>Every payment request is disposable, they can’t be fulfilled twice. So you will need to issue a new individual payment request for every incoming payment you wish to receive.

>Wallet needs to be online in order to receive off-chain funds.

ROFL.

If after reading this you still think LN works you are stupid beyond belief.

>>	Anonymous Thu Jun 14 01:06:19 2018 No.9882249 >>9882205 What an absolute fucking trian wreck.

>>	Anonymous Thu Jun 14 01:08:31 2018 No.9882268 >>9882205 HOW CAN THEY RUIN BITCOIN IN THIS WAY? WHY IS THIS ALLOWED?

Anonymous Thu Jun 14 01:09:25 2018 No.9882278
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>>9882205
Oh no no no, it’s you who are stupid. Normies will love every part of using the Lightning Network from setting up their Raspberry Pi, getting scammed due to a poor knowledge of payment mechanics and reserving 2% on each opened channel.

>>	Anonymous Thu Jun 14 01:11:24 2018 No.9882305 >>9882197 What the fuck are you talking about? Lightning uses bitcoin you dumb fuck not lightning coin or whatever shit lmao

>>	Anonymous Thu Jun 14 01:15:21 2018 No.9882355 >>9882305 >put your btc in a lighting channel >spend it like iou's (oldest jew trick in the book, no really) And you now cold store your LNcoin how?

>>	Anonymous Thu Jun 14 01:16:18 2018 No.9882364 >>9882278 Only after you buy your Liquid™ node. >>9880916

>>	Anonymous Thu Jun 14 01:26:04 2018 No.9882462 >>9882355 There is no "LNcoin". Lightning uses bitcoin. I know it sounds complicated but smart people will figure it out for you, all you'll have to worry about is where to buy tendies from.

>>	Anonymous Thu Jun 14 01:26:53 2018 No.9882469 >>9882462 > spend to get paid no thanks

>>	Anonymous Thu Jun 14 01:29:53 2018 No.9882497 File: 74 KB, 900x900, 1511193520385.jpg [View same] [iqdb] [saucenao] [google] >>9882462 This pajeet is getting desperate.

>>	Anonymous Thu Jun 14 01:30:24 2018 No.9882500 >>9882462 >receive iou on LN >cold store payments directly to where Still waiting for an answer.

>>	Anonymous Thu Jun 14 01:34:20 2018 No.9882543 >>9882500 Nonsensical questions don't have answers.

>>	Anonymous Thu Jun 14 01:40:04 2018 No.9882598 >>9882543 Makes perfect sense and is one of most attractive points of bitcoin. I can receive payments directly to a cold address on bch. Blocklets using LN cant. Enjoy your shit security. Actually dont, because LN doesnt even work anyway.

Anonymous Thu Jun 14 01:59:22 2018 No.9882786
File: 582 KB, 1282x822, bgassed.png [View same] [iqdb] [saucenao] [google]

post your face when Shorting is the only way to make money in Crypto now. Shorting literally is the new paradigm of crypto. I’m going to spread this on Twitter, Facebook, YouTube everything everywhere.

>>	Anonymous Thu Jun 14 02:23:25 2018 No.9882994 >>9880532 LETS GO SIRS

>>	Anonymous Thu Jun 14 02:45:59 2018 No.9883200 File: 179 KB, 532x385, dance still.webm [View same] [iqdb] [saucenao] [google] >>9882205

>>	Anonymous Thu Jun 14 03:07:47 2018 No.9883374 Someone fill me in: what is the point of decred if they're still going to rely on LN for scaling? are they fucking retarded?

Anonymous Thu Jun 14 03:20:55 2018 No.9883468

>>9881421

>independantly

Yes I have a question, if you can't spell simple words why shouldn't I assume your comprehension is just as poor?

Honestly champ I think you're not smart enough to realise you're confused by corporate propaganda, you shouldn't be listening to people in /r/bitcoin, they aren't there to help you.

>>	Anonymous Thu Jun 14 03:25:10 2018 No.9883497 File: 2.93 MB, 720x406, sexy thoughts.webm [View same] [iqdb] [saucenao] [google] >>9883374 what is decred? this is the first time ive heard it

>>	Anonymous Thu Jun 14 03:41:14 2018 No.9883594 >>9882305 Wrong you uneducated mongoloid, LN uses IOU's, it most definitely does not use Bitcoins.

>>	Anonymous Thu Jun 14 04:17:09 2018 No.9883800 >>9883497 I think all it offers is a different take on consensus. It also might incorporate DAGs, I could be wrong. However if it does use DAGs at all it's basically trash.

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