https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 703. (Read 704406 times)
also please read this, im not saying this is right or wrong, im just saying check it out
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
http://veekyforums.com/thread/3186191/business/the-lighting-network-requires-a-subscription-fee.html
yea i do, ive been sayin things like this will happen for past 3weeks...
if is its true , how would you feel?
heres a comment from a reader.
likeme
Blockstream now has SegWit jammed into BTC and it can't be removed, next they're going to lower the blocksize and force everyone into SegWit transactions and LN so everyone is stuck using bank-run LN hubs because they're the only ones "cheap" enough to send a transaction under $1,000
You will pay a sub fee, submit to AML/KYC, and pay your fees to bankers instead of miners.
Enjoy your new shitcoin, should have bought Cash.
another reader,
the idea that you pay a monthly bill to blockstream instead of paying per transaction is *really* bad. do you need me to explain why? it's not the "same thing."
another...Requires locking funds into a payment channel, like a bank account
Funds stay locked up until you pay to close the channel, like a bank account
Fees go to channel provider, who is most likely a bank, banking 2.0
Provider can force channels closed, require registration, AML/KYC, fully vulnerable to government confiscation
[–]luke-jrLuke Dashjr - Bitcoin Core Developer 29 points 10 hours ago
In the short term, Lightning should reduce on-chain fees significantly.
Essentially they become subscription fees to use Bitcoin, rather than per-transaction fees.
yea i do, ive been sayin things like this will happen for past 3weeks...
if is its true , how would you feel?
heres a comment from a reader.
likeme
Blockstream now has SegWit jammed into BTC and it can't be removed, next they're going to lower the blocksize and force everyone into SegWit transactions and LN so everyone is stuck using bank-run LN hubs because they're the only ones "cheap" enough to send a transaction under $1,000
You will pay a sub fee, submit to AML/KYC, and pay your fees to bankers instead of miners.
Enjoy your new shitcoin, should have bought Cash.
another reader,
the idea that you pay a monthly bill to blockstream instead of paying per transaction is *really* bad. do you need me to explain why? it's not the "same thing."
another...Requires locking funds into a payment channel, like a bank account
Funds stay locked up until you pay to close the channel, like a bank account
Fees go to channel provider, who is most likely a bank, banking 2.0
Provider can force channels closed, require registration, AML/KYC, fully vulnerable to government confiscation
[–]luke-jrLuke Dashjr - Bitcoin Core Developer 29 points 10 hours ago
In the short term, Lightning should reduce on-chain fees significantly.
Essentially they become subscription fees to use Bitcoin, rather than per-transaction fees.
In case anyone try to enforce anything like that (maybe by spamming the network as usual), this will be the market reaction in a matter of hours:
bch me btc
2 blocks found and the resulting unconfirmed transactions are immediately climbing above 70k
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
You won't see a massive drop everyone is still using legacy addresses still but new wallet addresses will start being segwit ones and only then will you see any effect from this
Segwit was more about fixing security issues that allow for greater improvements than scaling the scaling benefit is just a bonus
bro...wait a sec...really...
so lets say in a yr or more...if i want to move cold storage btc to a new wallet...then it becomes segshit?
No not if you keep using a legacy address 1xxxxxxxxx....xxx to make it segwit it needs to go to a segwit address 3xxxxxx...xxx
If you carry on with a 1x address your transactions will be stored in blocks exactly the same as they are on BCH
My cold storage will always remain in a 1x legacy address and I will use a 3x segwit address for everyday usage
ive got a bunch mined from 2011, never been touched, never plan to move them (+the bch i got with them)
i still wont ever use segblockcore addresses, giving blockstream a cut..no thanks, rather not use slow lbtc, better off using bch
Where do you get that blockstream gets a cut from a segwit address/transaction all segwit does is kind of rearrange the blocks to make them more efficient I think you have a lot of misconceptions as to what's really happening been reading too much fud from the BCH team
Is there any end to the rising fees? I won't move BTC because of the cost, I use LTC and ETH to move because it's cheap, soon BCH.
my point exactly...no the fees will only go one way...up, and things will get much slower soon too, its part of the plan by core, they being doing this for a while now,
you are forced into segshit, an alt or the real bitcoin bch
Dear Bitcoin: I’m Sorry, Fees Will Rise, Blockstream developer Rusty Russell paints a dark picture for the world’s first great cryptocurrency. He praises the benefit of a decentralized payment system, but insists it will never scale, saying that “Bitcoin fees are only going to rise from now on. Plan on it.”
Is there any end to the rising fees? I won't move BTC because of the cost, I use LTC and ETH to move because it's cheap, soon BCH.
2 blocks found and the resulting unconfirmed transactions are immediately climbing above 70k
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
You won't see a massive drop everyone is still using legacy addresses still but new wallet addresses will start being segwit ones and only then will you see any effect from this
Segwit was more about fixing security issues that allow for greater improvements than scaling the scaling benefit is just a bonus
bro...wait a sec...really...
so lets say in a yr or more...if i want to move cold storage btc to a new wallet...then it becomes segshit?
No not if you keep using a legacy address 1xxxxxxxxx....xxx to make it segwit it needs to go to a segwit address 3xxxxxx...xxx
If you carry on with a 1x address your transactions will be stored in blocks exactly the same as they are on BCH
My cold storage will always remain in a 1x legacy address and I will use a 3x segwit address for everyday usage
ive got a bunch mined from 2011, never been touched, never plan to move them (+the bch i got with them)
i still wont ever use segblockcore addresses, giving blockstream a cut..no thanks, rather not use slow lbtc, better off using bch
so has anyone put together estimated figures for the amount of bcash still locked up? xapo, bitstamp, coinbase, gemini, it must add up to over a million easily.
2 blocks found and the resulting unconfirmed transactions are immediately climbing above 70k
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
You won't see a massive drop everyone is still using legacy addresses still but new wallet addresses will start being segwit ones and only then will you see any effect from this
Segwit was more about fixing security issues that allow for greater improvements than scaling the scaling benefit is just a bonus
bro...wait a sec...really...
so lets say in a yr or more...if i want to move cold storage btc to a new wallet...then it becomes segshit?
No not if you keep using a legacy address 1xxxxxxxxx....xxx to make it segwit it needs to go to a segwit address 3xxxxxx...xxx
If you carry on with a 1x address your transactions will be stored in blocks exactly the same as they are on BCH
My cold storage will always remain in a 1x legacy address and I will use a 3x segwit address for everyday usage
2 blocks found and the resulting unconfirmed transactions are immediately climbing above 70k
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
You won't see a massive drop everyone is still using legacy addresses still but new wallet addresses will start being segwit ones and only then will you see any effect from this
Segwit was more about fixing security issues that allow for greater improvements than scaling the scaling benefit is just a bonus
bro...wait a sec...really...
so lets say in a yr or more...if i want to move cold storage btc to a new wallet...then it becomes segshit?
2 blocks found and the resulting unconfirmed transactions are immediately climbing above 70k
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
You won't see a massive drop everyone is still using legacy addresses still but new wallet addresses will start being segwit ones and only then will you see any effect from this
Segwit was more about fixing security issues that allow for greater improvements than scaling the scaling benefit is just a bonus
...
I have no idea why the sudden divergence in profitability. Anyone?
...
I have no idea why the sudden divergence in profitability. Anyone?
...
Antpool mining empty blocks again
Is that a big problem? If there will be more services, there will be more transactions, just give it more time
i prob one of the few that is either mad or genius lol
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
Suuure, how many times now have you sold all your real btc.
Keep digging.
im not stupid , need to rinse and repeat segwitters alot , just like they trying to do to bch
dif now is, before i used to hodl btc and hardly trade it, i used to want to accumulate it,
now i dont hodl much, i trade it , to make more bch so i can hodl em
2 blocks found and the resulting unconfirmed transactions are immediately climbing above 70k
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
^ what was that tek...did you say something 
I think your really a secret BTC hoarder and just trying to drive price down to get them cheaper it's okay to admit if you ever feel you have made the wrong choice
i prob one of the few that is either mad or genius lol
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
Suuure, how many times now have you sold all your real btc.
Keep digging.
^ what was that tek...did you say something
lols, tek i know waht you have been saying...but problem is, blockstream & co have been and still are making Lbtc slow and expnsive to use for all..forcing users onto segshit.
lols, tek i know waht you have been saying...but problem is, blockstream & co have been and still are making Lbtc slow and expnsive to use for all..forcing users onto segshit.
i prob one of the few that is either mad or genius lol
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
You don't have any seg coins unless you moved all your BTC to a segwit wallet you will still have a legacy wallet and coins
i prob one of the few that is either mad or genius lol
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
everytime i see bch pushed into a corner and people think its doomed...i buy more
(hoping for my $4600 sell orders of seg to go through aswell)
...
I have no idea why the sudden divergence in profitability. Anyone?
...
I have no idea why the sudden divergence in profitability. Anyone?
...
Antpool mining empty blocks again
With these often swings between chains is slowly lowering the BTC difficulty which means the BCH chain needs to run at a lower and lower difficulty just to remain profitable.
It will get to the point where the BCH difficulty is so low to remain profitable especially if the BTC value keeps increasing that they will be a easy target for any miner that wants to do malicious things
There basically backing themselves into a corner just hoping no one gives them a beating
I'm adding services on the OP.
If you have some services that are using Bitcoin Cash, I can add them.
They must give at least the impression that there is some kind of work behind them. I will not add every random frontpage website created in few hours.
If you have some services that are using Bitcoin Cash, I can add them.
They must give at least the impression that there is some kind of work behind them. I will not add every random frontpage website created in few hours.
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