Take a breath Aliashraf. ...
I'm cool. Mind your business. Quote
DoomMad's point about attempting to get x20 on lightning for every on chain transaction is particularly interesting..
x20 is a lot, but not enough to sort us out to VISA levels.. but if you then throw in the Channel Factories...
Channel factories allow you to create the Lightning channels without going on chain. So we might expect 20 Lightning channels from a single Channel factory.. and 20 transactions from each Lightning Channel, before requiring an on-chain transaction.
Now we have x20 x20 = x400.
So the current 10 txn/s on Bitcoin, with nothing more than clever scripting, could actually represent 4000 txn/s off chain.
That's more like it. And NOW if you did double the blocksize (or halve the blocktime..), to allow 20 txns/s on-chain, we'd be getting 8000 txns/s off-chain.
What's not to like
Lightning network is pegged to bitcoin, you dumb ass, and it is voluntary whether you want to use such second layer, as you seem to already know.
As Lightning network expands, it is likely that a lot of the LN naysayers are going to end up using LN because it is going to become more convenient in terms of fees and transaction times, and just the expansion of the space in that direction. Of course, this could take 5-10 years before channels becomes so wide-spread that even the disinformation spreading fucktards, such as yourself, are kind of forced kicking and screaming into a their own denial participation in which they assert that they were "never really opposed to LN" blah blah blah.. reframing history... as shill trolltards frequently tend to do.
Yes.... Such assessment coming from chicken littles like you carries a lot of weight.
We are now using fiat. Does it make fiat the ultimate monetary system?
Yes. Various forums of fiat including the USD are dominant, yet we are learning and likely to recognize that they are in competition with more potentially sound systems.... such as bitcoin. Maybe even some of the pump and dump shit coins might prove to be more sound than the dollar? We will see how this plays out with the passage of time, but there also might be periods of rapid migration away from some of the fiat systems and into bitcoin, so long as bitcoin remains seemingly vastly superior in terms of its soundness.
Google alone switches almost 50% of Internet page referral traffic, is it the true Internet?
Yes. Google currently plays an important role in the internet, and it could remain dominant in the space for a considerable amount of time, even though the concept of the internet is much broader as your seemingly rhetorical self-evident question seems to suggest.
I have no idea whether retards like you would succeed to bury bitcoin under multiple layers of stupidity (LN, factories, banks, whatever) or not, but I'm aware of the fact that ignorance has always a definite chance to get mainstream at least for a while, but how in the hell it would help covering the ugly face of an illiterate person who ruins a beautiful idea?
I have very little influence in the overall direction of this thing you call bitcoin with its multiple layers, but as long as I breath I have the ability to express various opinions, including participation in forums and threads like these.
Frequently, i attempt to make comments about what is and to describe its seeming progress and direction. It seems to be a rougher row to hoe if you are trying to change the path that bitcoin is already on.... and to suggest some better direction. Maybe you want to submit a BIP? Probably not, you just want to complain without attempting to fix whatever problem(s) you are supposedly complaining about in your distracting and irrelevant talking points.
I won't engage in this discussion anymore because people like you (in the most optimistic scenario) are not able to generalize and think abstract.
That's good. You don't seem to be providing much helpful substance anyhow in your presentation of outlandish scenarios, and also your seeming failure to recognize that lightning network is a voluntary supplement to bitcoin rather than some kind of compulsory dead end. So it is good NOT to have to play around with your academic abstractness and presentation of low probablility pie in the sky scenarios that are neither based on real happenings nor likely happenings.
In dirty scenarios, we are mostly dealing with paid trolls, hired by bitcoin whales who are against any discussion and reasoning practice in the community because it may hurt the reputation of bitcoin and they may lose a few bucks. It is why they have started the infamous "anti-FUD" campaign in public sphere by assassination of advocates and authors.
Either way, stay tuned, we got still some cards to play, obviously other than arguing with you.
Either way, stay tuned, we got still some cards to play, obviously other than arguing with you.
Yes.. you are misleadingly attempting to suggest that bitcoin has some kind of large propaganda machine and money dedicated to marketing - unlike banksters, government, alt coin pumpers and other anti-bitcoin disinformation campaigns and you seem to be part of the ladder rather than the former.
Bitcoin seems to be driven largely by fundamentals and soundness rather than campaigns, but surely it does not hurt to have some bitcoin advocates out there fighting the good (pro-bitcoin) fight, and likely they are hardly compensated individually (or as a team) like what seems to be taking place with others who campaign against bitcoin and are either decently funded by establishment money or feel it is in the interest of their pump and dump shitcoin project to portray bitcoin as broken and believe that their shit project will do better if it is portrayed as a fixer of bitcoin problems (that are largely either make believe or exaggerated).
It seems quite likely to me in the long run, value is going to gravitate into bitcoin and the misinformation is going to be sussed out by the sound money value of bitcoin, and even you are likely not so dumb to be unable to recognize that phenomenon (so hopefully, even though you seem to be a paid shill, on a personal level, you have been smart enough to stack some bitcoin or at least to hedge some of it in contrary to your other fantastical abstract ideas). So, even if it might take 20 to 50 years for the various misinformation campaigns to play out, the most sound of the monies is likely to gravitate the value, and at this point the most sound money seems to be bitcoin.. surely someday, if the most sound money changes, then I will personally adjust my investment in that direction, but currently, the most of the sound monies continues to be bitcoin, which includes a combination of the "on blockchain" solutions and various secondary layers that are in the works, including lightning network.
