I would have preferred to see more Segwit adoption, which to this day still hovers around 45%. Good news is that Binance is looking to make the switch hopefully this year, which means that they'll easily push it over 50%. More good news is that Binance is a trendsetter, so this will definitely motivate other exchanges to follow.
I'm quite happy with the rest. Stable hashrate. Upwards momentum in the price. Block halving coming up. Lightning growing. Etc.
Topic: What are your unfashionable Bitcoin opinions? - page 2. (Read 424 times)
Even though the lightning network was implemented then again if you send Bitcoins from the lightning network to a normal Bitcoins wallet it actually affects you more , to be honest.
It takes approximately same amount of money from normal Bitcoin wallet to wallet exchange.
These even though the lightning network is good for transactions concerning the lightning network, it's not good for the other normal networks.
Let's see
1) Card payments are cheaper and faster than Bitcoin
2) I don't care how cheap BTC is for international payments as less than 0.001% of the people are doing more than once a year
3) It's a pain in the ass to explain to an elder how bitcoin works although he has a smartphone and he is using a cc daily
4) The bitcoin network has fewer transactions and users than a medium chain store in Poland.
And the top one
5) 99% of the users around here don't care about decentralization or privacy or being their own bank as long as they earn $.
LE, forgot one although is not directed at BTC
The blockchain is a f***** database, not the Holy Grail.
1) Card payments are cheaper and faster than Bitcoin
2) I don't care how cheap BTC is for international payments as less than 0.001% of the people are doing more than once a year
3) It's a pain in the ass to explain to an elder how bitcoin works although he has a smartphone and he is using a cc daily
4) The bitcoin network has fewer transactions and users than a medium chain store in Poland.
And the top one
5) 99% of the users around here don't care about decentralization or privacy or being their own bank as long as they earn $.
LE, forgot one although is not directed at BTC
The blockchain is a f***** database, not the Holy Grail.
I agree with you. There will still be lapses with Lightning network but we can't deny the fact that lots of users are trusting it and switching to Bitcoin as a mode of payment.
There's a huge increase in adoption and implementation so I also believe that Bitcoin is never far from being the second yet the best currency so far.
There's a huge increase in adoption and implementation so I also believe that Bitcoin is never far from being the second yet the best currency so far.
call me unfashionable but LN is not bitcoin. LN is a separate network. hint is in what the N stands for.
the unit of measure in LN is Msats which are played around with. and separately those Msats are converted/pegged to represent a bitcoin balance. but could also represent a balance of other coins too.
btc is only btc on the btc blockchain. they never leave.
the unconfirmed playing around/unsettled payments are not confirmed btc ownership. they are just temporary private agreements of possible future ownership (an iou in simple terms)
LN is not bitcoin.
- Bitcoin won't work well as currency due to deflation model
- People should think hardware and internet connection growth when talking about scaling
- LN can't solve all scaling problem
I agree with you. There will still be lapses with Lightning network but we can't deny the fact that lots of users are trusting it and switching to Bitcoin as a mode of payment.
There's a huge increase in adoption and implementation so I also believe that Bitcoin is never far from being the second yet the best currency so far.
bubble cycles are good for bitcoin adoption.
altcoins are good for bitcoin adoption.
unit bias is a myth that bitcoiners use to comfort themselves after they miss out on altcoin gains.
agree with all of these. LN is overhyped and bitcoin has strong built-in hoarding incentives that will always challenge the consumer/currency use cases.
the deflationary model also puts us in a situation where restricting block size is not just a matter of scale. it's a matter of making the system viable since the block subsidy is dropping so fast.
altcoins are good for bitcoin adoption.
unit bias is a myth that bitcoiners use to comfort themselves after they miss out on altcoin gains.
- Bitcoin won't work well as currency due to deflation model
- People should think hardware and internet connection growth when talking about scaling
- LN can't solve all scaling problem
agree with all of these. LN is overhyped and bitcoin has strong built-in hoarding incentives that will always challenge the consumer/currency use cases.
the deflationary model also puts us in a situation where restricting block size is not just a matter of scale. it's a matter of making the system viable since the block subsidy is dropping so fast.
- Bitcoin won't work well as currency due to deflation model
- People should think hardware and internet connection growth when talking about scaling
- LN can't solve all scaling problem
unit bias: agree. mainstream cant concieve of 0.00000100 they prefer 1bit or 100 sat units
currency: partly: as a daily spend/disposable income currency bitcoins deflationary nature makes people 'hodl' not spend
as a investment asset currency bitcoins deflationary nature is great
howevr to be a asset currency you need to actually have things to buy with it. so one needs the other
scaling: agree. too many people think scaling is about large jumps to rediculous amount. scaling is progresssive.
we had scaling in 2009-2015, 0.25mb 2009->2013. 0.5mb2013->2014. 0.75mb 2014-2015. 1mb2015+
what we should remember though is offchain/sidechains are ALTERNATIVE NETWORKS
saying bitcoin cant scale to advertise a different network and get users to move off bitcoin. doesnt help
stifling bitcoins scaling just to promote other networks is ludicrous
and yes i agre even these pegged alt networks need bitcoins network to scale just to make the alts work
now my unfashionable opinion
bitcoin is distributed, not decentralised.
bitcoin is not AI, it does not self code. it does not any longer only change due to community opt-in. there is a central dev team that are now too empowered with decisions and they can implement their decisions without community opt-in(consensus)
currency: partly: as a daily spend/disposable income currency bitcoins deflationary nature makes people 'hodl' not spend
as a investment asset currency bitcoins deflationary nature is great
howevr to be a asset currency you need to actually have things to buy with it. so one needs the other
scaling: agree. too many people think scaling is about large jumps to rediculous amount. scaling is progresssive.
we had scaling in 2009-2015, 0.25mb 2009->2013. 0.5mb2013->2014. 0.75mb 2014-2015. 1mb2015+
what we should remember though is offchain/sidechains are ALTERNATIVE NETWORKS
saying bitcoin cant scale to advertise a different network and get users to move off bitcoin. doesnt help
stifling bitcoins scaling just to promote other networks is ludicrous
and yes i agre even these pegged alt networks need bitcoins network to scale just to make the alts work
now my unfashionable opinion
bitcoin is distributed, not decentralised.
bitcoin is not AI, it does not self code. it does not any longer only change due to community opt-in. there is a central dev team that are now too empowered with decisions and they can implement their decisions without community opt-in(consensus)
Bitcoin needs bigger base blocks, which we should have had back in 2016/2017 already. I'm not in favor of super large blocks like what Bcash currently rocks, but a jump to 2-3MB with SegWit on top of it would be neat.
People in some cases literally wait for the fees to come down in order to transact, and I think that really sucks. Also, in order to onboard more LN users you will need larger base blocks anyway. The longer you wait the harder it becomes....
People in some cases literally wait for the fees to come down in order to transact, and I think that really sucks. Also, in order to onboard more LN users you will need larger base blocks anyway. The longer you wait the harder it becomes....
Everyone has a few. What are yours?
My main ones are - unit bias has held back BTC's progress in the mind of the public.
Bitcoin will never see widespread use as a currency.
95-99.5% of the world does not want to be their own bank. And a decent proportion who do want to be, should not be.
My main ones are - unit bias has held back BTC's progress in the mind of the public.
Bitcoin will never see widespread use as a currency.
95-99.5% of the world does not want to be their own bank. And a decent proportion who do want to be, should not be.
Jump to: