Author

Topic: Will lightning network keep BTC as the dominant coin in the market cap? (Read 138 times)

copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
LN would be cool, but we don't even need it anymore. I can send a BTC transaction with a 5 cent fee and an ETH transaction with a 5 cent fee, and the BTC transaction would actually confirm much faster, in most cases (and in current mempool conditions).

That’s not relevant.  I think big:  I want for Bitcoin to compete with Visa.  For that, we need to increase peak TPS throughput by five orders of magnitude.  The blockchain will never do that—not unless Bitcoin Jesus blesses us with gigabyte blocks /s (got a supercomputer for your node? /s).  I expect that Lightning will, after it matures.

For an engineering analogy of why Lightning is important, see this article (forum discussion where I found the link).

I think that BTC dominance will always remain a given - for various other reasons.

Certainly, Bitcoin will remain dominant.  But it could not do so without the best developers, the best new ideas—and scaling both vertically (Lightning) and horizontally (sidechains).
jr. member
Activity: 56
Merit: 115
Lowest EVER interest lending! (Use escrow always)
LN would be cool, but we don't even need it anymore. I can send a BTC transaction with a 5 cent fee and an ETH transaction with a 5 cent fee, and the BTC transaction would actually confirm much faster, in most cases (and in current mempool conditions). I think that BTC dominance will always remain a given - for various other reasons.
jr. member
Activity: 112
Merit: 1
Now that the lightning network is on the cusp of being full force what are your thoughts and opinions on how it will affect in relation to the price of BTC? Will more people use it? Will it dispell many of the drawbacks regarding speed, fees, and scalability that people were knocking BTC for?
Jump to: