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0 pointstheWatcher378y ago0 comments

The lighting network completely undermines the entire purpose of bitcoin, and blockstreams seeming desire to sabotage bitcoin for daily use coincides suspiciously with their outside “investment”.

If you read the original bitcoin white paper it is clearly evident that the purpose of bitcoin was as a currency. These insane fees, wait times, and rediculous technical decisions by core have made it such that bitcoin is becoming “bank coin” aka only used for settling between large groups and useless for individuals (unless you’re a speculator).

This has to change

0 comments

SaltyFetus8y ago

If you believe lightning undermines the whole purpose and is the product of sabotage (or whatever core is being accused of these days), there are multiple forks to choose from that don't use it.

No need to attack Bitcoin, just go all in on Bitcoin Cash , put your money where your mouth is, and move on.

jaredklewis8y ago

Yea! And I wish all these American liberals would stop complaining about Trump policies. Put your money where your mouth is and move to Mexico already! /s

Rmilb8y ago

Terrible analogy. To be more accurate, you would copy america and change the policies you want. Then the market decides on what they believe in and want.

etr-strike8y ago

Yea, no. Lightning network still depends on the bitcoin network. All it means is any two parties can transact off chain and settle up later. Not sure what the problem is.

lawn8y ago

That the Bitcoin network is being crippled in favor of these solutions.

etr-strike8y ago

You’re upset the core devs didn’t let Bitcoin become a centralized coin? If you refuse to acknowledge the benefit of SegWit or the other scaling solutions then I can’t help you.

Big blockers have their Jihan and Roger coin now. Stop trying to steal the bitcoin brand. If there was consensus for big blocks then Bitcoin would have activated. Jihan and Roger couldn’t convince the educated people that their proposals would work. Now they’re throwing a tantrum.

lawn8y ago

Sigh. Increasing the block size to 2MB nor 8MB for that matter will not make a centralized coin.

Segwit (besides being a crappy implementation) is by far not enough scaling.

That you blame Jihan and Roger is typical stupid propaganda which doesn't belong here.

1 more reply

vasilipupkin8y ago

I am not sure why it matters what the original purpose was. It seems that current consensus of bitcoin is to be a competitor to gold for store of value. there may be other cryptocurrencies that act more like currencies

lawn8y ago

> It seems that current consensus of bitcoin is to be a competitor to gold for store of value.

Only made by the incompetent/corrupt developers. Regular users just don't want to pay outrageous fees.

vasilipupkin8y ago

what outrageous fees? you can send a billion dollars for 10 bucks.

oarsinsync8y ago

I'd be surprised if you weren't aware that the fee isn't proportional to the amount being transacted. A $10 fee on a $10 transaction is outrageous.

1 more reply

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0 comments

SaltyFetus8y ago

If you believe lightning undermines the whole purpose and is the product of sabotage (or whatever core is being accused of these days), there are multiple forks to choose from that don't use it.

No need to attack Bitcoin, just go all in on Bitcoin Cash , put your money where your mouth is, and move on.

jaredklewis8y ago

Yea! And I wish all these American liberals would stop complaining about Trump policies. Put your money where your mouth is and move to Mexico already! /s

Rmilb8y ago

Terrible analogy. To be more accurate, you would copy america and change the policies you want. Then the market decides on what they believe in and want.

etr-strike8y ago

Yea, no. Lightning network still depends on the bitcoin network. All it means is any two parties can transact off chain and settle up later. Not sure what the problem is.

lawn8y ago

That the Bitcoin network is being crippled in favor of these solutions.

etr-strike8y ago

You’re upset the core devs didn’t let Bitcoin become a centralized coin? If you refuse to acknowledge the benefit of SegWit or the other scaling solutions then I can’t help you.

lawn8y ago

Sigh. Increasing the block size to 2MB nor 8MB for that matter will not make a centralized coin.

Segwit (besides being a crappy implementation) is by far not enough scaling.

That you blame Jihan and Roger is typical stupid propaganda which doesn't belong here.

1 more reply

vasilipupkin8y ago

lawn8y ago

> It seems that current consensus of bitcoin is to be a competitor to gold for store of value.

Only made by the incompetent/corrupt developers. Regular users just don't want to pay outrageous fees.

vasilipupkin8y ago

what outrageous fees? you can send a billion dollars for 10 bucks.

oarsinsync8y ago

I'd be surprised if you weren't aware that the fee isn't proportional to the amount being transacted. A $10 fee on a $10 transaction is outrageous.

1 more reply

j / k navigate · click thread line to collapse