/biz/ - Business & Finance

Daily reminder that LN is dependent upon shitcoins to scale

Developers like to use buzzwords like "atomic swaps" to hide this, but it's true. When BTC fees hit $100, they will tell you to use Litecoin or Monero or ETH. They might even tell you to use Bcash.

It's going to fail before it succeeds

An embarrassing disaster for all involved, even it's creator is ashamed

https://youtu.be/LnG5H62I7Ko

>>15808514
It belongs at zero

>>15803770
https:// youtu.be/q-gGABI7RCQ
Start at 15:35, listen to the very simple and undeniable facts he is stating and the rationality of his position. This has been how the actual value in crypto for all the time prior to the great fork had developed.
Now look at the market and how it's apparently valuing that position. Take special note of the fact that the reason for this is because of the massive volumes in usdt that are very clearly manipulating the field to an absolutely idiotic and unreasonable state.
There are dozens of things that led us to this point, pic related amongst the most recent and retrospectively obvious examples, but the thing keeping us here is just outright fraud coupled with apathy, stupidity, ignorance and tribalism.
So, basically what always goes wrong when humans are involved.

>>15783536
Anyone related to BTC specifically, with 4x weighting for blockstream and 4000x weighting for larping warlord gangsters.

>>15785912
And why should they? If they want to invest in traditional banking system scam there are far more mature investment vehicles.

>>15784001
One developer amongst a horde of clueless posers who have no idea what the fuck is going on in massively censored conversation space backed by tens of millions from the legacy global financial political system terrified to be disintermediated out of their positions and left to float to their rightful place, which would be fucking nowhere, can do an extreme amount of damage.

>>15785489
He meant "hurrrr durrrr im a fuckin retard"

Simplified version for those who still fail to grasp it.
>>15777129
If it works it breaks BTC by design.
If it doesn't BTC is already broken by being permanently limited to a completely useless tx limit.
Any way you look at it, BTC is fucked.