/biz/ - Business & Finance

>>57197858
lmao NAT doesn't change the underlying protocol of the internet. It has no comparison at all to Bitcoin.

Segwit fundamentally changed protocol. It's not bitcoin. Replace by Fee, Child pays for Parent, fundamentally changed protocol. The continued alterations that are made in favor of proprietary networks like Lightning, are a fundamental change of protocol. None of this shit benefits users. Also keeping the blocks capped at 1MB fundamentally changes the protocol. It was never suppose to remain at 1MB.

>>57133438
>jpg goes over my head
>I'll pretend it doesn't

>>56890753
KYC is required for Bitcoin. Money Transmitters, which is what a LN hub is REQUIRE KYC. Not being asked for it at the time of posting doesn't change the reality of that. Exchanges use to be the same way. Regulation takes time.

More to the point, LN is FIAT. It's a private ledger. What you are doing is connecting with a hub that settles on your behalf at a later date and time. That's what ALL layer 2 is. LN is slightly more complex than most implications, but it also fundamentally doesn't work and has rampant security flaws. It is a steaming pile of shit. It'll never be used. Less than a percent of Bitcoin has ever been on it. It's much safer and easier to drop the bullshit and simply use a layer 2 that avoids complexity to complete the same action and is in principal the same.

Better yet however it's best to scale the goddamn blockchain and ignore layer 2 entirely.


>Most people in bitcoin either use the main layer or LN

Most people in Bitcoin have never done a transaction, onchain or otherwise.

>>56887387
what an absolute shitcoin