/biz/ - Business & Finance

>>56888218
>And no LN is not centralized you dumbass

lol. lmao.

Stop shilling LN. Nobody uses, nobody is going to use it. It's dead. Just use Paypal.

>>56428431
Even if it did work, it would still negate the purpose of using a blockchain in the first place.

>>56423979
>LN and ordinals is a copy and paste of a special certain network you fags hate so much

Shhh, don't tell them.

>>56415195
I'm either going to be rich as fuck or just rich. Just depends on whether or not Jews maintain hegemony.

>>53134058
>lightning network
>useful

Layer 2 is literally Jewish.

>>51024906
The difference is the Monero network can adopt to rising demand and BTC can't. Also privacy is great. In the event of rapid adoption Monero is prepared to deal with the load.


>>51024906
>that’s bullshit, like complete bullshit
It's not.
>you can open your own channels and run your own nodes
You can open your own Paypal or Venmo too. Again in the event of Hyperbitcoinization using the BTC network for 99% of users becomes completely infeasible. The capital requirements to operate a channel increases exponentially. We've seen fees of $60 and multiple day wait times with only 0.0002% of the world using the network.

>>29858813
https://powping.com/posts/33b2c2ee7f45d2e8852c28d83c11a6be1cef07748b4fbb1619789454c8cbad8e

>>29858816
Where they're taking this technology keeps us in a fractional reserve system. You might make it, but your descendants will still be slaves. Bitcoin is more than numba go up. We got here because we originally wanted to destroy central banking.

>>29156160
It's fully monetized.

Using Bitcoin to monetize data or access to it provides humanity with a much better model than the current fake and gay tech oligarchy that exists solely to sell data and ads. Suppression on a blockchain based application can only work on a single front facing application, but the data still exists either locally or on the chain itself and can be proven cryptographically. Meaning users and creators don't lose connections to each other and their means to support themselves aren't severed by, frankly, Jews.

The goal of block suppression is to prevent this kind of model from taking off and keeping the current parasitic power structure in the middle of all financial transactions and monetary policy.

>>19290630
Nobody uses it and it still loses people money.
>update your fud

People who think I'm purposely trying to mislead are more than welcome to continue buying BTC and I hope they do.

https://bitcoinvisuals.com/lightning

>>19188387
The original code for Bitcoin had unbounded blocks. 1mb limit was literally suppose to be a temporary measure for flood control because Bitcoin had literally NO MONETARY value creating no incentive for miners to deal with network demands. Don't get me wrong though, I fucking love that Segshitters want small blocks and reduced functionality. Makes this all easier.

>>19188417
jfc the absolute state

>>18907910
LN literally requires 3rd party watch towers. It's just a shitty banking application that doesn't work because its hot garbage trying to solve a problem that can't be solved for one and didn't need to exist for two.

>>16969426
No u!

>>16813620
>Speculation
You don't even know your own shitcoin.

>never said that they were the end all solution
Then you have no solutions and your shitcoin is going to zero.

>Yes, my argument IS hobbyists
Then we're done here. I'm talking about Bitcoin and you're talking about about something to tinker with. BTC can't scale and the only offered up solutions defeat the point of the technology. Enjoy losing.

>>16755872
I found it OP

>>16630124
>no they add functionality
Yeah as work arounds for the the functionality that was removed. As I literally just said. What does it matter, man? You have digital hodl. I'm using an electronic cash system. Two different coins, clearly. You might have a banking network for you digital hodl at some point, but I doubt it. I think it's going to continue to be theoretical. At least you can still hodl.

>>16530574

>>16453067
>they have the balls to reference how routing works on the Internet

They even admit the whole fucking thing is only theoretical and if it were to work would just be a fucking banking network. People defending this are either paid off or complete idiots or both.

>>14292420
It's vaporware.

>>14149647
You mean like lightning?

>>14078350
IT IS DESIGNED TO MIMIC THE CURRENT FINANCIAL SYSTEM

>>14016553
>is it just me or does lightning network seem cumbersome and like more of a band aid than a permanent scaling solution?

Yes. It's vaporvare, and unironically meant to mimic the current banking system so they can keep the fiat fraud going - pic related

>what is the solution to the scaling problem?

Bitcoin SV on-chain scaling, like Satoshi told us from the beginning

>>13943037
>That's when the smear campaign against BTC started
Delusional. We've all been shitting on BTC since at least August of 17' and it isn't because of particular personalities. It's because BTC is a complete and utter shitcoin that broke away from the original protocol to form a banking layer and sell "sidechains" to fucking retards.

>>13593342
What do you mean real? It's the revolutionary and and perfect scaling solution for the new world monetary system! How do you dare even pose such a question?

That moment when you realize that the emperor has no clothes

MORE THAN THREE HOPS
3RD PARTY WATCHTOWERS
PROOF OF STAKE LAYER OVER BITCOIN
BANKRUPT THE MINERS
DESTROY THE SECURITY MODEL
REGULATOR CAPTURE
PROMOTE CRONY CAPITALISM