/biz/ - Business & Finance

>>11684878
Did it work?
Did it work?
Did it work?
Did it work?
Did it work?

They already tried.

https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency

How can I trade stocks with bitcoin?

I want to short Facebook

What's the best move in a bear market?

Hodl
or consolidate into BTC/ETH

While the Lightning devs are busy spending years trying to solve computer engineering problems that no one can say actually have a solution or not, Bitcoincash engineers have been running the numbers on just how far on-chain scaling can go, and the numbers are amazing:
Here's how it can scale to 2K TPS right now, Visa-level transactions, and anyone with a mid-grade PC with 4-cores and 16gb of ram can run a full-node:
https://www.youtube.com/watch?v=5SJm2ep3X_M
Bitcoincash researchers have already successfully mined gigabyte-sized blocks:
https://themerkle.com/what-is-the-gigablock-testnet-initiative/
Here's how it can do 500 billion transactions a day, with hardware and technology and bandwidth that already exists right now, no waiting around for Lightning, this is doable now, enough to carry out all the transactions done by 10 billion people every day:
http://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html
Obviously we don't need that much hardware and TPS today, but the fact that it is achievable right now means it will certainly be achievable a few years in the future as Moore's law brings down the cost of hardware needed to achieve it and as it becomes needed.
Here's a new BCH tech called Graphene created by Gavin Andresen which halves the network bandwidth cost and will be forked in this year:
https://people.cs.umass.edu/~gbiss/graphene.pdf
That shows how early we are still in this industry, where one guy can release a really simply technology like Canonical tx ids and Graphene that makes 1000% gains over previous tech, 80 MB blocks can be propagated with the same speed as todays 8 MB blocks on the BCH network - something between 240 - 300 tx/sec, and this is without any other optimization. Plus in the future it could fork to have smart contracts and colored coins and ZK-starks which are impossible with the LN.
There's a long way to go with on-chain scaling before having to move to a crippled 2nd layer solution.