/biz/ - Business & Finance

>>11503372
6 • Is large block latency and resource cost really negligible?

Yes, for institutional miners. As we saw in points 1,2, 5, and pic related. We don't need non-mining nodes. We need massively capital intensive miners running server farms to provide massive security to global sound money.
7 • How will scaling affect Bitcoin privacy?
>core thinks LN is better for privacy then BCH.
>pic related

Read the whole infographic, but simply put is this:

>LN channels are money transmitters and will be subject to KYC/AML procedures.

This is not the case for on-chain transactions.

This is why BS killed BCorporate:
https://youtu.be/jctc85X_PCI?t=605

>>7123802
I think Lightning is the ONLY way crypto can scale to global use.

After all, just like you said, there will be way too many transactions. Everything is a transaction, even a parent giving their kid their daily allowance. Or people chipping in to pay a bill when eating out, each person will make a transaction. Also online use cases, like each ad view/click could be paid as a crypto transaction, or each tip a streamer/camgirl receives could be a transaction.

It's going to be billions of transactions per day.

It CANNOT be all saved on-chain.

Lightning works best for this, since it's basically just multi-sig smart contracts where you can continuously send value across the network through payment channels, all OFF-CHAIN.

This is the only way I can see global scaling working.

Pic related.

Here you go, senpai.

Now that BTC is going to have a LN with zero fees, how are you going to compete? It's a killer app which will make your shitcoins obsolete.

Is BTC going to $1M by EOY once the LN is deployed? It'll be the only coin with zero fees.