/biz/ - Business & Finance

Turning on their own now as it all falls apart.

Oh, no no no. *inhales* This is good for BTC.

>>10298994
Burn the lightning network.

Burn it to the fucking ground, no survivors.

>>10299797

Cobra attacks both sides because he works for the CIA. He's in it to sow division and prevent adoption (along with blockstream obviously)

Have you ever heard of someone 'co-owning' a domain? It fucking doesn't happen, ever.

>>10299843
LMAO, bitcoin cash is just a mediocre mid term solution, but lightning network is a completely different animal, it's really an interface for centralized banking to enter crypto like rats.

>>10298994

lmfao jesus christ

>>10299866

>mid term solution

No Bitcoin Cash is the real Bitcoin and increasing the block size is the permanent and correct solution.

>LN
Vaporware. Also routing is actually impossible and has been proven to be impossible.

>>10298994
The only thing I get surprised over by this is how soon it happened.
Bitcoin is an idea and there are a ton on the BTC side that aren't onboard with that idea.

>>10299874
lulz, very true. just wish sending the LN tokens would have failed once because one of them went offline temporarily because of a poor wifi connection.

>some noname shitskin
>MUH COREKEKS

you bcash sjws need to cool it

>>10299906
>proven to be impossible
holy kek you betacashies are fucking retarded. the whole internet wouldn't even work if lighting was "impossible". something being an NP hard problem doesn't make it impossible.

Beware the bcash sock puppets

Google roger Ver Mt. gox. Watch the video. Don’t fall for the scam.

>>10300927
>proven to be impossible
Let's laugh at this brainlet together.

>>10298994
It was always the plan, goys. Inflation is good, goyim.
Bcash is a scam, goyim. We sentenced Roger Ver for sending fireworks, remember?

>https://medium.com/@timevalueofbtc/the-bitcoin-risk-spectrum-949f6abec290
>I am proposing that the second point on Bitcoin’s risk spectrum should be LNRR, the Lightning Network Reference Rate. Routing fees earned on bitcoin staked to Lightning payment channels can be expressed as an interest rate. The rates received on the payment channel or node level can be hashed and cryptographically provable. Node operators can opt-in to publish realized interest rates on their capital. If a consensus can be reached on an interest rate calculation protocol, capital providers can publish interest rates in an open and transparent way. Positive interest rates will attract bank-like entities that believe they can earn positive return using effective payment channel management and security techniques. Some bitcoin previously held in cold storage will seek the income attainable in Lightning Network, the first ever example of an opportunity cost tradeoff in bitcoin that doesn’t require additional counterparty risk.
>Bitcoin staked to Lightning is the most unique income producing asset in all of monetary history: income with zero counterparty risk. The historical implications of this on capital markets are tremendous.

>>10301334
>Nik Bhatia
>bitcoin-native financial theory
>pajeet, not a jew
Did we reach peak jewry? I welcome our conniving pajeet overlords

>>10301334
This is fucking genius. Imagine cryptographically proven interest rates. Compared to the fucking manipulated LIBOR. Can't believe how fucked the wall street cuck will get with this.

>>10298994

Blockstream Exposed:

https://www.youtube.com/watch?v=zSbPz4g9rZQ

https://www.youtube.com/watch?v=RpWt2RKTTjQ

>>10300911
>LN tokens

>>10299866

The guy you responded to wrote:

> "...attacks both sides because he works for the CIA. He's in it to sow division"

And your response does exactly what he described - you exposed LN, but simultaneously you attack BCH implying it isn't Bitcoin -- in a desperate attempt to slow down the adoption. So what's up? Are you a CIA Nigger? Or are you just a kike, spreading disinfo mixed in with the truth to make people swallow your poison?

>>10301433
Bcash is as primitive as Bitcoin while not benefitting from the brand or network effect of Bitcoin, in short it's a shitfork doing in a hurry and that's why it will fail because it will ALWAYS be considered a counterfeit on the original.
I would rather gamble on the next shitcoin than putting money in one bound to fail like bcash.

>>10301809
t.2017 newfag who believes salaried reddit shills about "gen 2" and "gen 3" coins

>>10299866
LN also doesnt work and is unproven to be secure compared to bch which follows the original plan and thus has 9 years of proven security to back its model.

>>10300927
you realize the internet doesnt have to track and updatw the balance of everyone using it at all times right? you fucking retard.

>>10301820
I'm in since 2015 actually and that's why I have some perspective.
The parabolic trend of the last winter was NOT people adopting bitcoin, it was people downloading Coinbase app on their Iphone, buying some fractions of a BTC and hoping it would go tomorrow up because it went up yesterday, it was basically mass gambling hysteria, most of those people did not even move their BTC out of exchanges.

Now why wasn't it adopted despite so much attention? Because the issues brought by the blocksize limitations? Sure, in part, but the main issue is that Bitcoin is absolute dogshit in terms of user experience, everything from wallet creation, to public/private keys format, to sending transactions, to running a node, etc... It's trash, it's stucked in the early 00s in terms of UX.

Back in the days I bought some bitcoin because I thought the concept was cool as fuck and very cyberpunk but it was a lot to digest and learn to use it properly despite being someone relatively computer literale, it felt clunky and it still is today, boomers will not use that, normies at large will not use that.

It's really a missed opportunity at the end of the day, because people like Ver, Séchet and all the other developpers they are rich, they are smart, they have connections, etc... They could have profited from the schism with Core to make tabula rasa and launch a real discussion on what are the obstacles impeding crypto adoption, coming with new things, they could just have taken a snapshot of the ledger and took their times. Instead they went to the path of least resistance and forked for the chinks to keep shits like ASICboost and that's why on the long term it won't work.

>>10302136
>They could have profited from the schism with Core to make tabula rasa and launch a real discussion on what are the obstacles impeding crypto adoption
The objective was to bully the core devs out of bitcoin, not to improve the protocol. It was a power play. If Jihan and Ver and the other opportunists could have just taken over bitcoin there would be no bitcoin cash.

>>10302136
You've been in since 2015 but you've been reading reddit, which is the opposite of getting informed.
Last year's parabolic trend happened because core developers completely ruined bitcoin, and early bitcoin millionaires (Roger Ver is far from the only one, he's just the only public figure) threw a hissy fit and poured hundreds of millions in ETH, showing "investors" that x100-s are possible even after Bitcoin. Then came the BAT ICO which was heavily underpriced (x5-ed immediately after the ICO) which reaffirmed the expectation that this market will only go up, so every redditor started fomo-ing in.
There's actual blockchain adoption, it's called private Hyperledger installations and my current part-time job actually revolves supporting one of those. Believing that anyone would actually adopt a public 51% attackable blockchain is the highest degree of delusion.