/biz/ - Business & Finance

>Wallet needs to be online in order to receive off-chain funds.
I don't think people realize the sheer magnitude of insanity this is.

whatever, brainlets. bitcoin is for programming nerds only, its not ready for your grandma or your sub-saharan nigger population. if you can't run a raspberry pi full node and maintain open channel states 24/7 you don't deserve to use bitcoin and should just use fiat.

>>9844831
Let's also not forget that LN funds are completely insecure from the start because its impossible to cold store. So anyone wanting to store funds for years has to do it with hot wallets with LN. Anyone buying into this as a solution is room temperature iq level.

So, this is the fabled VISA killer?

It will go down anyway and bitcoin cash will loose the cash in its name when it happens.

Just remember Bitcoin cash is bitcoin before lightning.

blockstream and lightning network is nothing else but the banker takeover of bitcoin, they are trying to destroy the invention of satoshi nakamoto and the blockchain

anyone who is still on the btc side is fucking retarded

God you guys are stupid. Just route through a central banking hub (after providing all necessary identification, including passport, SSN and address) then wait 15 minutes for the Lightning Ad to stop playing, then wait another 10 minutes for the payment to route

FFS, you guys sound like big blocker who wants to make bitcoin some sort of product we sell to big bankers

>>9844940

>bitcoin is for programming nerds only

Yeah, keep telling yourself that lol.

>Sex Workers Are Using Crypto to Save for Retirement
https://www.coindesk.com/sex-worker-retirement/

After watching this I'm starting to see what has happened with BTC.
https://www.youtube.com/watch?v=0BZoKH-hX_o

>>9845891
How can core cucks recover from this?

>actually listening to a bunch of chink shills on reddit
it lightning wasn't ever going to work why are all the chinks scared shitless about losing their centralized grasp on bitcoin?

Just gonna leave this here

>>9846122
same could be said the other way around, if BCH wasn't a threat then why are there so much censorship and slander? would just be a matter of ignoring it (like for example 0xBitcoin, it's just ignored by BTC because it's not a threat)

https://twitter.com/starkness/status/676599570898419712?s=21

Lightning Network is ready in 6 months
...said in 2015 by the Lightning Labs CEO?!?!

can somebody explain to me why the FUCK do we need ANY of that shit when we have SUPERIOR PHYSICAL CASH that I can just hand over to another person??? seriously wtf is wrong with you nerds

>>9846827
Why didn't I think of this.....

>>9845891
Quality video.

>>9846122
Nobody is afraid of LN.

>>9846763
Kek

>>9844940
Top quality b8

I can smell the amount of cope in this thread from /g/.

>>9846827
Because your hand can't reach Achmed in the middle of Sandistan.
Just because YOU don't need it doesn't mean it doesn't have a use case.

>>9845272
this

https://txhighway.com/
bcash

>>9847847
yeah but so what, one has existed 10 months and the other 9 years. it's astonishing that BCH already have over 10% that BTC have.

*over 10% of the amount of transactions that BTC have

>>9847932
Yeah its astonishing that it has any at all. Fucking chinese shitcoin.

>>9844778

>>9847966
you keep using that image. i do not think it conveys what you think it conveys

>>9845891
damn, that is eye opening

>>9847977
It conveys that bcash is a counterfeit that parades as the real thing and relies on the ignorance of its users to perpetuate its existence.

NT though Roger.

>>9847993

>Bitcoin forks 100 times but this PARTICULAR fork is a big scam and a problem

Are you scared corecuck?

>>9847993

I thought that image was spot the legitimate item from amongst the phonies.

Seems like a pretty good conclusion considering it has been posted in every single Bitcoin (BCH) thread ever made on /biz/

>>9847993
no, all it tells me is that you cover your ears and shout la la la and can't counter anything negative said about lightning network. so you just post a meme image and think to yourself that you've helped change people's minds.

>>9845891

>>9846827
Because banks are getting more cocky everyday and I hate fucking waiting on weekends for money to transfer if you are not in the same bank seriously fuck those guys

>>9848089
he came up with and implemented SegWit too

>gets roastie alone
>shows her his rubiks cube

yes, bcash has this one guy who is so much better than the other 128 guys you forgot to mention. https://github.com/lightningnetwork/lnd/graphs/contributors

>>9847962
I really wish mining had developed in Korea, Japan or Russia instead of China. The amount of airtime that stupid "fucking chink coin" narrative gets from brainless fuckheads is really annoying. It was never going to be a burger thing, industrial mining requires factory and other capacities first world western countries outsourced years ago. But it doesn't actually mean shit, because chinks, ruskies, nips, aussies, burgers, whatever, they're all rational actors if they're intelligent enough to produce global significant pow therefore they're all bound by the game theory of nakamoto consensus.

>>9846182
>so much censorship and slander

>>9848873
could be a thousand people, doesn't change the fact that Lightning Network is a terrible idea and it doesn't even work well

friend

>>9849126
this also doesn't change that LN is a terrible idea. all that bitcoin needed was 2 MB blocks and lightning network could have been developed another much needed 5 years but nope.

>>9848004
it's the first fork. I bet you think Litecoin is great too.

>>9849214
at least Litecoin doesn't strive towards having 50 USD fees just to send 1 USD

The reason bitcoin fees were high is because the bcashie bitmain faggots spammed the mempool in order to make their shitcoin fork look more lucrative.

>>9849614
lulz im sure someone would spend millions of USD just for that

>why is ANYONE hyped about it?
No one is hyped about LN except BTC maximalists who can't comprehend another crypto dominating the digital cash market.

BTCoreCuck since 2010-2011 and this tears it, core is dead to me. Even missed the alt train after the seeing the DAO hack, swapping everything into ETH permanently with a little BCH as insurance

>>9849614
wrong, blockstream spammed the mempool (while popping bottles of champagne no less) to literally bribe the miners into keeping their segwit fork alive. they know at any time jihan can freeze their chain.

Dumb fucks. Maybe if bitcoin cASShers actually used the coin it would do something. No one uses Bcash just a bunch of random shills. You don't even know how lightning works.

>>9850368
i like cats

>>Wallet needs to be online in order to receive off-chain funds.

That is a fucking disaster, holy shit I didn't know this Lightning Network thing was this bad. This means you're limited purely to shitty online wallets. Sending money will also be a nightmare too, its even worse than I can describe.

This was the only thing that could have made Bitcoin actually functional and its already failed, Jesus Christ.

>>9850423
Yeah anon such a disaster. You should forget about btc. Put all your money in bcash.

>>9850465
This, but unironically

>open OPs reddit thread
>nothing but bcash redditors having a circle jerk
And yet LN still sees more use per day than bcash. Lmao.

>>9848004
>bitcoin forks 100 times but this PARTICULAR fork is the real bitcoin

>>9850483
Do. Im sure it will turn out well.

>>9845891
I never even looked into what Lightning was about but now I see that Bitcoin is now compromised and there's no way out.

>>9844778
Bit-shilling, Grandpops favourite coin.

>>9846827
Gee willikers I sure do love banks stealing my hard earned cash with 10 years of negative rates.

>>9849199
>friend
okay, friend. you deliberately try to dupe people into thinking your OP >>9844778 green text is from the LN dev team when it's actually from some random Android Wallet.

>>9849199
A terrible idea is forking twice to increase the block size limit when you only have enough users to fill 200KB blocks.

But your single French pajeet dev said so, because his chink boss told him to, so I guess you had no choice but to fork.

Kill it with fire.

Lightning Network is probably the most ugly and retarded thing the fintech sector ever witnessed.

>>9853345

The increased size is to impress upon businesses that BCH will be ready to scale for their needs. The excess capacity is there ready and waiting to be used for their business needs.

You're a fucking retard. Blocks should never be full. Hopefully the blocksize will be increased again in November's upgrade.

>>9845891
Well made video. Gets the point across in a simple way, no previous knowledge required.

mfw cashies were right

>>9844778
>0 confirmation
>unlimited blocksize
>controlled by literally two people ( Craig "I am Satamoto :DDDD" is just a figurehead )
>shitcoin
>supported by all banks and jews
>facilitate opening of national borders
BITCOIN CORE IS A SCAM, ONLY BITCOIN MATTERS.

>>9853570
This, it's really unacceptable that we are forced to use it to transfer bitcoins.