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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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8358764 No.8358764 [Reply] [Original]

CASHIES BTFO

>> No.8358841

>drops another 500$

>> No.8358848

This could actually turn the tide, barring a complete failure

>> No.8358850

Literally inferior tech.

>> No.8358852

1 - sounds like bullshit
2 - LN is shit

>> No.8358862

Will be really useful when bitcoin is at $2k and blocks are half empty.

>> No.8358878

Yeah! Centralisation and KYC FTW!

>> No.8358879

>>8358862
this

>> No.8358890

>>8358764
>see this tweet
>fomo kicks in, rush to check current price to see if it's mooning
>bitcoin dropped another 300$
it was pretty funny

>> No.8358893

I thought it was already on the mainnet

>> No.8358895

>Releases LN at a point where fees are literal cents
>you have to pay dozens times more to open a channel

This announcement is just dumb.

>> No.8358913

>>8358764
noone cares sorry

>> No.8358945

>>8358764
Did he have to add those fuckins astronauts and a rocket? That's so fucking cringeworthy holy fuck.
Fuck this community.

>> No.8358978

It looks like the little rally earlier today was caused by rumors leaking, and now people are selling the news. I do think though some large entities are trying to push the price down. All this obvious clear as day intentional astroturfing FUD you see on this board and elsewhere is also part of the effort naturally. ((They)) think they can win against the laws of economics and the future of money by their little market manipulation games.

>> No.8359090

>>8358764
Lightning Network comprehensively and irrevocably BTFO by based Rick Reacts. I can already taste the bcore cuck tears.

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

https://www.youtube.com/watch?v=Ug8NH67_EfE

>> No.8359231

>>8358764
You're definitely a fucking retard. Bet you can't even explain in depth about lightning. Kill yourself retard.

>> No.8359280

>LN on mainnet
>Beta for developers only

>> No.8359291

good ti see the cashies triggering so hard in this thread. fuckin' A... LMAO.

>> No.8359315

>>8358893
alpha. this is beta.
Alpha caused people to lose all their money

>> No.8359328

>>8359090
>FAS reacts
Absolute state of cashies

>> No.8359338
File: 434 KB, 547x633, 23213.png [View same] [iqdb] [saucenao] [google]
8359338

>>8358764
KIND OF LATE NOW EVERYONE LEFT THE MARKET AND THE WHOLE THING DIED

>> No.8359352

>>8359090
>>8359231
>>8358895
>>8358850
>>8358852
>>8358895
SEGWIT FEES ARE LOWER THAN BCASH
AHAHAHAHAHAHAHAHA

>> No.8359413

>>8359090

Who is this joke ?

>> No.8359443

>>8359090
literally who

>> No.8359461

>>8358764
it's been live on mainet for over a month now. there have literally been like 100+ nodes running that shit on the mainnet and it's been fucking up left and right and losing money. also it's only so far been adopted by some obscure sanfran coffee shops and pizza parlors.

>> No.8359482

>>8358764
lightning network is a scam, do some research

>> No.8359499

>>8358945
Noticed they used a white woman and black man emojis. I SMELL KIKERY!!

>> No.8359539

>>8359461
any videos of the shops?

>> No.8359605

>>8358764
BUY BUY BUY

>> No.8359744

Does anyone who is shilling LN even use it? Do you know how to?

>> No.8359770

>>8358764
still won't work well with 1mb blocks.
remember the original LN whitepaper said they needed at least 133mb blocks to have a decent margin.

also it's centralized trash

>> No.8359776

>>8358764
The tweet that saved crypto

>> No.8359782

>>8359744
i use yalls.org for shitposting

>> No.8359800

>>8359770
SEGWIT133X FORK WHEN

>> No.8359845

>>8359499
that's asian woman emoji, whites btfo

>> No.8359899

>>8359499
>>8359845
>f-fuck niggers :'(
CASHIES ON SUICIDE WATCH

>> No.8359910
File: 91 KB, 645x729, 1510608145826.png [View same] [iqdb] [saucenao] [google]
8359910

>>8359090
>Rick Reacts

>> No.8359977

>>8359338
Fucking this.

This would have been great 5-6 months ago when all of that fresh, normie money was pouring in and the network was so congested that people were looking at $20+ fees. Releasing it now, after the crash, and at a time when the trading volume is so low that it's completely unnecessary is just pointless.

People bought on the rumors this morning, but they're going to sell on this news. The people in this community are trying to crash this shit

>> No.8360047
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8360047

>>8359443
>>8359413
Corekeks confirmed only 2017 retard newfags

>> No.8360228

>>8359910
Rick Reacts will fuck you up, faggot.

>> No.8360259
File: 986 KB, 1980x824, routing.jpg [View same] [iqdb] [saucenao] [google]
8360259

>>8360228
Come at me

>> No.8360393

>>8358764
support big banks you faggt

>> No.8360406

>>8360393
make your own channel then

>> No.8360637
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8360637

Of course the astronauts have to be a woman and a nigger, when White males did all that.

>> No.8360670

>>8360637
Oyyyyy vey!

>> No.8360689

>>8358848
it will cause it to drop even more.

>> No.8360850

no such thing as good news in a bear market

>> No.8360886

Buy the rumor sell the news, we're about to take a dive. Maybe a fake pump first but then a selloff, same thing happened when cme were launched

>> No.8360963

that nigger cosmonaut is actually a pajeet

>> No.8361547

>>8360963
You say potato and I say potato

>> No.8361617

>>8358764
Too late. The damage is already done.
Bitcoin Core jews killed crypto.
Fucking piece of shit.

>> No.8361676

Too bad all the major merchants already dropped corecoin

KEKS BTFO

>> No.8361708

Lol the market is telling you how much they give a fuck about LN. We've been telling you no one wants this banker shit and now the complete non-response (actually dropped) from the BTC price should drive it home to you.

>> No.8361754

>let me just pay 70 dollars to open a channel with a business to do transactions with then when im done il pay another 70 dollars to close it. Then wait 2 days for it to confirm
Sounds too good to be true senpai

>> No.8361825

>>8361708
it's only in beta

>> No.8361848

>>8361754
im thinking that everyone will open channels with their cities big channel instead and deposit money into it maybe once a year

>> No.8361853

>>8361708
>no one wants instant transactions without fees

>> No.8361869

>>8361848
Corecucks are this deluded, I really can't tell if it is parody or not

>> No.8361885

>>8361825
when it drops, bitcoin will only do worse, sadly.
https://lnmainnet.gaben.win/
pick two random nodes, then realize, in order to transact there must be enough money on each hop of the route.
>yfw everything routes through central nodes which possibly can't have enough outgoing money to work.

>> No.8361903

>>8361853
There are lots of other cryptos that fit the bill and don't require me fucking around with some settlement layer bank middleman. Peer to peer, do you speak it?

>> No.8361976

>>8361869
it will be done automatically by your wallet without any work.
Did you really think it would be complicated with the BEST development team in ALL of crypto?

>> No.8362008

>>8361976
ok now I know you are trolling

>> No.8362039

>>8362008
bcash doesn't even get developed. They just forked and were done with it. Why would anyone buy that?

>> No.8362211 [DELETED] 

The Discord Pump group that is unstoppable,,,

https://discord dot gg/pbN4G73

>> No.8362344

>>8362039
On the top right of this post there is an arrow, click on it and select "report post", thanks.

The group is full of scammers

>> No.8362359

>>8358764
great so now this shitcoin is officially dead?

>> No.8362360

>>8362344
Why do they still bother? Do they honestly think people will care about btc if it crashes?

>> No.8362368

>>8362344
sry I meant this: >>8362211

>> No.8362374

>>8361885
why does everyone always ignore my post?
I'm giving you a way to prove for yourself LN will never work.

>> No.8362378

>>8362039
What? It recently got Cash Shuffle (CoinJoin 2.0) and in May they are reinstating like two dozen OpCodes. They are also releasing Oblivious Transfers in May which will put the privacy of Bitcoin Cash on par with Monero, ZCash, and ZCoin.

>> No.8362408

>>8361885
We will see if it works when they release. The math doesn't seem to work out so Lightning seems impossible. But let's wait and see.

>> No.8362664
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8362664

>>8361903
let me help you understand

>> No.8362734

>>8361885
>>8362374
You are an idiot thats why no one is answering. Imagine a forum for car experts and someone comes in and says "look I can prove your cars won't drive" and then posts some dump shit while everyone's already driving around in their car

>> No.8362779

>>8362374
Because you're retarded.

>> No.8362782

>>8362734
Bullshit. no one in here even uses LN.
I bet you can't transfer more than $50 over 2 hops without opening a new channel.

>> No.8362822

>>8362465

>> No.8362895

>>8362664
Also: at a price of 0.02$ / GB you would have to spend 3.471.336 $ on hard drives to run a note.
If you would be able to download 1GB / second you would spend 5.5 years downloading 1 year of blockchain.

This is the total state of bcash fags.

>> No.8362914
File: 52 KB, 594x401, todd.png [View same] [iqdb] [saucenao] [google]
8362914

>>8362734
>You are an idiot thats why no one is answering. Imagine a forum for car experts and someone comes in and says "look I can prove your cars won't drive" and then posts some dump shit while everyone's already driving around in their car
The Bitcoin developers have even said that if the transaction has more than one hop they start running into problems. I would bet the final version is hub and spoke (and therefore controllable through the hub nodes).

>> No.8362918

>>8362779
again the only response has no substance.
Prove it.
If you can manage to send $10000 using a route that requires 6 hops I will send you 1 BTC

>> No.8362938

>>8362895
>crying about bcash while core keeps dropping 500$ a day

>> No.8362964

>>8362938
why isn't bcash mooning then? Remember when it used to do that?

>> No.8362988

>>8362782
>I bet

>> No.8363016

>>8362914
it's extremely vulnerable to DOS attacks too. Since all the tx's must go through about 10 central nodes, just DDOS those 10 nodes and the entire network grinds to a halt.
>>8362988
Take me up on my challenge? you stand to make 1 BTC for free.

Send $10000 using a route that requires 6 hops and I'll give you 1 BTC. you don't have to give me anything if you lose.

>> No.8363094

>>8362914
You're just showing what a useless stupid braintlet you are. A 5min Google search shows a lot of solutions, f.e.:

https://www.cs.uic.edu/~jakob/papers/dart-ton07.pdf
https://pdfs.semanticscholar.org/69e1/6d11277f398afbb2de120e0e3f1b1c4337ef.pdf

My thesis was about a routing algo in an edge directed digraph. Hows your MC Donalds job doing?

>> No.8363125

>>8363094
we're not talking about "muh routing problem" brainlet.
We're talking about the elephant in the room no one talks about
LIQUIDITY.

>> No.8363139

>>8363016
use testnet, retard

>> No.8363149

>>8363016
>Send $10000 using a route that requires 6 hops and I'll give you 1 BTC. you don't have to give me anything if you lose.
The whole point of LN is to use it for small txs. Transaction costs are 0.1% when you pay 10$ to transact 10k onchain. But when you pay a Coffe for 2.5$ its crap. Anything above 2k should be transacted onchain anyway.

>> No.8363152

>>8363139
>use testnet, a forum where no one has to put up real money and there is infinite bitcoin.
You must perform on mainnet, where bitcoin are scarce under real conditions.

>> No.8363216

>>8363149
Ok then I'll give you $100 in BTC if you can send $100 over a route requiring 6 hops.

$100 is a small transaction, right?

>> No.8363224

>>8363152
they won't be scarce when it's usable though...
Completely pointless experiment

>> No.8363244

>>8363224
gee pointless, you could make $10,000 right now yet it's "pointless".

cognative dissonance, eh? or you just hate staying poor?

>> No.8363274

>>8363216
>Ok then I'll give you $100 in BTC if you can send $100 over a route requiring 6 hops.
You dont search a route by hand, thats not how it works you absolut imbecile.

>> No.8363319

>>8362344
bcashies are scammers

>> No.8363346

>>8358764
Bitcoin Cash is the real Bitcoin.
LN is death to crypto.

>> No.8363372

>>8363274
brainlets, please.
I can see thee network.
Set up a channel with two edge nodes that are far apart from each other.
That way I know the only way the transfer could have worked was if it went through at least 6 hops, i can see the shortest path myself.

are you babies going to make me step it through for you on how to do it?

>> No.8363378

There's a jew at the head of blockstream who is on video saying users should use tabs. Blockstream is financed by Digital Currency Group which has the same chairman as the FED. They have also taken money from Mastercard. Bitcoin has gotten slower and more expensive to transfer as well as have removed the ability to do zero-conf transfers which destroys "buy a coffe" with bitcoin functionality as well as lots of other "positive" features since blockstream took over the keys to the repo. /r/bitcoin is more tightly controlled than north-korea. All the original devs support bitcoin cash...

Yet... People still defend bitcoin. It's amazing really.

>> No.8363402

>>8363378
you would save a couple dollar if you used tabs with bitcoin cash transactions too... Crypto is trash

>> No.8363427

>>8359352
Stop huffing paint.

>> No.8363452

>>8363378

bcash roger ver bitmain jihan

>> No.8363499

>>8362664
>>8362895
Irrelevant, I have the choice between slower transactions that are more anonymous or faster transactions with a bank middleman, guess what I'll take the slower one.
>B-But you don't have to use LN
Yeah, I don't have to use bitcoin at all, I'll stick with something 10x as fast as BTC is if you opt out of LN.

>> No.8363541

>>8363402
bitcoin cash avg trans fee is 0.06$. Crypto is a revolution trying to be strangled in its birth by old-money controlling the bitcoin repo, utilizing thousands of trolls and trying to reverse reality. They want you to think crypto is trash but if satoshi's plan would just have been followed 1 bitcoin would be worth 1 mill dollars by now.

Bitcoin has had insane growth because even idiots slowly came around to how great it was. Then when it stopped working that came crashing down. The masonscum and jewscum that infected bitcoin should be brought into the light and executed.

>> No.8363543

>>8363372
An algorithm finds a route for you, optimally you would open 2-3 channels so your LN node is sufficently connected, you would then only have to do this once or until a node leaves.

Nodes that are always online and have large funding (like exchanges) will be popular nodes to connect to, unreliable nodes will not be chosen to connect to( except you want to).

>> No.8363597

>>8358764
UGhhh that's fucking disgusting, sell now

>> No.8363605

>>8363543
all I'm hearing is you think it won't work so you're not bothering to do something that should take 15 minutes for $100, or $10000 if you ave enough money

>> No.8363628

>>8363378
Its pretty simple, most people in crypto now don't actually give a fuck about crypto, they only care about it as a speculative asset.

>> No.8363699

>>8363149
You are absolutely, 100%, fucking retarded core cuck. Are you able to read you? Dont post routing whitepapers that have nothing to do with LN. To even have more then one hop, LN runs into problems. Why? Because another hop has to have enough on its balance for you to make that hop. Another reason is because every hop will require ledger to be modified. Its total and absolute train wreck made by two autistic cucks.

>> No.8363719

>>8363699
LN is functioning just as planned, it was intentional sabotage, not a fuckup.

>> No.8363761

>>8363628
yeah, that should have been the big tipoff, that all the people caring about getting the banks got replaced by business students.

>> No.8363795

>>8363699
Hows the weather in india, pajeet?

>> No.8363801

Well, I'm going to declare victory and leave now.

Reminder to everyone, I offered $10,000 for proof that you could send large amounts over lightning, no one took me up on it.

I offered $100 for smaller amounts, no one took me up on it.

LN is dead in the water.

>> No.8363804

>>8363719
You'd think the people in the crypto atmosphere would be smart enough to see through it. Nope the majority of people in every field are complete fucking morons.

>> No.8363829

>>8363795
Seriously kys you braindead faggot shill

>> No.8363906

>>8363804
Like I said earlier most people in crypto don't care about crypto, or the fractional reserve banking system, or anything like that. Most are just moonkids that got into it in 2017 just because they hoped it would make them rich.

>> No.8363964

>>8358764
Big and true.
http://fortune.com/2018/03/15/bitcoin-lightning-network-technology/

>> No.8363997

More like core cucks BTFO

>> No.8363999

>>8358764
>diversity
I wonder why it's failed on start

>> No.8364328

>>8359499
LN was actually developed by a woman and a black man. doesn't bode well for the tech

>> No.8364593

nice!!! just went x100 on bitmex

>> No.8365057
File: 84 KB, 498x531, NanoChad_0.jpg [View same] [iqdb] [saucenao] [google]
8365057

hey guise what about nano?

>> No.8365083

>>8358848
well it will be a complete failure so....

RIP bcucks and bcashlets

>> No.8365102
File: 1.75 MB, 800x832, 1521046462393.png [View same] [iqdb] [saucenao] [google]
8365102

>>8358764
IDGAF fuck BTC and fuck crypto.

>> No.8366013

Pftt, literally no one cares about this vaporware

>> No.8366035
File: 86 KB, 409x409, neet_laughing.jpg [View same] [iqdb] [saucenao] [google]
8366035

>Our pseudo-banking system is online. Aren't you happy?!

Corefags will hang on to the last mast before the sinking