Quote from: Carlton Banks on August 21, 2015, 01:39:46 PM

Quote from: JorgeStolfi on August 21, 2015, 08:13:59 AM

but the LN will not work, and will not be bitcoin...

Yes Jorge, that's why they're using different names for the two different technologies. Using different names for essentially different concepts is a useful method of being able to refer to said concepts in a way that makes them easy to differentiate from one another.

You got 10 Cute Points there, but surely you know what I meant?

Blockstream's invariant message for the last two months has been "it is not necessary to increase bitcoin's block size limit because the LN will accomodate any future traffic increase." Except that the LN will be centralized and dependent on trusted third parties; users will have to submit to AML/KYC, their coins will be locked in the system for months, ad their payments can be easily traced and blocked. Oh, and, while bitcoin exists and sort of works, the LN is very unlikely to do either thing...