Post
Topic
Board Bitcoin Discussion
Re: Finally, Bitcoin Core = REKT
by
mikewirth
on 30/01/2016, 08:39:07 UTC
... The Lightning Network is going to be part of Bitcoin and it is free to use.

Like bitcoin is free to use! Wink

8.5 Fees
Lightning Network fees, which differ from blockchain fees, are paid directly between participants within the channel. The fees pay for the time-value of money for consuming the channel for a determined maximum period of time, and for counterparty risk of non-communication.

Do you know why the paragraph is titled: '8.5 Fees'? Because in the future they will just make the amendment '8.51 Additional Fees' and lay down a fair use price to be paid to Blockstream.  Blockstream is privatizing Bitcoin via a sneaky run around.  Their make excuses all day why 2MB is dangerous - when in fact 8GB probably isn't.  They are merely creating a need for their Lighting Network.

Core is the now the fucking Alt.