Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
where's trolfi these days?
he's hanging out on reddit surprisingly he's defending our beloved Bitcoin to the bitter end.
https://www.reddit.com/r/btc/comments/45rqb3/heres_adam_back_stalling_master_hei_gavin_lets/czzykx4?context=3
What frightens me about Jeorge is he actually uses math in his reasoning
Quote
If only 10% of the bitcoin users are in the LN, and the other 90% are still using raw bitcoin, then (very roughly) only 1% of the bitcoin payments will be through the LN, 81% will be between two raw bitcoin users, and 18% will be between an LN user and a bitcoin user. The latter will require at least two on-chain transactions, to close a channel and reopen it. So the on-chain traffic will be 81% + 2 x 18% = 117% of what it would be if there was no LN.
That's sort of unsporting...EDIT: onoes! what's happening to our price?!
Billyjoe, you promised support @400
