Post
Topic
Board Web Wallets
Re: Blockchain is charging high fees - $0.25 for sending 1 Bitcoin transfer
by
marky89
on 27/08/2016, 08:35:25 UTC
...LN will probably be quite useful for these pocket change transactions.

Like I said:

Patience, gentlemen. Blockstream is building out an overlay network... where we can exchange Bitcoin IOU's. Artificial scarcity is the carrot and stick that will lead us to this new, revolutionary, fully decentralised, and downside-free paradigm. Join me in patiently waiting, will you?

These earth-shaking disruptive techmologies are sometimes like this... you have to form a company... capture a protocol, then monetize it. It doesn't happen overnight... patience pls.

Mind explaining how that works? Because it sounds like a bizarre conspiracy theory. LN contracts are not "IOUs" -- they are trustless. No custodians. Completion of time-lock is the only pre-requisite for pushing onchain if necessary.

If you're going to bring that r/btc trash here, at least back it up...