Honey Badger really doesn't give a shit if some moon kidz want to characterize his activities as "stagnation." Who made you his life coach?
Lightning tx are trustless. They are not some idiotic trusted 3rd party solution like Dash's Masternodes.
A Lightning type payment channel is simply a write cache for the blockchain.
Do you know how much the write cache improves a hard drive's performance? Try turning yours off and find out.
Why don't you moan about the presence of write caches on hard drives, and spew FUD about how output operations to the write cache aren't real "on disk" transactions!
Lightning tx are trustless. They are not some idiotic trusted 3rd party solution like Dash's Masternodes.
Quote
"As a key feature of the Lightning Network, Poon and Dryja proposed trustless bidirectional payment channels."
https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/
https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791/
A Lightning type payment channel is simply a write cache for the blockchain.
Do you know how much the write cache improves a hard drive's performance? Try turning yours off and find out.
Why don't you moan about the presence of write caches on hard drives, and spew FUD about how output operations to the write cache aren't real "on disk" transactions!
You're a foul mouth little Asshat ,
LN is Offchain Transactions , a Service that will Directly compete with the Miners for transaction fees.
LN will allow counterfeiting & banking style fraction reserves in to BTC.
A write cache would not allow counterfeiting & banking style fraction reserves in to BTC.
Also a Write Cache would actually speed up ONCHAIN TRANSACTIONS,
IN NO WAY POSSIBLE DOES LN SPEED UP ONCHAIN TRANSACTIONS!
Due to LN locking requirements it would actually SLOW DOWN ONCHAIN transactions by locking them.
That would require a blocksize increase or a faster blockspeed.
So your write cache analogy is bullshit.
FYI:
You seem to not understand the following ,
Quote
These off chain payment channels still rely on broadcasting back to the Blockchain.
If we already have congested blocks then how is Lightening even going to work?
The transaction fees and intermittent nature will still be present as these channels will only scale so far and we would still need to figure out how to scale on chain.
If we already have congested blocks then how is Lightening even going to work?
The transaction fees and intermittent nature will still be present as these channels will only scale so far and we would still need to figure out how to scale on chain.