Post
Topic
Board Bitcoin Discussion
Re: Segwit on Bitcoin has Failed , BTC Core has Lost , The Miners have Won
by
mezzomix
on 15/02/2017, 08:12:59 UTC
I would like to see Off-Chain and Sub-Chain solutions. This is much better than the current centralization with 5-10 miners. Competition is a good thing.

BTW competition is not stealing!
When you compete with someone else , you are not locking that other person in place where they can not compete with you.

LN Locks BTC in Place ONCHAIN, once locked there can be no future transactions fees for the miners on that amount of BTC until LN releases the lock.
However LN can makes an infinite amount of transaction fees OFFCHAIN on that locked amount, while for the miners it is frozen.

Why do you always talk about LN?! I wrote Off-Chain and Sub-Chain in general!

Off-Chain and Sub-Chain transactions need the blockchain anyway. There is no law that a crypto transaction might not be made without a miner taxing this transaction!

You seem to think that the Bitcoin communitys only purpose is to support the miners. That is wrong - the miners job is to support Bitcoin!