Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transasction time and fees - What are the solutions ?
by
classicsucks
on 18/05/2017, 08:34:14 UTC
Well, there are options on the table like SegWit < temporary relief > and then Lightning Network < permanent solution > that has to be accepted by the people that are running the Bitcoin software. < Full nodes >


I'm not an Unlimited fan, but this just sounds horrible when I read it. A functioning Lightning Network doesn't even exist yet, and there are still serious questions about the centralized nature of it, patents by Blockstream, and the outright corporate take-over of bitcoin. Lightning is not bitcoin. And Segwit is a horrendous hack.

Finally, bitcoin could function fine with a simple fork to a bigger block size, with a one-line code change. Or, we could wait around another 6 months for the mempool to become unmanageable, and let Unlimited hard fork the network, which could unleash total mayhem.