Post
Topic
Board Bitcoin Discussion
Re: What's going on? Bitcoin for the rich only?
by
yambub
on 10/06/2017, 00:53:40 UTC


How is bitcoin not peer to peer even if the fees are higher? it's peer to peer, just rich peer to rich peer.

Yes, that's why I said it was supposed to be a peer to peer system for everyone. Now it most definitely is not.
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If we want to solve this situation, we need segwit, then lightning networks.
Absolutely! Lightning is amazing, but what can us ornery folks do to take the decisions away from the greedy cro-magnons? Thisis a future I want to see, This video sums it up brilliantly, https://youtu.be/r-wlypHbgIU

The boring people have been in charge for thousands of years, it;'s time to bypass them and their dull sad world and take control for ourselves. I'm sick of them and their short-sighted greed.

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Onchain transactions will always be expensive for small transactions.

This is not strictly true, even a year ago it was possible to send small amounts cheaply, so it's possible again. It's just a matter of design and it would be quite possible if the will was there. As always, the wrong people are leading the way. The design of the system is being steered away from what it was intended. Maybe it will take another coin to force them to do as we want?

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If we want to get everyone on board, again, segwit + lightning network is the way to go.
I think so too, what can I do to push in that direction?