Quote from: Lauda on June 12, 2017, 09:32:48 AM

Quote from: deisik on June 11, 2017, 02:27:06 PM

I'm curious if you understand how that invalidates your whole point

Are you desperately wanting me to call you an idiot? I can't hold it much longer with these idiotic statements. I would really appreciate learning from someone with superior knowledge, but you are not such an individual.

Quote from: deisik on June 11, 2017, 02:27:06 PM

If they don't show up on the blockchain, it essentially means that these transactions can make up the bulk of all transactions, and thus it is reasonable to claim that Litecoin will never encounter the issues that Bitcoin now faces. In other words, as soon as it starts to feel the pressure (Bitcoin style), more and more payment channels will spring up, thereby effectively removing the overhead. If you need just 1 payment channel to embrace 1,000 separate transactions, that's pretty much it. Litecoin may in fact encounter a lot of other issues (I don't really know), but this is certainly not what you have been claiming, right? I may not understand the gory details behind LN mechanics, but all I need to know is that it allows to massively move transactions off chain in a systemic way

This post is absolute false garbage that is built upon your skewed and extremely elementary understanding of LN. I asked you for a calculation and you've provided to create that one because you don't know how to calculate it, because you do not understand it. LN alone is NOT ENOUGH for "never encounter the issues". This is every written in the whitepaper, which you have not read

You should understand that I'm not of the type who can be so easily swayed

First of all, the issue you are describing now has nothing to do with what you have been claiming. This is not the problem that Bitcoin is facing now, i.e. high fees and slow confirmations. This is an entirely different story, even if it is true (and this is a big IF on its own). So you may want to think twice before calling someone an idiot and then think again (personally, I don't care, I just want you to check your reasoning first how well it adds up in and of itself). But this is in fact irrelevant, and you can discard this point altogether. What is of real value here is that Lightning Network is set to specifically address the issues mentioned, so it can't possibly encounter them if it is created to solve them in the first place ("capable of millions to billions of transactions per second across the network"). What are you arguing with?