Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
d_eddie
on 04/10/2017, 11:19:13 UTC
There's a lot more to gain in terms of consumer (cheap) payments, anonymous payments, smart contracts and more if we are just patient and allow developers to build on top of Segwit.

My point of view, too. I guess it is the point of view of many non-politicized bitcoiners who just want an increase of utility and value, while keeping the strong points: permissionless and trustless, therefore decentralized. Non-inflationary.

It will be interesting to see what the come up with, but I will take a lot of convincing before I move any coins off into a side chain - to me that smells like an alt-coin and I'm not into alt-coins.

You mean LN? The transitions from-to blockchain and sidechain are cryptographically secure as any other blockchain transaction. As for cheating counterparts, planned provision of a simple bounty for guardians (in case you're offline) makes sure they have very little wiggle room. It looks very good on paper, and I'm confident it will work as advertised in reality. At the beginning, channel capacity is going to be limited to reasonable sums anyway, so the risk for pioneers is really reasonable.