Quote from: AztekPhoenix on December 10, 2017, 05:04:17 PM

Quote from: tekmobile on December 10, 2017, 04:59:33 PM

Quote from: AztekPhoenix on December 10, 2017, 04:54:46 PM

Quote from: tekmobile on December 10, 2017, 04:48:31 PM

sending $10000 costs the exact same to mine and store as $0.01 does it make any sense for all those $0.10 micropayments to be stored on the chain forever

Ain't it much better to store safe and secure your vast wealth on the chain and for all the little nonsense transactions that you will potentially make to be forgotten about straight away I mean do you really care that much that you can look back on your life 20 years from now and say here was my first coffee I had with bitcoin

Giving control over a new monetary supply to the Banking cartels so they can continue enslaving the populace with their fractional reserve shenanigans is beyond stupid.
And that is the purpose of ShitNet & SegShit.
With Shitnet and their so called routable channels, they will decide whom you may transact with and have the ability to confiscate your funds,
abilities they do not have without segshit & shitnet.

╥Aztek

LN Node operators cannot confiscate funds it's a timelocked contract enforced by the main chain LN is designed to be trustless meaning you do not need to trust the node operators it is not in their interest to try and cheat you and if they do try then you can close the channel with all funds yours and theirs

LN NODES CAN CONFISCATE FUNDS.
They can charge Fees and removed them until they removed your entire amount.

Banks make money by charging Fee, the Banking cartels are going to run the LN Hubs and determine the routes and the fees structure.

Like I said, you ignore too many details.

╥Aztek

You create a channel and a fee is only paid when you make a payment if you don't send anything they cannot charge you a fee

And you are making shit up to back up what you think