Post
Topic
Board Press
Re: [2017-12-20] Bitcoin Lightning Network Is Coming: Test a Transaction Now
by
btcton
on 21/12/2017, 04:50:38 UTC
Finally! Everyone who supports Bitcoin in the ongoing war against BCC have been waiting for. Lightening Network will solve all the problems that caused the rise of fraud-coin BCC and decline of The Bitcoin in last few days. This will prove that BCC has nothing new or revolutionizing to offer and BCC will become just another altcoin again.
What I want to ask is how is LN going to be implemented and when. Do we need another fork or LN can be added on top of Bitcoin blockchain so we don't need to change the rules?

I don't see why this should be considered a "war" with Bitcoin Cash. Even though it originated from the original Bitcoin blockchain, it should still be considered an alt coin. The only ones who want to call this a war are the Bitcoin Cash supporters who see Bitcoin Cash as rightful to the title of just "Bitcoin", which it is not, since it helps promote this conflict that gets them free promotion and a better chance at popularizing the name. As for the Lightning Network, just be patient. It needs to be as bug-free as possible when it comes out.

Oh boy, this is exactly what we need. Bitcoin's rapid growth has more than ever put a heavy load of pressure on Bitcoin's network, which is something that for new users may be a bit too much to swallow.

If you want to send like $50 worth of Bitcoin, only $40 will wnd up reaching its destination due to the fees being like $10 on average. It might scare off people, which would be a damn shame.

I however don't hope that lightning network gets rushed due to this. I prefer to wait a longer while and have it be solid and thoroughly tested through, than seeing it come online with potentially severe bugs and whatnot.

I completely agree in everything you said. The developers have stated that they will not rush out the Lightning Network and will perform extensive testing before putting it on the main net, so there should not be much to worry about. It is all about being patient.