Quote from: Hoangle1523 on December 30, 2017, 03:40:56 PM

Sup guys!

I think this is a very important piece of info as we all kinda doomed bitcoin, but this might be a breakthrough.

The lightening network is a technology basically adds a layer of tech that can be a scaling solution for bitcoin, its supposed to prevent the high fees and slow transactions, with the same level of security.

A few days ago the first payment using the lightening network was successful, it was made to pay a phone bill.

The payment was INSTANT, and the fees were ZERO.

Here's the full article - https://www.coindesk.com/payment-provider-bitrefill-runs-successful-lightning-transaction-test/

Bottom line - the lightening network could solve most of the problems with bitcoin - if it does, its a huge step forward in terms of bitcoins scalability, meaning itll be easier to get mass adoption and use BTC for day-to-day transactions, and generally will be great news for the whole crypto section.

The much anticipated update is finally here. This improvement will surely eradicate the long lasting scaling problems of bitcoin and blockchain. The last attack on bitcoin when the fees aggrevated to around 900 sats/byte has really ended the utility of bitcoin as a currency. With this network finally bitcoin might be of use as a means of settlement rather than just an asset.

Quote from: filharvey on December 30, 2017, 06:32:47 PM

Quote from: bizul on December 30, 2017, 04:21:14 PM

That's positive news, but still not enough to cheer the market back up. I don't want to sound negative but even when Lightening Network is fully implemented, it'll be too late for bitcoin to win all the investors who already moved to support new cryptos. New cryptos are implementing features that are missing from bitcoin such as anonymity and private transactions. Bitcoin is already outdated. I'm not saying that bitcoin will die. I'm sure bitcoin will stay forever however, it'll slow down gradually until another coin takes its place as the main crypto-currency.

Certainly not.Bitcoin had been the ultimate choice of most of the investors.The only drawback it was facing was the high transaction fee.Most of the investors had been longing for the lightening network to get activated.This is now really a great news.This would once again make investors to return to bitcoin once again proving it to be the king of crypto currencies.

That isn't really a drawback for the investors. High transaction fees doesn't affects them. Investors focus on returns and volatility of any coin. Investors still invest in bitcoin. Its the investors who have taken it to 19K despite of such high fees and time. Now what we are seeing is just a correction and nothing else.