Post
Topic
Board Altcoin Discussion
Re: Bitcoin (Cash) > Bitcoin Legacy
by
xskl0
on 13/01/2018, 13:12:52 UTC
Sorry sir, what you try to say here ? your post tittle sound confusing, and i allready read that bitcoin whitepaper long time ago when im still in highschool

I dont even try to read the whitepaper but i have felt that bitcoin is the best one.
However i also confuse what the op try to say.

Try to do a 15$ transaction with BTC, then try to do a 15$ transaction with BCH. After this experiment you will no longer feel Bitcoin is the best one but a doomed non-currency.
Thats because Bcash is simply not being used enough to justify any fees. Bitcoin blocks on the other hand are almost full. A quick look at the sizes and no. of transactions in clocks will tell you the difference. Right now its a supply and demand thing. As LN gets deployed, these problems will start to get solved.

For the long term, combination of robust scaling solutions like Segwit, LN will ensure that Bitcoin remains the truly usable currency on scale while the lies being spread by Bcash will be exposed.
BTW, Its not just Bcash that can do transactions at low fees. Every other Alt-coin with PoW can do the same. Talk about it when you come in that league. In the last hour BCC blocks had just 4-500 transactions while bitcoin did more almost ~8000. Go check the blockexplorers
BTC: https://blockexplorer.com/
Bcash: https://bitcoincash.blockexplorer.com/
I pay you 100$ if you can explain how to open a LN channel to my grandmother and she understands.

That is the argument you can come up with. You think LN is not a solution because your grandmother can't understand it.

Does your grandmother know that the computer that is displaying images is actually just a combination of infinitely small pixels attached side by side and being lighted up in a perfect order by a background signal to ensure that just the right image forms on her screen. Or that those pixels are being manipulated at a rate of ~60fps to ensure that she sees them as moving images and not as still paintings.

Does your grandmother understand how a tiny transistor which is the basic functioning block of every single processor performing Arithmetic and Logical calculations is just a gate that allows a signal to be high or low depending on the input at its gate.

You see, you don't need your grandmother to understand how it works for her to use it. Even you don';t need it. The argument that it should all be understandable to an average user is childish.
What should be easy to understand is that big blocks will result in much more centralization as only miners and people with huge server capacities will be able to run a full node. That takes the power to validate the blockchain away from an average user. And it doesn't even begin to solve the real problem.
I don't mean how LN works I mean how to open a Lighning Network Channel and send funds there from a Bitcoin wallet.