Post
Topic
Board Bitcoin Discussion
Re: Worried about global bitcoin acceptance
by
figmentofmyass
on 14/01/2018, 00:03:27 UTC
People are starting to think that lightning network is a vaporware.

maybe a year ago, but that line is getting tired now. the network specs have been established, there are multiple interoperable LN implementations, and the testnet has thousands of nodes! not only that, but real LN transactions have occurred on the mainnet. there is even a vendor (TORguard) who is accepting mainnet lightning payments today: https://twitter.com/torguard/status/950383059735646209

Even though bitcoins are accepted by banks and the government in mainstream , it would still take a lot to bring it down. Many are holding to their btc.

i think people are getting a bit too comfortable. the major powers haven't gone the route of legal recognition like japan. and particularly of note in the US: the futures markets were self-certified. i think it's very possible that we see some clampdowns on the industry. i wouldn't be surprised to see an exchange or two shut down by the US government. and everything feels rosy now, but in the long run, i won't be surprised to see an about-face from major governments on mining and crypto payments.