Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is garbage.
by
Cryptonite310
on 11/02/2018, 19:47:47 UTC
It has come to my attention (this thread) that many of you still have no clue about the lightning network.  Have you guys not seen fees and transaction times lowering and speeding up?  

Here is an article those of you unfamiliar with the Lightning Network should read ASAP- https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5

Now take a look at where the hash rate is- https://blockchain.info/charts/hash-rate

Transaction cost-  https://blockchain.info/charts/cost-per-transaction


Also outlets like Coinbase are FINALLY starting to implement SegWit.  

Bitcoins future is still very bright and the blockchain can ALWAYS be updated to make Bitcoin better.  Don't let a "Legendary" status member influence you, the status means little to nothing here.  If you read his trust it looks like his agenda is pretty clear.  FUD spreader.
Alt coins are good for testing out new protocols like segwit, and lightning network, and there will probably be other updates to the BitCoin Core in the future as more and more people are using it.
If BitCoins going to be updated, it's best to test it out on the litecoin blockchain first, as it's the next best thing to bitcoin. if it's good, bitcoin gets it too.

As for small transactions... BitCoin may not be the best currency for that.
Lot's of alt coins out there that are.