Quote from: DooMAD on February 20, 2018, 04:15:54 PM

Quote from: sjefdeklerk on February 20, 2018, 01:01:09 PM

There is no middle ground man. Yeah sure for some tech nerds maybe who don't care about adoption.

Yes, everyone who's currently working on Lightning is doing so because they don't care about adoption. Roll Eyes

So you think they're just working on it for a bit of fun? Something to pass the time, perhaps? Also, saying that all of these "nerds" are working on a scaling solution because they don't care about adoption sounds quite counter-intuitive if you think it through. Why would someone work on something that could help with greater adoption if they don't care about adoption? If those people building it shared your concerns, maybe it would be a different story, but as things stand, it just sounds like you're pissing into the wind here. Either way, whether you understand it or not, they're going to keep working on it.

Quote from: sjefdeklerk on February 20, 2018, 01:01:09 PM

And with all the current scalability problems I just don't see how adoption will increase

So we should all give in to your limited perception in regards to how we perceive Bitcoin going forward? Please explain why we should care about what you can't see. What makes you qualified to say this is a waste of everyone's time? I think this is where we get to the crux of the matter, which is where you simply won't be able to perceive the benefits until you understand Lightning a little better. I can see how it's not the easiest concept to grasp right away. It does take a while to get a sense of how and why it works the way it does. But until you're there, I can't give your mudslinging from the sidelines much credibility.

Quote from: sjefdeklerk on February 20, 2018, 12:58:19 PM

Everybody here seems to agree, LN is ONLY suitable for small payments. But a system will never work if it can ONLY be used for small payments.

"Small" is a matter of perspective. While it's in beta, just as a precaution, LN is currently capped at a maximum of 0.16777216 BTC in each channel and 0.04194304 for each transaction. At current prices, 0.04194304 BTC is ~$480. There are plenty of places in the world where that's not considered a small amount of money. It's roughly the yearly minimum wage in Tajikistan, for example. You sound like one of those "first world problems" people who think that just because it isn't directly of benefit to you, it can't be of benefit to anyone at all.

When i first heard about LN and done some reading. Concepts and Ideas popped into my head. They are effectively mimicking the internet and how packets are transmitted from computer to computer without having to be directly connected for Instant Payments! Absolute Genius!

If i was VISA/MC/AMEX or any payment processor, maybe WU, i would jump on quick smart. They could be a Major NODE! earn fees just for routing BTC having channels opened to other smaller nodes.

It reminds me of Blockbusters, imagine if they were creative enough to stream over the internet.

Regardless of what people think, we need TX Fees. When block rewards ceases. Miners are going to need as much TX fees as possible to keep doing what they are doing.