Code:

+-------------------+ .:\:\:/:/:.
   | PLEASE DO NOT | :.:\:\:/:/:.:
   | FEED THE TROLLS | :=.' - - '.=:
   | | '=(\ 9 9 /)='
   | Thank you, | ( (_) )
   | Management | /`-vvv-'\
   +-------------------+ / \
   | | @@@ / /|,,,,,|\ \
   | | @@@ /_// /^\ \\_\
   @x@@x@ | | |/ WW( ( ) )WW
   \||||/ | | \| __\,,\ /,,/__
   \||/ | | | (______Y______)
/\/\/\/\/\/\/\/\//\/\\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\
==================================================================

Quote from: DooMAD on February 26, 2018, 07:09:10 PM

Quote from: RNC on February 26, 2018, 03:06:51 PM

Quote from: nullius on December 21, 2017, 08:13:41 PM

In that regard, I look at Lightning as a huge force multiplier for any further incremental on-chain scaling improvements. Of course, I also hope that Lightning itself will see further scaling improvements as it matures. If it gives big, then Ill want biggerwell, one step at a time!

Lightning is off-block and consists of banks that charge fees and many developers are running away from Bitcoin for this reason just as fast as they can.

I don't recall any banks announcing that they were going to run Lightning nodes. That would be a pretty major headline I'm pretty sure I would have noticed. Like most people involved in Bitcoin, I'm not a fan of banks. I'd be dubious of anything that resembled traditional finance and fractional reserve making their way into Bitcoin. Thankfully, the closest thing we have to that are called Exchanges. If only people directed their misplaced vitriol at those instead of attacking Lightning, which could well lead to completely decentralised exchange. There are no banks in Lightning.

You raise an excellent point, DooMAD. I myself try to do what I can, e.g.:

Quote from: nullius on February 21, 2018, 01:03:32 AM

Quote from: alia on February 20, 2018, 02:49:32 AM

I would also recommend that you steer clear of Coinbase altogether - they are a very shitty company and have banned my account for a rather trivial reason. Just don't use them. Get a private key and lock it in a fireproof safe, there's your vault.

This. If you dont have private keys, then youre not using Bitcoin. Coinbase is a bank. Be your own bank.

Quote from: nullius on February 11, 2018, 12:58:08 AM

Quote from: longlivecapitalism on February 10, 2018, 04:09:58 PM

Staking Bitcoin address? Well, sorry that I don't have a permanent one. All my Bitcoin addresses are given to me by exchange sites so there would be no point.

If you dont control your own private keys, then you are not using Bitcoin. Forgive me if I am underwhelmed by your opinions about the Bitcoin Forum.

However, please realize that the people who attack Lightning with such vitriol are not acting in good faith. Ulterior motives readily explain why they spread malicious disinformation misrepresenting Lightning as if it consists of banks (quoted above), whereas they ignore the issue of exchanges which are banks in any sensible definition of the word.

Lightning is like an off-chain P2P private wire transfer network connecting people who adhere the Bitcoin motto, Be your own bank. Settlements for Lightning-wire consist of on-chain, armoured-car transfers of bit-bullion. This analogy is intended to be roughly conceptual, not technically rigorous.

(I also find it curious that known troll account #1801074 RNC dug up and quoted a post of mine from when I had just passed from Newbie to Jr. Member. I can hear the gnashing of teeth over how e.g. there is now a Meta thread titled, Who the hell is nullius the guy is too smart around here :). I am also involved in some long-term running flamewars over there. But in Development & Technical Discussion, I try to avoid such things due to my respect for the moderators policy of maintaining a high S/N ratio for technical discussion.)