Post
Topic
Board Development & Technical Discussion
Re: Concerns regarding SegWit + Lightning Network?
by
Anti-Cen
on 07/03/2018, 19:59:51 UTC
So you are claiming bitcoin is ruled by corporations?  If that were true then wow we should let everyone know!

Well yes and I agree with him and I offer this link as proof https://blockchain.info/pools that shows eight big pools control 90% of the
network and if this so called competition between miners was true then fees would have not reached $55 per transaction because
a few miners would have had the brains not to try to hold a knife to users throats whilst asking for donations to cover the transaction costs
and as a result this crashed the price from $19k to about $10k and now we are trading sideways.

This situation is only going to get worse since the miners are going to be also running the lightning network banking hubs
I feel so yes I am letting everyone know and I even contacted the LN project manager but he was unavailable for comment and
won't even reply to emails.

ETH had a similar problem that was a result of Crypto-Kitties but the miners had a meeting and decided to remain responsible
and didn't pump fees up so no it's not a democracy and given that bankers pump and dump who's says what pockets they own.