Post
Topic
Board Development & Technical Discussion
Re: Bitcoin Adoption and the Scalability Problem. What can normal users do to help?
by
Wind_FURY
on 18/03/2018, 05:36:11 UTC

It's not a soft fork, so it doesn't activate. Your statement therefore doesn't make any sense

Lightning is already running, but still in a beta form. The UX is fairly clunky and there are potential bugs in the various implementations. It's not ready for mainstream use yet.

It's a system of mini banks, we have gone over this time and again but you love on-block, then off-block because
you are a member of the party faithful here and resort to insults when faced with facts.

"A system of mini banks"? I do not understand. Can you first give us your definition of banks and apply that to why you think Lightning is a "system of mini banks"?

It is a system of payment channels on top of the Bitcoin network.

Quote
Currently they are just testing LN inter-bank transfers and then we might get a wallet but it's going to take a year or
so before Jaxx or Exodus wallets are going to implement LN (if they ever do) and the voice from developers like me
will only grow stronger in the mean time.

It will be officially released when it's ready. But there are beta releases out there from Blockstream and Elizabeth Stark's team.

Quote
The blind faith card has been played, fees went to $55 using this "Market Forces" argument so take both TN transaction fees and
interest fees out of Lightning and fudge the "Off-block" divide and conquer for now whilst a scaleable on-block solution is found or face the very
real prospect of Bitcoin being confined to the history books and i am not alone in saying this but others that step forwards here get chased
away.

"Scaleable on-block solution"? There will not be one. But if you propose a 10,000gb per block size then you are welcome to be on Roger Ver's Bitcoin Unlimited team. Hahaha.