Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
If lightening introduces cheaper/free-like transactions? wont that diminish the value/volume of expensive(price driving) bitcoin transactions on the main chain?
Lightning Network payments are capped at an upper bound. I believe it's something like 0.05 BTC maximum, per transaction, at the moment.
It's great for micropayments, but if you want to send someone more than 0.05 BTC, you're better off using Bitcoin proper.
For now at least.
I just ran into this. This is so stupid.
No shit it can't look like the one on the right. The one on the right is the problem. That's what bitcoin looks like right now and it's the reason why it doesn't scale.
No shit it can't look like the one on the right. The one on the right is the problem. That's what bitcoin looks like right now and it's the reason why it doesn't scale.
What Lightning ACTUALLY looks like.
https://lnmainnet.gaben.win/
We're in good hands.