Quote from: Paashaas on June 15, 2018, 03:59:56 AM

Quote from: jbreher on June 15, 2018, 12:04:51 AM

My guess is 'no'. I'm probably the most persistent Bitcoin* believer / SegWit skeptic still participating in this thread, and I ain't getting paid. (Most others of my opinions seem to have left for more hospitable climes). And while I may have a limited perspective on the matter.

I'm glad you starting to admit it. I'll give you a merrit because of it.

You should educate youreself more about Bitcoin/Segwit/Lightning and all the other cool projects comming oure way.

None of you people understand the macro view of Lightning. If you did, you would know it's not possible to just remove the focal point of bitcoin (longest chain rule) without the entire thing falling apart. The fallacy of all these people's thinking is that Lightning will be some type of added layer which is entirely subservient to the rules of bitcoin. This is COMPLETELY FALSE. Lightning is it's own entity that would not be subservient to the rules of bitcoin at all since each system uses an entirely different focal point:

Quote from: realr0ach on June 14, 2018, 03:29:03 AM

Lightning network has always been garbage. If these things didn't require putting all transactions in a common que, bitcoin would have already utilized parallel scaling in the first place. Lightning network can only function as a completely centralized hub and spoke model for numerous reasons like liquidity and needing a common que to prevent attack. Or to put it simply, if you're not using something like a longest chain as a focal point in an open join/leave system, it's always going to turn into a system of 'trusted' nodes.

You don't get to just 'remove' the focal point. A focal point is required. If you remove the longest chain focal point, the new focal point becomes trust by default. We are Walmart, trust our node because we're Walmart. We at Walmart also only trust nodes run by Goldman Sachs. Trust us both. We also refuse to route any transactions to any other nodes. None have proper liquidity to route anyway.

At the end of the day, these are all stupid and dysfunctional Rube Goldberg machines that are hyped by scammers. It's 100% impossible to create a decentralized digital currency. There is no reason whatsoever for any of this stuff to exist in comparison to silver and gold.