Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Flaws in LN (Lightning Network).
by
bob123
on 25/10/2018, 08:41:43 UTC
⭐ Merited by Foxpup (2)
FYI:
I Said MANY ALTs have cheaper transaction fees, I only list two.

True. And all of them are way less secured than bitcoin.

I'd rather pay a few cents to have a transaction being secured, than paying the fraction of a cent to have 0 protection.



FYI2:
Bitcoin can never truly be a Global Currency as it is too scarce making even the 8 digit below zero nonsense cost too much for the majority of the world populace,
Zeit & Mint both have a large enough quantity to be global currencies and both already exceed bitcoin's onchain capacity.


1 satoshi is too expensive ? Currently that's 0.00006481 $.
Also, making the minimal unit smaller only requires a softfork (e.g. to divide 1 satoshi into 1.000.000 units). This can always be done when necessary.

Those shitcoins are both worthless. A coin without any use (security = 0) can never be a 'global currency'.



FYI3:
LN is a 3rd party offchain payment system

3rd party ?
It's called open source development. Anyone is free to contribute.

Additionally, LN is just ONE implementation of HTLC's.



Why do you even post in this forum, it's a discussion about Bitcoin and lightning. Nobody cares about your shitcoin.

This.