Post
Topic
Board Bitcoin Discussion
Re: Dr.Craig Wright talking about the end of bitcoin next year. [No FUD here]
by
franky1
on 16/11/2018, 20:42:57 UTC
craig wright is just a flop flop of social drama
contradicts himself, and just has a "fake it til you make it" mindset

but with that said.

LN is not a bitcoin payment system.
LN is a separate payment system for multiple coins.

now if the bitcoin network doesnt innovate the bitcoin network to be usable and cheap (i mean the actual bitcoin network).

 people will deposit bitcoins into LN. play around on LN but not want to get BTC back(slow confirms, only ~2k tx per block, higher fee's than many countries min wage). people will instead want to exit LN via an altcoin thats cheaper and faster.

its exactly like 19th century gold.
deposit gold into a payment network.. play with unaudited receipts of 'promised'(but not guaranteed) ownership(old bank notes). and at the end take out copper brass nickel metals(pennys, quarters)