Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
wachtwoord
on 12/01/2019, 13:42:30 UTC
⭐ Merited by JayJuanGee (1)
Of course lightning is a far weaker system than Bitcoin offering far less security and censorship resistance.

You miss the point it does nothing to fix the current monetary system.  The fact bitcoin is designed around having built-in, rent seeking middlemen who you need to ask permission from to move the coins you supposedly own, and then need to pay a ransom extortion fee to, should be a red flag to any non-idiot that bitcoin at it's core does really nothing to alter the evil banking system that currently exists.  The variable of fixed money supply in bitcoin vs infinite fiat supply is pretty much a giant red herring to distract people in this regard.


You don't understand. Lightning is not an equivalent to the monetary system but to a single payment system. Even if lightning is undermined still #bitcoinsusersnotaffected holds. A middle man hardly is a middle man if it's trivial to avoid him Wink