Quote from: ThrobbingSausage on April 03, 2019, 05:42:23 AM

Quote from: jbreher on April 03, 2019, 04:48:27 AM

Except, of course, that exchange trades are an example of Layer 2 trades. I'm not making an argument, I'm answering your question. You asked what Layer 2 solutions existed for the other forks of Bitcoin, so for the sake of answering your explicit question...

Chicken Egg problem. What came first. The money or the bank. I do not respect your answer. Do you like XRP too ?

'Respect my answer'? Get the fuck out of here with your 'respect'. You asked, I answered truthfully.

No, I don't like XRP. I don't particularly like exchanges either, though they do have their purposes. And one of those is as a Layer 2.

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Quote from: jbreher on April 03, 2019, 04:48:27 AM

Lightning is replete with security tradeoffs. Worth it for some, intolerable for others.

Name one tradeoff worse than Layer 1.

The potential to have your funds stolen.

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Quote from: jbreher on April 03, 2019, 04:48:27 AM

Near-instant? Statistically. Amazing the things that work with five-nine's determinism when blocks are big enough to swallow all transactions generated.

Gobbledygook. Senseless.

Your inability to grasp simple cause and effect concepts is duly noted.

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Quote from: jbreher on April 03, 2019, 04:48:27 AM

BTC doesn't do this, with Lightning.

You are wrong. You try to be evil on Lightning, and counter party is fully rewarded and you lose everything. Incentive to play nice.

And now with the topic swerve. The quote above has to do with flawless subsecond execution of all desired economic txs. Which LN does not support. It may some day, though I doubt it.

I don't deny that LN provides and incentive to be honest. However, it also exposes the simple possibility to be dishonest. And the weaknesses under which such dishonesty will sometimes be rewarded.

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Quote from: jbreher on April 03, 2019, 05:07:12 AM

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

Hyperbole.

Your inability to grasp simple cause and effect concepts is duly noted.