Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.
We will cross that bridge when we get there.
If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.
And, get the fuck out of here with your exaggeration that there is no plan in BTC..
OK, JJG. Tell me what the plan is to deal with the fact that once blocks are persistently full, then average fees rise uncontrollably, average wait times raise uncontrollably, LN channel openings and closings get economically prohibitive, and number of new entrants gets hard-capped.
What is the plan, JJG - what is the plan?
Bitcoin don't no need additional plan, especially by some dumb dumb like me (or even you or even Gavin Andresen) trying to outline some kind of future projection about some kind of ideal route forward.. blah blah blah.. because there is nothing broken about bitcoin, even if no additional changes were to happen, and there are market forces in bitcoin, incentives in place, fees adjust and scaling developments as we go.
Take your technical speculation mumbo jumbo (I am smarter than you technically) phoney baloney to some technical thread, and argue with those technical peeps that know and care about those kinds of things, because bitcoin gives no shits about what I think about its plan in regards to technicalities or lack of a plan in that direction... because I doesn't know nuttin about exactly how everything is going to play out.. except that I know technically knowing folks have been lording over technical nonsense for years about how bitcoin is broken, that is why we have 2,000 shit coins that make bitcoin better on a technical level, yet bitcoin seems to be doing quite well to adjust as she goes.. rather than getting broken with some dumbass BIG blocker emergency "technical" upgrade that does not need to happen because it costs more than it benefits to implement 20 lanes when, so far, we have a 2 lane town.. but we have enough room to add the other 18 lanes later.. perhaps, 2 lanes or 4 lanes at a time rather than all at once when they are NOT needed except based on unsubstantiated technical speculations like you spout out on a regular basis.
Said another way, there is nuttin broken in bitcoin, so stop trying to assume facts that are not in evidence...
bitcoin has been scaling with the increases in usage, and it is likely to continue to accomplish such.
"Go bitcoin go... "
As some "moar reasonable than you" peeps like to say.
