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.
..
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,
So you
admit that the bolded statement of yours above was an untruthful attack.
Nope. I am not admitting that bitcoin has no plan. I am just cursorily dismissing your assertion that whatever is going on in bitcoin is deficient in terms of preparing for the future.
OK, so you keep asserting that BTC has a plan to deal with the negative effects of persistently full blocks. HOWEVER, after repeated requests to reveal what that plan actually consists of, you do nothing but deflect and dissemble.
I call BullShit.
I like bitcoin's conservative approach.
Then you are deluded. BTC's The SegWit Omnibus Changeset was the most radical change ever to be foisted upon Bitcoin, from every discernable dimension. It changed the protocol radically, it changed the supported use cases radically, it changed the economics radically, and it drove a huge percentage of Bitcoiners to greener pastures.