Post
Topic
Board Bitcoin Discussion
Re: BTC as "every day" spending currency vs. 10 min Block Confirmation/Mining time
by
franky1
on 26/12/2021, 01:43:39 UTC
you might want to check on your assumptions.
https://bitcointalk.org/index.php?topic=5369431.msg58357392#msg58357392
rath is a dev for the altnet known as LN. even he has 70% fail rate in 2021

yes its an altnet. its a different network. its literally highlighted in the name. N part of LN. the handshaking and communication format agreement of messages between LN peers is different then the handshake connection of bitcoin full nodes.

as for others using the swimming pool/hose analogy. the filter connecting the 2 separate vessels of separate fluid is a filter separate smart contract that converts piss to water. (rounds up/down millisats to sats)

the LN 'payments' (invoice and secret reveal)(aka hose) is a separate contract than the settlement contract(sat denominated bitcoin format)filter

the hose is not part of the pool that only works for that pool. it needs the specific filter for a bitcoin pool and uses a different filter for other pools.

inside the hose is invoice payments and htlc secrets that open up milisat payments(piss not water).
the hose of piss, is not bitcoin.

...
as for Doomad wanting me to die by fire.. a bit harsh, why so emotional..
.. oh, because he is mad that he has not realised that LN does not have the same security as bitcoin. nor the features of bitcoin.. doesnt make payments in the same units as bitcoin, he has not realised the differences. he has failed to understand they are separate networks that do different things. offering different features. even when the name of the altnet literally says it in its name..
.. he may also be mad that its someone that doesnt like other networks, doesnt want to use other networks, that has highlighting the differences and even suggesting that these differences could, if honest about them be used as positive PR spin for why people could use another networks.. but instead Doomad wants to stick with lies and deception to pretend it is bitcoin and fool people  into thinking its just as secure and safe and guaranteed as bitcoin.. hiding the flaws, fooling other people just to get them to stop using bitcoin by his deceptions. rather then acquiring new users with fair honest advice about risks and limitations of using other networks whilst explaining what other networks can do.

more people would be happy to use another network when getting honest advice about the risk/advantage and they weighed up the pro's and cons and decided they thought its acceptable under honest advice about what they are getting themselves into.. rather than being deceived into using an altnet and finding out the flaws the hard way.
you dont built up a loyal fan base via deception.

.. oh and bitcoin does not accept millisats.
. maybe he should take more time reading code and not playing with being an angry arsonist that wants to offramp bitcoin users to other networks because he doesnt believe bitcoin should be used by everyone.

i know Doomad is not a dev and so doesnt understand anything beneath the GUI. but he does try too hard to make LN sound like its bitcoin, when it has no consensus mechanism, no blockchain to audit the LN network of 'instant payments' no PoW security of the "instant payments" where all instant payments need co-signers and need the other people to be online.

totally not what bitcoin is about