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, 22:43:53 UTC
I still haven't shared my stats for December, but you will be delighted once you see them. I didn't have much time this month to adjust my fees and rebalance my channels so my node failed over 300 payments mostly due to no liquidity.

and yet on bitcoin whether i send $1 or $1mill (0.0002 or 20btc) i dont have to think about rebalancing different accounts, or wondering about which route to take by seeing who can pass the parcel. my destination will get it guaranteed and confirmed where by there confirmed payment is actually theres. they dont need to worry about "what if next month the sender tries to scam me and i need to be online with a certain time period to punish him to make sure it confirms in my favour"

its things like this that those promoting LN as bitcoin. seem to forget to mention as the differences that make it not bitcoin.

like i said if you lot fairly and openly atleast inform people of the differences without trying to tag your altnet on as a bitcoin thing, when its obviously a separate mutli cryoto network. people could then potentially see why its different and why its even needed as a separate offering to what bitcoin does.

all these subliminal and subtle hints that it IS bitcoin. is just false advertising and trying to say bitcoin is broke but here is bitcoin 2.0. everyone abandon bitcoin and just use bitcoin 2.0 because it is better... yet ultimately thats a complete lie, when novice users try to use LN and end up scratching their head even more with the iffy installation requirements and then the channels setup hurdles and then the non guarantee of payment.

so atleast dont pretend its bitcoin 2.0 when its actually more like 'multicoin 0.1beta'