Post
Topic
Board Bitcoin Discussion
Re: BTC as "every day" spending currency vs. 10 min Block Confirmation/Mining time
by
franky1
on 28/12/2021, 03:02:31 UTC
if 'payments' use p2wpkh but are denominated in 'picobitcoin-1' (millisats) which bitcoins blockchain rules dont understand and wont get confirmed by the bitcoin network or accepted by bitcoin full node peers.. then its not bitcoin.
Literally no one has ever claimed that Lightning transactions will be confirmed on the main chain. This appears to be some weird metric that you have come up with solely to justify your point of view.

just one example
As was mentioned above, there's the lightning network where transactions normally take less than 10 seconds to go through (they just use contracts in the wallets thst can be broadcast to the blockchain at any point to redeem the btc owned by that node).

funny part is you merited him 4 merits.

to clarify
the under 10 seconds payments (htlc invoices (aka payments (aka state commitments))) in LN are not broadcast to the blockchain as they are in a different format bitcoin does not understand.

the funnier thing is .. this topic was created to ask about bitcoins utility of transacting as "everyday spending currency"
and literally the first 5 responses were people promoting and advertising LN as something people should use to move everyday spends of btc. as if to say that advertising another network was ontopic and to do with bitcoin transactions that require 10min block confirms.

sorry but LN is not a network has anything to do with bitcoin onchain. or transacting onchain.
LN is separate for a reason.

if you need more examples of people pretending that LN is bitcoin then just go look at the many other LN fangirls.
..
now before hitting the reply button to beat your chest about how you hate that people are not positively talking about LN and not trying to convert people into becoming LN users...
take just 10 minutes. step back from the keyboard. take a seat, take a few calming deep breaths. and spend the next 9 minutes and 30 seconds, to ponder this.

imagine you are not already down the LN fangirl rabbit hole. imagine your new to the LN thing. and someone approached you to ask you as a unbiased person to look at LN for the first time and come up with a promotional campaign about its niche proposition that explains why its different.

now ask yourself this, logically, using common sense, and unbiased thoughts and with ethics and morals of honesty.
does the phrase "bitcoin layer two" really describe:
1. what LN does.
2. what benefits it offers
3. why its different to bitcoin
4. what niche it covets

or
does it just try to advertise that its
1. bitcoin centric
2. part of bitcoin
3. is bitcoin
4. is bitcoin2.0 or bitcoin+
5. just trying to steal existing bitcoin fanbase to this altnet without having to explain anything critical

what you will find is that a true unbiased PR team. would find a 'hook', buzzword, or slogan to give to LN that can explain LN simply. and avoid confusion.

3 words fit better
a. "multi-crypto micropayment system"
b. "multi-crypto faster payment system"
c. "nonblockchain payment routing"

i truly understand that you fangirls think that stealing existing fame of another community is "smart PR"
i truly understand that you fangirls think that hiding the pitfalls, bugs, faults is "smart PR"
but thats deceptive PR caring more about coaxing people across more so then being concerned about the problems users will experience after being coaxed/misled.

honest ethical PR would be where by instead of trying to claim its bitcoin2.0 when infact its a network that pegs to many blockchains. its more honest to explain the differences, so that it can actually grab peoples attention more for why people might need it.
where by advertising LN more honestly about why its different can reveal its niche better. and help explain why it can do things bitcoin cant. and why there might be purpose for LN.. and why its not bitcoin.
 
..instead of just tagging itself to be presented as bitcoin 2.0, doing so just to win instant name recognition brownie points. where all its doing is making people believe it is bitcoin, only for bitcoin, has the same things as bitcoin. which leads people to still wonder why its needed...

where the only answer they can come up with is bitcoin(the real one) is obsolete and not worth using because LN is the new bitcoin. thus deceiving people to offramp and use LN because they think bitcoin(the real one) is obsolete/broke/not going to work/scale/be fixed.

again take the remaining minutes to think about the issue not from your fan girl prospective.