Post
Topic
Board Bitcoin Discussion
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
franky1
on 18/01/2022, 08:52:16 UTC
If a user is swapping their BTC for a coin on another blockchain, that means the user on the other blockchain is accepting the BTC.  It is therefore not possible to have a mass "exit" from BTC if it's 1 out, 1 in.  Someone will always be taking the place of the person who left.

i guess doomad never learned anything from 19th century economics of the gold/bank note scenario

2 bitcoiners enter a bar. A has funding locked bitcoin and funding locked litecoin, B has only funding locked bitcoin..
.. 2 men leave a bar, A 2x confirmed bitcoin, B has litecoin

in bitcoin thats called 'thunderdome: 2 may enter, one may leave'
in litecoin thats called '1 in 1 out'

oh and to pre-empt another social game.
even doomads favoured service 'thor' can create channels without needing both partners to fund(have coin) on both sides.
so doomad is aware its not a 1 in 1 out

and thats the punchline that makes me laugh. doomad knows, but pleads ignorant to set a narrative