Post
Topic
Board Bitcoin Discussion
Re: The Lightning Network: A failure?
by
ABCbits
on 11/04/2024, 10:03:13 UTC
--snip--
Unfortunately, these chains aren't as widely-recognized as the LN. The latter has strong marketing from crypto companies, businesses, and exchanges alike.

Although adoption for the LN is still low, it's certainly greater than sidechains. The solution to the high fee problem is already there. What's challenging is making people use alternative solutions to have a better experience with Bitcoin. With plenty of altcoins to choose from, why focus on scaling Bitcoin, anyways? Cheesy

You're answered your own question on previous sentence.



--snip--

I am not saying Ltc will succeed 100% since it shares something with monero (anonymous transactions) but it is optional to make these transactions. The chances are way higher for litecoin and people are already using it more than any other coin on bitpay.

Government pressure also makes exchange delist many coin with optional privacy feature (such as zcash and dash).