When the french revolution part 2 begins they can switch to a new block chain economy based on bitcoin and perhaps some type of french petro coin. The government will learn they can't control the people if they use bitcoin
I like this brand of crazy. i hope you do a line of snazzy t-shirts.
ps. have a look at the 'binance in Zimbabwe' story and get back to me how bitcoin will protect us from "government"
But such features could be found in many implementations other than LN.
And these could be layered on top of many coins - for example, Bitcoin Cash....not just Bitcoin.
I thought SegWit capability was a mandatory requirement for the Lightning Network? Bitcoin Cash has not activated SegWit. Therefore I don´t think the Lightning Network would be able to function on top of Bitcoin Cash.
Why would they deploy a solution like the LN anyway? Their whole narrative is based around how on-chain scaling is the superior solution to scaling Bitcoin. If they would introduce a 2nd layer scaling solution they would lose their main value proposition.
LN only requires tx malleability fixes from segwit. There are other ways to skin that particular cat.
As regards BCH deploying an LN like solution - why not? As long as users are given the choice to continue to use Layer1 as before, then L2 solutions can be developed that offer real value propositions to users and their intended use cases.
What BCH wont do is force the issue by making the L1 solution unusable.
While lightning network provides a much better solution by compressing the fees and times by a great scale and making BTC ready for mass adoption. But what until it doesn't hits the market? BTC dominance is already under 45% they need to launch it very soon to avoid further questions on the supreme command of bitcoin.
You missed the point that LN, now using a version of Tor based routing, will be UTTERLY inefficient. You are trying to shoehorn fast payment methods into a subsystem whose primary objective was to obfuscate the very connections that need to be optimised to keep fees and time reasonable.
Have a look at bolts 4-7 specs to see how hideously complex and unfit for purpose these layers have become.
When they finally realise that this is not going to work on any scale ( like Poons original, now binned proposal) it too will need to be binned. Welcome to your next 18 month delay.
I'm a small blocker, but mining is the aspect of bitcoin that was designed to decentralize. It requires work to do so people can't just mine for free. It requires investment for your vote to count. This is why we mine.
So if miners control the network, then bitcoin is working as designed.
Absolute bullshit. Miners will never be given full power let alone be having an option to choose block sizes. Bitmain has already been caught doing some shady shits in the past before the bcash split ... Go figure the terms: ASICBOOST and ANTBLEED scandals.
Sorry to burst your bubble but that's not gonna happen in Bitcoin. Miners will never be given any extra privilege. Move your miners to Btrash if you have to and we won't miss you.
Antbleed? Seriously?
The n00b seems to have acquired a more balanced understanding of how things work than the blinkered, force-fed propoganda that you are spewing.
People have a choice, they will pick what suits them. If you are so sure that you made the right choice, then you would not care. But it clearly bothers you when any users choose an alternative implementation: and thats on you, not them.
So many questions But it's rare that I encounter truly revolutionary ideas. The last time I was this excited about a new monetary scheme was when I discovered Ripple. If you have any thoughts on Ripple, I'd also love to hear them.
Ripple?
funny how mike hearn and satoshi are time travellers talking about XRP in 2009 when it wasnt even a thing until 2012
Got me startled too to find "Ripple" mentioned in that first email and that was as far back as 2009, what exactly are we looking at? And now what does Ripple represent?
ripple as a 'system' existed. Ripple as a cripplecoin came much later.
Im skeptical, but they probably are real. I wish hearn had published them prior to his exit from bitcoin and the development team as a whole.
Whether real or not should be immaterial. You should be able to figure out what is right or wrong in Bitcoin, without needing a "messiah" figure to tell you.
They are real, though, I agree.
The GMax butthurt is irrefutable confirmation of that.
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BoardAnnouncements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling
this is not a fork for there are no votes to fork for,it is a CLONE ,just take a snapshot and then creat the same amount of coins as Bitcoin and then distribute,guess what..........Sathoshi million coins .. missing coins due to some reasons ...... unclaimed coins ....etc....all of that will go direct to their pocket!
I think you better go back to Bitcoin 101 and learn the basics; there are some grave errors in your understanding.
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BoardAnnouncements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling
if it was clear that it wasn't any type of magic bullet
What 'magic bullet" do you think segwit is exactly? What are you hoping for?
Its a simple malleabality fix that is not critical at this point in time. Thats it.
All the other bullshit you hear about segwit is just noise to disguise the politics of trying to push off chain solutions that dont yet exist in practice.
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BoardAnnouncements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling