SEE YA LATER ALTS AND BCASH

lightning demo

youtube.com/watch?time_continue=6&v=4E3NiDC9i8E

suck a dick

What is a channel?

It's shit and still vaporware.

/thread
This is tech isn't it? When your tech is shit, move aside so something else can get the job done.

lol 90% of bitcoin businesses havent even started to implement segwit

cya in 5 years, lightning network

IT'S HAPPENING Lightning Network soon. You'vew been warned. Your alts will DIE!!! HAHAHAHHAHAHAHHAHHAH BTC will go up 10x as it will receive mass adoption (Paypal, Amazon, Steam). Meanwhile, where's your bcash? oh yeah I forgot bcash is a shitcoin clone. HAHAHAHAHAHHAH

You realize they had to pay to set up the payment channel with the other guy and that this required mainnet transaction waiting and that's why he said "I did that stuff before" right?

Poor deluded corelings are going to scratch their heads when they try to figure out how to make LN work for them and then realize that the only practical way is to open channels (or a channel) to a massive hub that many others open channels to and keep those channels open.

Nice cheap, decentralized, easy, uncensorable, non-attackable and secure scaling solution, goys.

LN literally cannot have it all.

>they actually thinks normies will adopt your shitty alt((scams))

normie content creators on twitch, ((you))tube, tumblr trap porn artists, will all benefit from instant income generations from likes, retweets and other buzzwords.

CASHY is mooning

>go to starbucks
>id like a coffee, ill pay with bitcoin, we now have the lightning network so fees are low
>send your coins from your Starbucks Lightning Wallet to here, this is our Starbucks LN Channel we operate
>what? you didnt pay a large fee to send your btc to your starbucks lightning network gift card? then youll have to pay the full tx fee

>Visa/MasterCard/Amex/Otherjews run lightning networks
>Companies adopt their lightning networks just like they do for credit cards
>nothing has changed

Awesome, will look forward to using this in 2021!

paying once to put the BTC on LN is better than paying 40 dollars of transaction fee everytime you want to spend BTC (not to mention the very slow transaction speed). We just had 150k unconfirmed transactions simultaneously yesterday. Bitcoin will not survive as a payment method if changes are not made. No one will use the bcash scamcoin.

this was "happening" like two days ago. how is this news?

again, we keep trying to tell you guys, but you just dont know anything, so you think this kind of thing makes sense in your head.

the real motivator for segwit was that it was required for LN to function correctly, not what segwit does on its own (though it does help a little bit i guess). with LN hitting, you will see them jump right in to segwit to use LN

Of this is true then all this seems pretty useless

I r dumb

This have anything to do with bitcoin diamond?

>Bitcoin will not survive as a payment method if changes are not made.

why did core not increase block sizes to stop this crappy slow crap and the high fees which are now sometimes so high it costs more to move than the actual value?

WTF its so WTF........

In the real world people want to use something NOW

BCH is going to have lightning also I read so its already better and is just going to get better more and more.

You don't "pay once to put the BTC on LN". You pay once to open a payment channel between you and a specific other entity, containing a specified amount of your BTC that you lock up in that smart contract. You can pay through that other entity to other entities connected to them again if all entities on the path have the necessary funds.

It is easy to see how this in practice results in

Even better is using a real peer to peer cash (bitcoin cash) with low fees and faat transactions.