WOW - Ive been testing lightning network and wow its amazing the transactions are a million times cheaper than bcash or any other altcoins is crazy :O anyone else ?
WOW - Ive been testing lightning network and wow its amazing the transactions are a million times cheaper than bcash or...
Thomas Perry
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Gavin Robinson
No they aren't. For Bitcoin Cash you pay 1 satoshi per byte. For Lightning you need to fund a channel and the current fee rate for Segwit Coin is 418 satoshis per byte. Segwit Coin is also about 6 times more valuable than Bitcoin Cash. That means you need to do 2508 transactions on Lightning to get even with Bitcoin Cash assuming the Lightning fees are zero, which they aren't. Please learn basic math. Also its funny how you use a scam artist as your image when posting about the Segwit scam coin. Have un losing your money with its bugs.
Owen Rivera
> (OP)
lol at using lower USD value of BCH as part of your argument why BCH is better.
This whole thing is about scaling. Off-chain scales better than on-chain and on top of that has immense privacy benefits. Or do like it when literally the whole world can track your online dildo purchases?
John Gonzalez
this
Jordan Kelly
>off-chain
Is Paypal off-chain?
Owen Rivera
LN works so well even dear leader neckbeard resigned in great celebration
Cooper Garcia
Dominic Ramirez
outmathed by
Cooper Cox
Lightning = (effectively) trustless. Paypal =/= trustless.
Nicholas Powell
paypal is not blockchain, wtf
Jose Nguyen
Justin Gonzalez
see
John Jackson
Wow yes it's so amazing :)
Grayson Stewart
How else do you compare fees other than by using an equal unit of value dumbass. Have you ever done math before? Or should I just make up units and say BTC fees are 50 sodpacks and the BCH fees are 100 zignigs? Is that what Corecucks do?
Also BCH is adding zk-snarks, zerocoin protocol, and maybe even ring signatures and it already has Cash Shuffle. BTC is a joke compared to the privacy of BCH. Finally off-chain scaling (Lightning) doesn't work unless you have at least 100MB blocks. With 5 billion people who can use it and only 210 million transactions per year on a 1MB block it will take 24 years to get one channel open for everyone. Now remember that Lightning is not centralized so with only one channel open in a randomly connected network you only have a 63% chance of being able to successfully route your channel. So in order to get 99% chance of routing your channel you need 14 channels per person. So that's over 330 years to get everyone on Lightning with enough channels for the system to work. Then its another 330 years to close the channels. Enjoy your wait and remember to thank the Jews at Blockstream for your shitty experience.
Hunter Parker
>PhD in math
>Any job you want
>300k starting
Luis Gonzalez
bcash transactions are only cheaper because no one uses it.
LN offloads on chain transactions so they will be cheaper too
Joseph Brooks
Bcash is an inferior store of value because it's associated with known conmen, criminals and sneaky chinks.
Luis Sanchez
it needs centralized hubs. You have to trust the hubs you use to not be ass hats.
Christian Smith
>literally being cucked this hard
I feel more pity than anger towards you
Nathaniel Kelly
This is patently false. BCH fees get smaller the more transactions there are. That's the advantage of having massive block sizes. The only thing that makes fees rise is getting near the block size limit which has been made impossible with Bitcoin Cash.
Luke Green
DELETE THIS
DON'T OPEN THEIR EYES
REEEEEEEEEEEEEEEEEEEEEEEE
Owen Lopez
You mean its associated with the creator of Bitcoin and the blockchain, the first venture capitalist in crypto, and the main who controls the production and distribution of Bitcoin miners. So all of the most powerful and successful men in Bitcoin support Cash and not Segwit. The fact that you call them conmen and criminals is just evidence you are a communist.
William Garcia
Expect malicious hubs and huge bitcoin crash in the future.