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Title: Bitcoin lightning torch reaches Iran Post by: Unblock_news on March 07, 2019, 09:44:12 AM The on-going experiment of the Bitcoin-based payments technology finally reached Iran despite hesitations over international sanctions on the country.
Read full article here: https://www.unblock.news/news/bitcoin-lightning-torch-iran Title: Re: Bitcoin lightning torch reaches Iran Post by: franky1 on March 07, 2019, 10:11:03 AM LIGHTNING is NOT bitcoin based
lightning is a separate network. lightning did not change to become bitcoin compatible. in fact bitcoin had to change to become lightning compatible lightning is not even a system that is tethered/locked to only bitcoin. it offers nothing unique to only bitcoin. lightning allows other coins to use it. the only purpose to continue promote lightning as a 'bitcoin' experiment is to give corporate guys some 'bitcoin buzzword fame' by linking the separate non blockchain network to a flimsy reason to use the word "bitcoin" as much as possible in the hopes of promoting it bitcoin gets locked on the bitcoin network. after that people are then playing with 12 decimal PEGGED tokens, which due to lack of confirmation when payment is made end up being IOU's until the hope that finally th pegged token is then aggregated and used to crate a bitcoin broadcasted transaction that actually gets into a block(if you write a cheque. is the IOU paid at the signing, or when the cheque clears and the account is settled) Title: Re: Bitcoin lightning torch reaches Iran Post by: ukloonion on March 10, 2019, 12:19:49 AM If you guys read the article there is a very significant paragraph:
Quote Sadr later sent the torch, then worth 3,730,000 satoshis, to Bushido Labs founder Sam Abassi, who is also Iranian. Abassi later sent the 3,740,000 satoshi-worth torch to Bitcoin Embassy based in Tel Aviv, Israel. A collaboration between Israel and Iran is extremely rare but love of bitcoin brings them together. See BTC is not all bad ;) Title: Re: Bitcoin lightning torch reaches Iran Post by: Beerwizzard on March 10, 2019, 08:06:11 AM The problem is that Iran suffers not because they don't have access to some source of payment to buy some goods from abroad. Even if they buy something with Bitcoin then the seller will immediately get under the US sanctions and probably go to jail. It will not help Iran to avoid international sanctions.
It should work the same way with and without LN. Transaction speed doesn't really matter with international transactions. Title: Re: Bitcoin lightning torch reaches Iran Post by: ribowo76 on March 10, 2019, 08:26:02 AM Apart from the Iranian problem, I am personally very pleased with the development of the bitcoin lightning torch test. It feels like it's getting closer to what we expect, namely the global payment system using bitcoin
Title: Re: Bitcoin lightning torch reaches Iran Post by: longbtcdev on March 10, 2019, 11:15:08 AM amazing! has someone a list where the LN torch has been? :D
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