to clear up this topic

unless FIAT is handled then its not part of FIAT regulations.

so LN wont need licences. but... here is the rub

if some organisation or dev made an altcoin that was 1:1 pegged for fiat, then that alt is under fiat regulations as the e-money/virtual currency fiat regulations. if used in swaps within LN.. which would then lead to any LN hub handling/accepting such obvious FIAT coin needing regulations
because most countries regulations are about e-money/virtual currency fiat concerns the easy translatable/auditable (pegged/replaces/represents) real bank fiat money

or core tries something else thats actually adding and doing things the whole community can unite around, before wasting another year on half baked segwit

but wait..
wasnt the reddit propaganda that the blocks opposing segwit meant to be all be jihan...  67% (12+ pools)  
- im laughing at that part that jihan owns 12 pools(67%)..

if bu activates now controversially(wont happen, so relax) or segwit pulls the UASF bomb(could happen, they have made many threats)..
then bu, classic, xt and other diverse decentralised nodes would have 12+ pools and 67% of average blocks

- im still laughing how people still think the core opposition is just ver and jihan.
thats way beyond fox news sheeple mindset of repeating what they see... thats alex jones sheeple mindset of repeating what they see.

but in both cases.. all they see is one enemy that needs to be bombed. rather than think naturally about who poked the bear first

"biggest node crash in history"

um you forget the core 2013 DB event

hell because so many blockstreamist babies cry "why do i mention cores actual biggest boo boo of thousands of nodes" (for obvious reason)
but anyway lets look at more recent numbers..

by actually counting the nodes drops in the image sources that icebreaker used



so bu dropped 420

.. but wait.. core crashed 560 nodes on the 17th... hmmmm

that was tried late 2015, and early 2016..
but blockstream(core) wanted to be the one holding the whip and wanted everyone else to wear a gimp mask

well if people want to fill every block by spending 144 times a day and they are not doing lean tx's then they should pay more.

EG not just a pay per byte, but a pay per lack of many confirms.
EG you pay 144 times more if you want to spend every block, compared to someone who only spends once a day.

the benefit is then if its not spam but a service that needs to send every block. they then move over to LN and save lots of fees

that way users that only spend once a day are not paying the price

and spammer can be dealt with by adding a new priority fee forumale that hurts spammers and rewards those that dont spam

the genesis block. can you not even find it?

corporate lauda.. may your comments show your corporate adoring mindset.

can you even tell me why bitcoin was invented based on the comments in the genesis block
or are you too deep in the corporate backside.. that all you can see is your own greed and the inner workings of gmax

there is no reason at all that in the next few years to push fees up so high.

in a few decades when pools need it. the onchain capacity should have naturally grown (not at GB by midnight) at a natural progressive node capable rate that even users paying just 10cents would combine to give enough funds to pools

so you showed the swiss franc..

have you totally forgot about the unbanked world of third world countries.

1. onchain fee's of $1-$2 .. your thinking about corporate america.. come on look beyond your window.. $1-$2=>20 labour hours in multiple countries
think about the unbanked!!

2. LN has limitations. Eg lets say you just want to deposit $60 for microtransactions.. to open-close = $2-$4 = 3-6% (ps even the LN architects are suggesting only using $60 amounts due to a few risks that LN has (blackmail, chargebacks, address reuse attack)

3. LN although can be open for a year. think real worls usage. can you predict how much you would need to spend each day, beyond say 2 weeks..(ps even the LN architects are suggesting only using $60 amounts, for a 2 weekish lock-in due to a few risks that LN has (blackmail, chargebacks, address reuse attack)

so knowing people are only using it on average for just some of thier funds (not whole hoard) and for a couple weeks (not eternity) then you start to realise that even though xapo, coinbase, changetip all have internal offchain 'swapping' .. onchain capacity still needs to grow to cope with the depositing and withdrawing and also the 'larger spends'

please note that saying people should lock their entire hoard into a channel for eternity shows that your not looking at the reality, risks and limitations but trying to create a utopian and false hope narative.

onchain scaling needs to grow because LN will just help services like shapeshift/xapo.. but those peopl paying rent or travel or fortnigtly groceries will still be onchain and fighting for room alongside all the LN channel open-closing.

get passed the reddit scripts.

you will find that many are ok with LN as a side service. such as xapo is. such as coinbase, changetip, and shapeshift is.
for the faucet, day trader, gamblers..
but not as a REQUIRED service for all

pools dont give a crap about LN, neither do the other implementations. its reddit scripters insinuating what pools and other implementations want.

again LN as a voluntary side service is acceptable.. but NOT by pushing the fee's up by holding the blocklimit hostage with false promises and removing the reactive fee's to force everyone into permissioned commercial hub services

so you went with the "buy coffee" reddit script
(facepalm)

tell me what makes segwit a good tech proposal
i edited the questions to be more about end user (not code) this time

ok time to test your knowledge.

you seem to really love blockstream.. but lets put blockstream aside and instead deal with the code.
no quoting reddit sales pitches or information of hope, dreams, utopia..

answer this.
1. at code level and real world end user benefit. what can be guaranteed to happen that is network wide and of guaranteed benefit TO ALL when segwit activates.
please dont reply yet. the next question gives you a hint


2. at code level and real world end user benefit. what can be guaranteed to happen that is network wide and of guaranteed benefit TO ALL when segwits keypairs are allowed long after segwit activation.
please dont reply yet. the next question gives you a hint

3. please describe features that are guaranteed features that are not possible without segwit done as a softfork

4. last question.. if segwit was created line for line identical.. no changes at all.. but was wrote by hearne and the R3 crew.. would you still sing segwits glory

ADAM BACK - blockstream president

your reading the reddit scripts not code
i agree and the many dynamic implementations INCLUDING BU are about user nodes having 2 limits.. an upper limit. then below that a preference limit..
pools only move to what the majority accept as a lower limit
EG consensus.h 8mb    then policy.h 1mb-7.9mb . and pools only go to what 75%+ agree on what policy.h agrees with and tells the 25% under that policy preference that their policy preference can gt shifted to align with the other 75%..
EG consensus.h 8mb    then policy.h 75% deem 2mb ok
the ones lingering at 1mb will have thier policy moved to 2mb . or if not dynamic will see they wont sync to the network

dont read the reddit scripts of "gigabytes by midnight" and start thinking rationally and logically

1. removed priority formulae without replacing it with something better
2. removed reactive fee in low demand and replaced it with average fee to keep fee's up even when demand is low
3. prevented any real network wide onchain growth for the last 2 years with half baked gestures that have no guarantee


again your stuck in the roger vs reddit script. think beyond this.
but google can help you out.
memory dealers,
bitinstant arbitrage system before ripple/liquid,
plus other things.

again all you have rea is the reddit scripts not the whole picture

jihan is only a small part.. definetly not 68% of the pools.. wake up!!
bt jihan has done more for the ASIC community then lets say GHASH or BFL
but you should also research the other pools and asic manufacturers that make up the 86% objecting/abstaning


lol here we go again with the reddit "gigabytes by midnight" rhetoric.. wake up
nodes set their limits and pools follow below the majority. thus is not going to suddenly go jumping to stupid amounts.. if nodes cant handle it the the network doesnt go passed it.
get out of the reddit blockstream best case utopia. anything else worse case doomsday.. atleast start being critical of blockstream if you really want them running it.. dont be an ass kisser.. be the ass whipper and dont hold them on a pedestal, hold them to account

EG 8mb is measured as the 'node can handle' capability this year. (consensus upper limit this year)
and dynamic policy becomes the extra safe preference below that

EG much like satoshi's 1mb consensus and 250k policy in 2009-2011
EG much like satoshi's 1mb consensus and 500k policy in 2011-2013
EG much like satoshi's 1mb consensus and 750k policy in 2013-2015
EG much like satoshi's 1mb consensus and 999k policy in 2015-2017

your reading reddit stories

1. im for dynamic blocks so that we as a community dont need to beg to devs for them to spoon feed us new block sizes.
meaning users get to change settings themselves at runtime.
meaning no dev control.

do you understand diverse decentralisation.

2. you think the debate is about ver+wu vs blockstream.. no its blockstream dictatorship vs many many implementations and pools saying no. but the redit crowd are just pointing the finger at one direction to try distracting people from looking deeper at blockstream as the culprits
.. remember if you are thinking "but pools shouldnt dictate the rules".. guess what they dont.. only in the blockstream(core) case blockstream BYPASSED node consensus.. .. the pools didnt do anything.. so dont blame pools. (which there are 20+ of no just 1)

3. other implementations are just plodding along waiting for full node and pool (proper symbiotic full network consensus) without threats or violence. without deadlines or deceipt.

i hold many bitcoin and i gave up trading altcoins in 2014.
my life is now more my own leisure, say and do as i like. my landlord accepts bitcoin. i buy food, travel with bitcoin.

i dont even bother looking at the altcoin sections, to me they are all just pump and dumps.

the only one i consider having hope is from viewing how the blockstream sponsors and partners are finger deep into litecoin and where coinbase with a click of a button can easily flip to allowing hundreds of thousands of merchants accepting litecoin. and the blockstream sponsor cartel and partners (BS, DCG, coinbcase, bitpay, BTCC) all jump over and build on litecoin as their sandbox before moving to hyperledger

with that said i havnt touched litecoin since 2013, where i threw all my litecoin at a giveaway event
https://bitcointalk.org/index.php?topic=145201.msg1540606#msg1540606

im full in bitcoin. and have my hoard of bitcoin stashed on paper wallets which i have not touched the majority of since 2014, happily living on many coins i didnt cold store which can keep me going for a few years before even caring to look at my cold store