Noone was forbidden to post in gambling discussion period. I know some of you do the prediction junk in there and some discuss soccer leagues.
You were only getting 1 post counted from that section though. Its a spammers haven. Most gamblers are in the actual gambling section IMO.
What it boils down to is reading the rules of a campaign you join.
I did have a slight problem and at the same time I asked the manager for it and he did explain it to me , just so that it will be clear for everyone here too. Plus this all happened in the thread. _*_ Thank you for an amazing week , payments were received right on time , there was no issue with management . Rules were explained twice too . _*_ P.S. I ranked up this week plus I will be willing to hold my current position for as long as the campaign runs Thank you _______attaching a quote regarding the issue It's pretty easy to understand, 4 posts per week must be in the section labeled Gambling, not gambling discussion or games & Rounds. You can make all 5 in the gambling section, but I will allow 1 post to be counted from the Gambling Discussion board.
Starting to add participants. If you didn't add the sig and avatar in your application, you will be skipped. Have confidence in yourself or don't apply here. |
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It's not a submission , I was just trying out rough draft for the contest and my cat wanted in.  ✨😂 Currently working and thinking of a nice idea Best of luck to all the participants , my cat is here to cheer you guys up.
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In 2017, CryptoKitties project has been so popular in blockchain applications. According to DappRadar, CryptoKitties users flooded ethereum’s blockchain caused Ethereum congestion and daily active users peak was reached 14,914 in December 2017. However, crytpo user lost their interests for CryptoKitties quickly as well. CryptoKitties’s daily active users for now is around 46.
Vitalik Buterin bought forward an on-chain decentralized exchanges idea called “x*y=k market maker”, k for some constant. inspired by the Vitalik, Uniswap using this constant equation to create liquidity pool which provides liquidity for ERC20 tokens, its trading volume surpassing $1.76 billion in August.
Learned from the automatic market maker and the Uniswap, I am developing a multi-chain wallet game framework call “STONE”, which would embed wallets of different protocols and connects players of different games. There are traits following:
Swapping wallets of protocols that corresponding to different games to STONE, players can login the game by wallet
Token+ Stablecoin, user can exchange token for stable coin, game points.
Automatic market maker on this multi-chain wallet
Assuming that X token is USDT(stablecoin) and Y token is the token of any projects.
If one user wants to purchase more project tokens, and it will result in a shortage of project tokens and increased the amount of USDT, meaning the price of project token will higher.
The first user that deposit two tokens provides liquidity to the wallet, but doesn’t decide the exchange rate. However, the exchange rate will change according to the deposit quantity of USDT and the project token by the first one liquidity provider. The exchange rate of USDT/TOKEN provides arbitrage opportunities for trader, the transaction fees for liquidity providers.
It's not only that , most of the time there are numerous tokens in the market and therefore it's really hard for the users to choose which one to invest in. Many tokens stays unrecognized for a long time and eventually die. Therefore even before this what's more important is the ICO's focusing on the project , what do they have to offer that other tokens don't ? This is always the question which attracts the Investors towards them , the market is flooded by the tokens right now , what an average Investor sees is : Option to invest in already successful one or take a chance!! Therefore most of the people actually try and go for the first option. Larger Investment opportunities do provide liquidity , but at the same time I do think even the supply does determine how highs and lows are going to be there in the value. |
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If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday.
Daily hashrate fluctuations are irrelevant. It depends a lot on the 24h interval you chose to analyze, the luck in mining blocks can heavily influence this, for example, bitinfocharts who has a different hourly interval reported 139exa on the 25th: https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3mFor the same ay bitcoin(com) reported 120. Also, blockchain.info reported a max peak of 129. Besides, on the current pace we're experiencing, the predicted difficulty is somewhere around: Next Difficulty: between 17629247069481 and 17786089856163
a measly 2% from the 17,345,948,872,516 from July, when the price was at 9k. Besides, just to see how bad of an indicator the hashrate is, it actually dropped while the price was rising! you can't predict price or make investment decisions based on bitcoin mining hashrate at all because hashrate changes after the price moved and since it has been rising for a while now breaking $10k first then $11k and now $12k consequently the hashrate had to follow that too.
Exactly, the increase in hash rate is not a trigger for a new price jump, it was caused by the last one. Hash rate cannot determine the price of the Bitcoins , but the thing is when during Halving the hash rate declined , some were worried now we have encompassed that factor. Therefore that's a "+" for the community and at the same time we did break through the resistance of 12k!! Plus there is a reason I wrote MIGHT , which does state that , rally might happen . _*_ The post was to celebrate how we have had :
- encompassed 12k
- recovered the hash rate _*_ Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ? |
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If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday and we did break through 12k!! Now in simple words hash rate determines how secure the network is , now resistance of 12k has been already broken and people who brought Bitcoins yesterday are already in profit. We might start a rally towards 15k Why is hash rate **all time high** so important ? _*_ Well due to halving the small miners had to shut down their business and therefore the hash rate dropped , as predicted since they won't be able to pay for the electricity bills with the halved reward , but major companies involved in Mining did overcome this problem and here we are . _*_ It might be the cause of wrapped BTC tokens being popular or even due to the increasing prices of gold which is causing Investors to shy away from investing in the market. There are a lot of reasons why we are going forward , but at the end of the day I do believe 2020 is going to be a good year for Bitcoins , hash rate has been compensated for and the resistance has been broken. Invest !! HOLD!!! What do you think ?? ______ https://news.bitcoin.com/bitcoins-hashrate-hits-record-high-130-eh-s-as-btc-price-faces-resistance-at-12000/ *_* |
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As per CZ's tweet.  https://twitter.com/cz_binance/status/1295391650554867713?It seems that we are somewhat along the beginning of the market bull run, comparable to 2017 as per CZ. Definitely a sign of things to come. Needless to say, this 2020 will end in a bang, but a new all time high will more likely hit 2021-2022. So hang on to your BTC. Not only that since the last few months we have seen how the BTC is climbing , resistance is bound to happen but I do believe it's an easy factor , right now people can buy and wait for the bull run to come . Also with the Bitcoins being tokenized there have been trading faster than ever between the ERC20 and BTC , incoming support is not just from Bitcoin holders but from the holders of the Etherum too. We won’t see it, but it would be interesting to see an evolutionary breakdown of this ATH traffic by concepts such as unique IPs and geographical areas of origin. The former would go towards discarding trading bots being behind (or at least, narrowing down their influence in the numbers). The latter is interesting per se.
Most of the sites have concept of excluding the bots from even reaching the platform and when they see suspicious activity they general block it and at the same time there have been new updates where even VPN is blocked from many , therefore I do think when it comes to trading bots they are already having a hard time. As per CZ's tweet. https://twitter.com/cz_binance/status/1295391650554867713?It seems that we are somewhat along the beginning of the market bull run, comparable to 2017 as per CZ. Definitely a sign of things to come. Needless to say, this 2020 will end in a bang, but a new all time high will more likely hit 2021-2022. So hang on to your BTC. I believe he is not talking nonsense, which means a lot of interest from new people coming to the crypto market now, maybe because people put their money in a pandemic like this because of Covid-19, so people would rather invest their money in bitcoin than in gold , looks like it will explode in the next year, I will continue to hold it in my wallet Support is not just from Bitcoin holders but it's also from : Etherum holders ( due to tokens ) Gold holders (Because of the recent surge in gold prices) People with excess stimulus bill waiting to be Invested ( In Japan people are doing that) Many more ... |
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If you had consensus to make whatever changes you saw fit in Bitcoin right now with a hard fork and the community was 100% behind you, what changes would you make? What improvements do you think Bitcoin needs through a hard fork?
Would you update scaling, security, consensus protocol, programmability/smart contracts, other stuff? Give details.
1) I do think if something like that happened I would first of all try and solve the upcoming problem that we might have in the future. https://bitcointalk.org/index.php?topic=5267497.msg54958221#msg54958221 I do think you can try and read this but I would quote some of the part here : Projected to happen in the year 2106, Bitcoin will suddenly stop running based on the code its network of users is running today. Users won’t be able to send bitcoin to others; miners securing Bitcoin’s global network will no longer serve a purpose. Bitcoin will just stop. Therefore I do think this would be the first thing that I would go on about. 2) Then I would try and integrate the smart contracts more fiercely in the network _*_ |
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"Germany’s Finance Ministry has drafted a bill that will update its legal framework regarding securities.
The bill specifically targets tokenized securities and will bring digital assets closer to traditional financial instruments" Before this bill, Germany was known for being supportive on cryptocurrency when BAFIN release guideline during ICO madness. This only show how Germany accept and embrace the blockchain technology. They are also currently developing there own stable coin using Stellar, If this become successful and approved, They will be the first country that create there own stable coin and used on there own banking system which will be the game changer on financial world. Maybe many major country will follow this lead especially the US which is very slow on processing any crypto bill. I do understand the problems US has with the ongoing crypto engagement with the economics , they think that they are loosing the dominance in the market and therefore it usually ends bad for the crypto users and to think that president Trump is not that frantic about the whole Idea of Bitcoins , at the same time there are people who are supporting the incoming elections because there are people who are crypto enthusiasts and running in the elections too. _*_ At the same time when we are talking about Germany , they definitely have decided to integrate safe Crypto in the economy and they do need to work on the issues regarding the small crypto investment businesses and make the registration easier for them. _*_ I envy Japan somehow , how they accepted the crypto and how easy it is for the government to think about the people first. I think Japan is already a crypto superpower and we soon will have Germany in the list too. |
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Hello I wanted to write this post because I recently stumbled across an article where apparently a minor was accidentally allowed in an offline casino and it got me thinking how it would be easier for kids to reach the gambling sites online. https://www.cnn.com/2020/08/15/australia/australia-casino-underage-gambling-intl-hnk-scli/index.html This happened in Australia. I do know of wonderful online casino sites who are taking care of people who are struck by the pandemic at the same time creating a support helpline for the customers. Few things I would like to discuss here: 1) If KYC along with other information is needed to make sure Minors cannot access the gambling sites , I do think we should support it , until and unless the company agrees to take care of the privacy and data of their customers that I know they happily will. 2) I do think we have to seriously take this matter in consideration , Gambling is a sport , an activity , a leisure for people , I do support it when done in moderation but when it comes to kids , I do think each and everyone of us is entitled to look into this matter seriously. I want to open this thread to engage the attention of the esteemed online Gambling sites here , so that they can at least give this a thought.Maybe we need to think beyond KYC, but then again there is a thin line between privacy and regulation , but I do think this matter is of utmost importance. Please share your thoughts and suggest how we can tackle this issue. |
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Firstly I would like to say that you actually did a lot of work to assemble this article and hats off to that .
Now let's talk about the topic , the thing is I once heard some person say , you don't loose money 💰, until and unless you don't cash out...
This is something that did stop me from selling my Bitcoins for the longest time (but alas family needs comes first) , then again Whosoever does have a lot of money to invest, you have to actually hold onto your Bitcoins since , everyday we are seeing advancements in the technology concerned with Bitcoins , every country is now accepting Bitcoins and integrating Bitcoins in their economy more stronger everyday .
Countries who are not willing to give Bitcoins a good time , they also have started giving it a second option because there are already millions of users being left behind even if one country decided to ban Bitcoins.
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Cnut237 and I were having a conversation about wealth distribution in this thread, where he mentions UBI. So rather than derailing that thread I'm going to open it here. In case you don't know what UBI means it is a program for all citizens of a country, rich and poor, to be paid a fixed amount by their government and the goal of this program is to make sure everyone can pay for what they need. There are obviously many challenges to address before this works out, the most basic ones are: - How much to pay? Since they're paying millions of people, they need to ensure they have enough money set aside for that, or UBI payments will deplete the government's money. - What time interval to pay in - If this is not controlled we get the same consequence as paying too much at a time. - Should people be filtered out based on financial status (EDIT: and employment status as well)? Presumably finance ministries of governments have records of every citizen's earnings (as in profit not balance), and a UBI proposal needs to be crafted meticulously to be very precise in the criteria for organizing everyone into (only a few) financial wellness categories, a vague set of requirements can be challenged by parliaments and get the proposal blocked. - Corruption: Some of the budget can be stolen and laundered by people in charge of safekeeping it. Look at 1MDB for example, $700million was stolen from them with the help of the prime minister. Let's assume people will be filtered by status, since giving everyone a fixed amount while keeping withing the budget risks not giving the most needy people enough money, the main hurdle faced here is parliamentary consensus of how to classify everyone in different categories so they can set different incomes for each group. And that's complicated because government budgets decrease and sometimes increase so you have politicians arguing that the income should be raised or lowered accordingly and this just entangles entire proposals. We basically have nobody in power agreeing with each other on how much money to pay each person. Unfortunately this would never work for underdeveloped and developing countries since they are fighting the economic war since long and they cannot pay each and every citizen because these institutions have to first handle the overflowi population of these countries and then again , this would need them to print more money , which would actually cause their economic situation to decline. Therefore I do think this method will only be good for the developed nations since they don't have much to worry about in this case , but due to COVID-19 the Government of US for example has given stimulus bills for the rich and the poor alike , but mostly it was for the registered people , which also included the families which did not need the money , we need to filter out the system and then agree on the wealth distribution which is a really hard thing to actually get going. We cannot get anyone agreeing on this ever since it's a matter of money and Government is always blinded , one cannot professionally decide how much to give each family until and unless they are personally involved with them , Because there are things that are not written on the paper and no one is that transparent , now that won't happen ever therefore the system might fail until and unless they decide to do something like: -Taxes be paid by only richest -Poor people living on streets should be taken to shelters , registered and then Government should get them some job because those people are most of the time forgotten about -Small families given incentives -Talking to the people about population control -Education made free for all There are a lot of things that we have to do before agreeing to do something like this , it is a complicated matter and therefore it will first require educated citizens with a small family, for it to be working well. |
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Previously there had been some people who did commented here how KYC might be asked and such on multiple occasions when you try to access the site from multiple VPN's. Well I somehow stumbled across an article today about how a 12 year old girl was caught gambling in an offline casino , we are talking about an offline casino here , therefore how easy would it be for kids to actually have access to an online casino. I do think there should be a fair age of playing games in lieu of gambling and therefore I do believe even if the site would ask KYC we are entitled to submit for the security of small kids who might get into a habit of gambling at an early age. https://www.cnn.com/2020/08/15/australia/australia-casino-underage-gambling-intl-hnk-scli/index.html I do believe in the future all the online casinos might have to do something to essentially filter out the small kids from accessing sites like this and KYC might be a simple step. |
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Bitcoin is winning digital war in South korea and Australia. They will replace some physical licenses into digital formats.
In S. korea, Seongnam's payment already have integrated digital certificate into existing payment system. In Busan, visitor can pay service charges with byc/eth. And finally KEB, one of the biggest bank have partnered with Korean express Highway corp to introduce a decentralized blockchain based system to implement several toll services.
Now Australia, also have strated trial for eth based license that may replace the physical obe, in future
Good vibes are coming from different parts for crypto, happiness overload
It's not just South Korea and Australia there are many other countries which have integrated Bitcoins and other cryptocurrencies in their economics and it's as normal as using a master card. With the new Advent of crypto cards soon being in circulation in Europe I do believe there will be other countries willing to jump in the race too . Here is the list of countries that I found online where Bitcoins and other cryptocurrencies are highly valued: Malta Bermuda Switzerland Japan Gibraltar Slovenia Singapore Estonia Georgia Belarus Hong Kong (it's system is separate from China , thus can be classified differently) Germany https://99bitcoins.com/bitcoin-friendly-countries/Honestly these are the countries which have already won the race of being years ahead of other countries. |
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According to the reports the Bitcoins are tokenized faster than they are being Mined .
....
What are your views ?
Have you ever owned and used WBTC?
OMG how funny I just posted the same article and similar questions just minutes after you did! I tried to delete mine, but I can't  Maybe the moderators can delete it so we can consolidate this topic under your thread. I have very similar questions, but I will add them here to build on your thread: What are the implications of 'wrapped bitcoin' tokenization trend to BTC if this trend continues?
In particular, is it positive or negative to BTC in the short or long run? Oh am really sorry , you should not delete the question , keep it there , for the while you can watch this thread with me , it happens sometimes 😅 , sorry I was writing it for a while therefore should have again checked before posting. Thank you for being so considerate. I've heard of this token before, and I immediately thought of how Tether was supposed to be backed up by USD 1:1. The same concerns apply here, and now there is evidence these concerns are not ungrounded. Claiming to claim that your token is backed by something is one thing, but actually backing it up means spending a lot of money in process which is not something a project would want to do out of good will if it's avoidable. And backing the tokens up less and less can work find as long as people trust in the token and in the back up part of the story. However, there always remains a risk of it collapsing if suddenly many people decide to drop their coins and get the real thing instead.
Bro,I want to really know how bitcoin token operates because i don't really know if their is any difference between bitcoin token and ETH token. It's nothing but BTC backed ERC20 , more like amount of ERC20 that will add up to 1 BTC being coupled together so that you can sell/buy very fast. I've heard of this token before, and I immediately thought of how Tether was supposed to be backed up by USD 1:1. The same concerns apply here, and now there is evidence these concerns are not ungrounded. Claiming to claim that your token is backed by something is one thing, but actually backing it up means spending a lot of money in process which is not something a project would want to do out of good will if it's avoidable. And backing the tokens up less and less can work find as long as people trust in the token and in the back up part of the story. However, there always remains a risk of it collapsing if suddenly many people decide to drop their coins and get the real thing instead.
I do think for the future they might go into a mutualistic part since this time they are not completing they are helping each other and that's a fairly good thing , for the long run I do believe we will see many more tokens like this , since many of the ATH are dependent on BTC , with some you can only actually buy them using BTC itself. Dump would mean bad for both and vice versa. |
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According to the reports the Bitcoins are tokenized faster than they are being Mined . Let us go by some things first : What is Tokenization?In simple words token can represent a Tradable and Transferrable value that is acceptable and interchangeable. For example one token might mean 10 BTC , or maybe 15 BTC , so when you exchange the token or use it , you are entitled to use them. There are many ICO's that also gives tokens to the participants, concept is same.  What is Minted Bitcoins?When someone does solve the block , they do have the opportunity to actually transfer the reward into an address of their own choice , but first they have to show POW , proof of work , this way they are more like Virgin Bitcoins. What is wrapped BTC? It's nothing but ERC20 tokens representing the exact amount of Bitcoins which enables fast transition of ERC20 to BTC . According to the team they are the first ERC20 token backed 1:1 with Bitcoins Now let's focus on the article: https://www.coindesk.com/wrapped-bitcoin-tokenized-faster-mined-defi Since Sunday, 1,043 more bitcoins were tokenized through Wrapped Bitcoin than were actually created by bitcoin miners as the Ethereum-based decentralized finance (DeFi) boom shows no signs of abating. WBTC being created more than the Bitcoins themselves does prove that people are using them more in the market , maybe for the smart contracts and other options that ERC20 does have to offer , not like BTC does not have that but it's harder .. About 900 bitcoins are mined per day, given the current issuance rate of 6.25 bitcoins minted per block and the target 10-minute block time.
At last check, nearly 31,000 bitcoins have been tokenized on Ethereum, according to Dune Analytics, 75% of which were minted by Wrapped Bitcoin (WBTC).
Ethereum’s supply of tokenized bitcoins hovered below 3,000 until mid May when the rate of new tokens shot up.
The rate of bitcoin tokenization signals the surging demand to use bitcoin in the burgeoning network of Ethereum-based DeFi applications.
“WBTC continues to exhibit strong growth as demand for bitcoin in DeFi has exploded,” said Kyle Davies, co-founder of Three Arrows Capital, in a private message with CoinDesk. “I expect this trend to continue,” he added. First thing , it's not Bitcoins but at the end of the day , it's supported by Bitcoins , it's backed by Bitcoins this does mean Bitcoins and ERC20 tokens have integrated themselves in a much mutualistic way . This does mean they are supporting each other and we should expect people to get involved with WBTC more. It's been expected to be a first class asset in some years . What are your views ? Have you ever owned and used WBTC? |
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When do we hear news of presidents gifting cryptocurrency to a fellow-president? I hope he installs any ledger wallets and becomes a fanatic!  IMO, making it easy for these businesses to use blockchain/crypto is key, some of these kiddos still have no idea about the technology too. I hope simple integrations as what NEM Symbol APIs have done with Lithuania's President can open more doors. See , we have seen in the past people gifting cryptocurrencies , this for sure can improve what others might think about them and at the same time create a more progressive era. Two of the examples: 1. Ellen Gifting Cryptocurrency for Charity on show 2. Warren Buffet receiving Bitcoins as a gift _*_ But Warren Buffet wasn't a good sport to have received Bitcoins since he does not like the whole idea of cryptocurrencies as a whole but in This case I do believe that the president will for sure make a good use of it . _*_ Other than that when politically significant people do make little moves in the right direction it does inspire other people who follow them to actually do the same , over the years there have been celebrities who actually endorsed the cryptocurrencies. Example: Snoop Dog wanted record available to be brought in Bitcoins Paris Hilton Bill Gates Elon musk !!! Etc _*_ https://aboutmanchester.co.uk/11-celebrities-who-back-cryptocurrencies-and-may-own-millions-in-bitcoin/ For full list you can go here ^ _*_ This is called using their fan following for good . |
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Hello Bitcointalk! I wanted to introduce my website Gambling.org - its been operating since 1996!. Just recently a new site on the domain. It was launched with a new logo too  Please let me know if the new gambling.org logo looks nice to you...The new site is not really completed yet so please be easy on that side, I'd appreciate that!I''ll post more information about gambling.org news updates as I get the news content sections added to the site going forward. In brief: Gambling.org provides reviews of fair and legit gambling sites and has been in operation dating back to 1996. Surely its one of the oldest gambling sites on the entire internet What's new becomes old and what's old becomes new again. ' Its the cycle of life! Hi I do believe that you should have had done a little advertising about the site , since right now , I don't think it's attracting much people. Other than that the layout is real simple I do think it would actually be interesting if you add something like a GIF or videos , images ...more , because right now you see gambling sites they are really like a mini Las Vegas . I do believe that you have done everything minimalistic , you can even talk with the gambling sites which are engaged on the Campaign here and then maybe put up a review about them after using them , this would benefit you an them both , they will get a good review from someone who is there since long and you would get more content. Every week you can also start up a thread where you would review the site with most +1, this way you can engage your audiences , get some crowd going there . It's a lot of work I would say . Best of luck . |
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Please be patient with my question, I rarely make a topic. hihi  I just realized to myself and it suddenly came to my mind while browsing through the gambling threads and while I was also thinking about my past online gambling experiences. So here's the question: Is there a possibility that the house can counter the strategy you are using if you inform or expose it in the chat and the admin finds out and can he report it to the developer to make immediate adjustments to the betting trend? Sounds weird I think right? But I still want to know your answers, gambler masters. Thanks  Well let's see , if we do go according to the Hollywood pictures , the house does keep track of each and every player and sooner than none , they can track you down , see what strategy you are using and then try and counter that. But .. The truth is halfway , most of the time the house is focused on the people who are putting down biggest bets or winning the most , in physical casinos , everywhere is cameras and therefore these cameras is keeping track of each and every player , there are even people who are paid to do just that . But when it comes to online one , the house barely knows you , you don't have to fear about anything until and unless you decide to share if with other people on the forum and apparently someone did inform the house and the strategy was 100% solid. Therefore I do think it might only imply in the physical casinos . |
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My husband and I are separated and going through a divorce. He put the most of our money into Bitcoins and other small cryptocurrency. He has a Portfolio with Alt Tracker, and we both have an access to it.
How to provide a copy of his (ours) portfolio for a legal matter?
It is very important to the future of our 4 children and myself.
Any help is greatly appreciated!
See the thing is as long as the wallet has the KYC registered in the husband's name there is no proof that the Bitcoins are yours too , therefore you have to first talk it out then see what you can do. Since he controls the Bitcoins, there is no way that you can legally control any argument in the front of the court and then again if you are getting a divorce then there will be settlement of course. There is one important that I would like to tell you : There is a reason why cryptocurrencies eleminated the Middle man , things like these always clears out how you should own your own money , the concept of decentralization is really good and powerful if used correctly. My condolences on the matter , I do hope , you can get the history of the transaction from his bank account where you did transfer him money 💰 or something like that . Best of luck , I hope you have a good life and supporting family. |
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It's been around 3 years since Bitcoin adopted SegWit and the Lightning Network in order to become more scalable for the mainstream world to use. Right now, people can enjoy the benefits of lower fees by interacting with native SegWit addresses. The benefits are even greater with the use of the Lightning Network which provides near-instant transaction processing times and ridiculously low fees. While most wallet providers, and exchanges have adopted SegWit, not everyone uses it on the main BTC blockchain. Even worse, LN's adoption is in the ground despite being actively promoted by its supporters. Is there something I'm missing here? Why is adoption for SegWit and LN on Bitcoin still low today? I'm sure that if everyone started using these solutions more thoroughly, the BTC blockchain wouldn't be so bloated nowadays. Thoughts ?  See the thing is SegWit and Lightning ⚡ network both being better options when it comes to fee are not actually well suited for keeping the Bitcoins there for longer period of time since it's not entirely safe , therefore it's good when it used with small transactions and such but it cannot be used without making proper adjustments regarding the security. There is a reason why it takes time for the transactions to be confirmed. Plus I do use LN and SegWit very frequently because am not dealing with a huge amount of Bitcoin , therefore for me it's good but for long term holders it might not be safe at all . It all depends on how and for what reason you are using them. I do believe in the future we will see good updates in the network and then more people will start using them. |
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