In theory, the LN protocol could be changed so that "A" could only claim what he is due, plus a penalty percentage, but this would still not be ideal because "B" would be loosing money because of something outside of his control, and due to something he cannot prevent.
it's a hard one I guess and what if man-in-the-middle hackers fool a wallet into sending an out of date transaction given that no one can pick up the phone to plea their case when coins do go missing. |
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So it was nothing to do with the fees rising to $55 per transaction was it now and just stupid people it was right. Next con job was the lightning network but people have been warned about it being a system of mini-banks by now so proceed at your own risk and don't say no one warned you. https://lightning.network/lightning-network-paper.pdf |
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Nothing much good about the block chain that won't scale and most of it was taken
from bit-torrent and re-hashed anyway and is not the word of god like many of the
faithful here like to preach.
Lot's of opportunities in Bitcoin including getting out without having to take a loss
on your gamble if your not too greedy but to many burger flippers that would be the
end of a dream so they will stay in until someone turns the lights off.
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Free Signal for people losing hope: Bitcoin is about to go upto $14,000.
So you got the memo too I see. Trouble is you forgot to put your glasses on and it read as 14,000 cents but i guess that is the price you pay after mugging people for $55 in transaction fees just to shift 250 bytes of data. My gran wet herself laughing when she learned that people were paying so much for a digital transaction and who could argue with her |
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QUARTER 2: (Member-Full Member)
In this quarter we are going to focus on signatures, bounties and saving which will have a great effect to the next quarter. Once you've construct yourself (Gain knowledge from quarter 1) you're now able to move to the next step which is working and a saving step.
So in quarter two your going to become a bottom feeding troll spreading FUD in other words. Tell me, out of interest are you from injia or something ? |
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I will not be buying any more bitcoin because i object to the miners holding a knife to my throat and mugging me for transaction fees
and then making out it was a contribution.
Fees killed Bitcoin, faith and trust has evaporated, words got out and i don't think they can repair it having taken eight years to build up the
little trust they gained in that time.
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If "B" tries to close the channel, he must do so using an old state, and attempting to use this would result in "A" being able to claim all funds in the channel.
Surly "A" could only claim on the balance that he holds the key for on the transaction state of the ledger and not just take the lot. General users just won't understand the system but their voices will be herd if more than a few start to cry fowl so again Bitcoin has solved one problem by introducing two more not that i am saying your understand is wrong or anything. Miners running these banking hubs can and will be taken down by white-hats if they try any of that bushiness |
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Another way of saying. "What you are telling me makes no sense".
if you don't see the party faithful here then that's cool by me, it must be working. |
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Bit-Coin self destructed the day fees peeked at $55 per transaction and word started to leak out to new blood that was all but set to jump in two feet first. Drugs, sex and gambling are the main stay of Bitcoin but then it got wrapped up in ransomware viruses and extortion from the miners who think we are so stupid that they can sell us the lightning network and no one will notice that the hubs are mini banks. https://www.youtube.com/watch?v=UYHFrf5ci_gBitcoin will kill itself it's a dead man walking but the bankers who took over the miners don't want to panic the sheep, damages the meat it does and if you're not a robot then look up the page and notice everyone apart from me is ruining a advert in the footer of each post they make here in case you thought this FUD was all real ! |
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Let me tell you guys, they are still here and spreading the same FUD and just the numbers change but most of them
are so desperate for cash that they will do anything to collect merits just so they can collect a small income from advert
impression in the footers of the posts they make all day long here.
Financial wiz-kids they are not and I sold out at $18k because I knew that after transaction fees had hit $55 that no one
in their right mind would ever trust the development team or the miners ever again and I said it at the time.
Today they are pumping outdated posts back to the top of the forum just to gain half a cent from an advert impression
but don't go thinking that no one notices will you boys.
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Buy when market is Red, a trick to successful trading. Also dont put buy orders ahead of time.
Yes red tulips are a safer bet than yellow ones and if you close your eyes to the killer blow of fees reaching $55 per transaction or that hubs on the lightning network are in fact mini banks then you won't even have to see it. if someone paid me $1 each time I see someone here posting "Buy on the dip-stick" posts (Usual running adverts in the footer of each post) since i sold out at $18k then I would be nearly as rich as I am today. it's a trick alright, a trick by those that are running the casino and you need to take anything said here by someone running adverts in the footer of there posts with a very large grain of sand. |
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Positive news about BTC
And then we get dreams and speculation ! I'll give you positive news because the miners got too greedy and like I said at the time as BTC was reaching it's peek of $20k that fees of $55 per transaction will kill bit-coin and I got out at $18k because the writing was already on the walls. Well the positive news is that these miners shot themselves in the foot, turned to gangrene it has and today they are feeling lots of pain just like me when I was forced to pay them $40 plus to move a few bytes of data for me. I just love watching ebay https://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=mining+rig&rt=nc&LH_Auction=1for second hand mining rigs just so I can enjoy the pain these miners are having who thought they could run banking hubs on the lightning network and no one would call them banks because the nice development teams tried to call them hubs. oh dear, truth has a habit of leaking out https://www.youtube.com/watch?v=UYHFrf5ci_g  |
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"Is holding bitcoin Greedy?"oh another pump of an old thread posted back in November 2017 I see. Desperate to push new posts down they be but to address the question it's not greedy today because the value of Bitcoin is falling and is on a nice downwards trend and it started falling just after fees peeked at $55 per transaction. I know, lets blame Putin or Russia and if we say it often enough then people will believe it right
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Bad name, looks like CNN which is one notch up from the BBC and it's fake new about Russia using chemical
weapons to put an old Russian spy in hospital as if the government gives a shit as they open the floodgate to
mass immigration and what comes with it or are fracking the land under our feet without the consent of the people.
Many people who have been in crypto world a long time are switched on to media spin and lies
and won't like the name.
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You're right, it has been blown way out of proportion by the press. In fiat terms, yes it was high, but it should have been put in perspective. Even so there was a point where the BTC price for transactions was higher than desirable too. There has been a lot of research to improve scaling and lower the transaction fees. It's cutting edge, a work-in-progress, but the mainstream press has been merciless, painting Bitcoin as a finalized product.
Charging $55 just to store 250 bytes of data was out of proportion, not by the press but common sense and save the mumbo jumbo about scaling because your not even a programmers but as a punter even you should be asking the question that if the block-chain was so good then why is being "off-block" in the lightning network now such a cool new plan. L@@K >>>>>>>>>>> https://www.youtube.com/watch?v=UYHFrf5ci_g <<<<<<<<<<<<<<<<< if you think you can manage the technical side then do read the white paper https://lightning.network/lightning-network-paper.pdf or at least take a peek at the network map https://lnmainnet.gaben.win/What part of banker running and charging fees for the lightning network hubs would you like to go over with me because I am more than happy to oblige or are you being paid to post outdated sale literature with bullshit about it being cutting edge. Come talk to me when you want to lean about bits and bytes or scaling because you are being feed problem-reaction-solution and appear to be soaking it up. |
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What if this sceneario is real  They finished their job last December and now trying to regulate the rest of it. Or regulating us (The new believers) Of course we all don't want to this and we think that bitcoin has still long way to go as a world currency but I'm really curious about your thoughts? Who knows/reads/stalk more than me Regulation was expected years ago and the sales pitch was that encryption would stop bankers taking over but now we have seen transaction fees hitting $55 and it becomes clear that we have be infiltrated as does the lightning network that's full of banking hubs. This is what killed Bit-coin and they can blame China, Korea or Putin all they like but anyone looking at the data can see what went wrong and you can even plot the data on a graph and argue with the maths if you like. it's not exploded yet, bankers are heading for the doors and don't want to panic the flock so let this be a lesson to people that thought they could get "Money for nothing" and started to call themselves "Investors" |
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What are you talking about? Bitcoin transaction fees are like a few cents to a dollar now!
Yeah because my home banking fees are free and transaction fees for BTC was below $0.01 for most of it's eight year life. Fees hitting $55 killed the golden goose and make no mistake that this will never be forgotten and is what you call extortion. I won't go into the value of the money in my bank is not dropping like a stone or about apparent hackers steeling BTC because I bet you will be asking "What are you talking about" ! |
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I don't know how us professional programmers in the past ever managed to write software that worked (Unlike Bit-coin scaling trouble) without ever using CPU-Wars to confirm a financial transaction. Fees from the greedy miners killed bit-coin and right about now we can expect to see secondhand 1080 graphic cards hitting the market as we find out who's really got the weak hands. They (Miners) were begging to run banks on the lightning network and thought they could fool the public by calling them "Hubs" but that cat got out the bag https://www.youtube.com/watch?v=UYHFrf5ci_g and unless this boil is burst then none of the other alt-coins will do well as justice needs to be served over fees hitting $55 per transaction |
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Just keep buying if you still have the financial muscles to invest. After all you are helping your own course. Demand is low now this the reason why price keeps sinking. It takes people like you to increase the demand for bitcoin.
I bet you're great, great , great , great granddad was buying Tulip back in Amsterdam but my question to you if you old enough is was you buying DOT-CON shares back in 2000 before it crashed. You know what they say about a fool and his money because all you seem to have is blind faith and your ignoring any facts. |
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