My initial and layman's reading of this overview article of the Lumino project seems like a good alternative to seg wit that would allow scaling (seemingly more than 30x increasing number on chain transactions).
I hope so my dear JJG and we get it implemented, I'm tired of all this drama and BS.
Lumino is a great alternative, they guys at RSK are doing a great job! Let's see how it works out.
I trust Sergio and the RSK team, in Bitcoin, we've some of the prettiest minds in the world !!!
My initial and layman's reading of this overview article of the Lumino project seems like a good alternative to seg wit that would allow scaling (seemingly more than 30x increasing number on chain transactions).
I hope so my dear JJG and we get it implemented, I'm tired of all this drama and BS.
Don't get tired, my dear Fakhoury, because the reality of the matter is that some of those big blocker folks do not have the interest of bitcoin at heart, and they have turned big blocker things into governance questions and personality and power issues. So some of the folks in that BU camp are not really looking for solutions but instead want to muddy the water and stir shit and they don't even care if there are some better and reasonable solutions. Therefore, I think that we have to continue to expect some folks to continue to dramatize and to attempt sabotage, influence and relevance.
On the other hand, it seems that we are just hearing about this Lumino project thingie majigie and it will be completely great if we can experience some progress and maybe even some new thinking about incorporating some alternative solutions that kind of squelches some of the technical inferior, threats to decentralization and misleading BU nonsense.
Totally agree my close friend, JJG.
Well said.
Whatever the scaling solution is, what matter is the progression, we need to progress and keep moving, still a lot of issues needs to be addressed.
https://coin.dance/volume/localbitcoins/CNYChina Local bitcoins volume went balistic. Expect it to be the target of the PBoC's disaproving gaze next!
Problem is: How? Exchanges are a fixed point to concentrate on whereas LBC is not really. They could block it at the great firewall level like they do with other sites they don't want coming through.
But.. look at that chart...
Once again, Kehtolo, nails it with an amazing bullish news.
I doubt they can make anything to LBC, the best could be firewalling them and arresting some of the traders there.
Don't forget that we've Bitsquare as well.
The idea can't be killed my dear brother, when the idea is born (Bitcoin), it gets born with wings, so it flies and impossible to be killed.
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