Yes we will have the WhiteCoin, yellow coin and we already have the BlackCoin (I jest not) to reach out to "different communities"
but maybe I can interest you in the Gambling Addicts Coin (GAC) because I can see this coin technology and reaching touching
you !

I just looked back up the page for the word "communities" and did a sanity check count and I tell you this AI really is
becoming amazing and you would hardly notice it unless you knew what you was looking for !!!

Hats off to who ever programmed it, top marks mate

Yes of course you should buy now

They have been telling you here since the prices stated to drop below $19,000 and some people just
don't get it do they

Sell the kitchen sink, you don't need it anyway and get in whilst you still can because this is the last dip before
prices hit $100k

Yes and its you

if you like I will write a program that wastes energy and burns out CPUs by download a million images and counting
how many black pixels are contained in these images and will sell you this useless information and you can call it
mining if you like and then lets see if the price of this information will "appreciate"  

Are you sure you understand mining because none of the new super fast coins that are gaining ground on Bitcoin
are using it so they must all be worthless right  

Double agent: S-M designed mining to create CPU-Wars and the wheels are falling off his
invention that they knew from day one would not scale and many believe our Japanese hero
probably worked for the CIA or MOSSAD and I agree

Lightning network hubs are banks
https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400
I am waiting for someone to debunk this if they can   

Thanks OP because geeks like me are keeping an eye on whats happening with block sizes
and the size of the block-chain to ensure fair play from miners and so far it's miners ten nil

To teach it you have to understand it and get across the point about owning the private key really does turn
your phone into a bank unless of course the currency crashes due to outside factors like miners ramping up
fees and the development team doing nothing about it.

Hopefully you will also understand the Lightning Network in case someone points out the mega
slow transaction rate of Bitcoin so please let me help you out here in case you end up pissing your
co-workers off

https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400

Even my misses gets it but i had to use Bob the builder to help

Have you investigated any user case and how LN might work by any chance in about nine months time
because Segwit was designed to reduce fees and released about five months ago and all that happened is fees
kept going up.

Just in case you have fallen for the sales spin from a development team that knew Bitcoin would not scale eight years ago
do you think you owe it to yourself to look at the other side of the coin because I bring you bad news if your
not a miner in which case your about to get into banking.

https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400

Eggs in one basket and all that !

ridicoulous and I don't even think you can get your head around whats being said here to follow the
conversation because you don't program computers or even know how Ripple, IOTA and Neo works
or you would not make such a statement.

Shit man and i though my prognoses for Bitcoin was bad but I would like to see the look on the
rip-off miners face if what you say happens but if only BTC goes pop then we know it's fees and
not regulations like we are being told.

Unless government bans encryption then under ground crypto will find a way and it will make them
stronger but no way will any Bitcoin developers be invited to that party

You did not answer my questions and I love KISS so maybe you need to go back and read what I said again
to understand it because from what you just said I cannot work out if your saying we need one, two or three
blocks of data changed on the BC even if we do play a game of dice over the channel and we roll the dice
700 times

See this link and watch the video about Bob buying Coffee from the coffee shop every day for a month
https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400

I am trying to follow you so where physical are you saying these private ledgers are held ?
20,000 servers all replicating 10,000,000 private ledgers and trying to keep in sync or
one copy in my wallet and a copy in yours if we are working without middle men (Banks)

The private ledger is 'multisig' so you can prove that I agreed to send you $1 worth in the IOU's we
are using in the private ledger and these IOU's are as good as gold because they are backed
by real BTC on the block-chain that are now locked (Cannot be moved)

Yes just read what you said again and that's three transactions at a cost of $90 instead of one so I
am sure the miners would love you. Locks replace the first two you mention and when the channel
settles the BTC moves on the BC and the miners get $30 at this stage.

Any banking hub holding private ledgers is centralization unless all wallets open up ten
alternative channels they can use so forget propagating my IP-Address or the hubs
public address around 20,000 mining nodes because they are not only burning CPU's out
these days but the bandwidth is massive already

Star type topology of a number of specialist nodes to act as a type of cluster DNS servers
has got to be baked into this cake and I don't really object to that much but they are not
doing this or are but are not being honest about it. Others may not agree with me here

20 billion pings a hour to act as beacons would suit the designers because they are into
complexity, and wasting CPU's, energy and bandwidth as it is so please don't suggest this
to the team.

Come on it now costs 90KWH just to process one transaction and I ran the numbers myself
and came up with 70KWH but forgot to add ISP network  switches into the calculation so yes
it does seem right

No, no and no because the only way you can move money on the block-chain is to pay the fees and
this then results in a transaction on the block-chain which then solves nothing.

it has to be locked to ensure that you can settle with the private ledger later.

what your suggesting would in fact result in two transactions on the BC if you spent $50

Bob-BC ---------------> Temp address ----------->Alice-BC
                Monday                                Friday

                                                   

Well to be a useful hub/bank you need to open lots of channels, have the hardware and money to fill the buffers (Trading Capital)
and a 24/7 program running plus network bandwidth and this set up shown blow just won't achieve anything

Claire--David--Pam--You--Harry--Deb--Peter--and Paul

Because if Deb runs out of money on deposit then "You" cannot spend even if your in credit with Harry and
even if we ignore internal fees on the private ledgers we are still in lots of trouble because Pam can close the channel
with you when she is in credit with you for just $1 and you then get to pay the $30 miners fees

Your combined deposits don't propagate up the channels only your spending or earnings propagate

Correct and it locks an amount for Bob and Alice on the chain (I assume that will be free, lock manager)

It was never in the channel as such, just locked on the main block-chain to ensure each party
had money to cover settlement so what really went between Bob and Alice was IOU's backed by insurance if you like


No they are free to open, real BTC on the BC never moved and the $30 miners cannot be split because
money on the BTC block is always sent and the sender pays the costs to send just like sending a letter

Think about it this way. We walk into a casino and both deposit $100 each with the cashier and she gives us both
100 cheap plastic tokens each so we pick a table and play flick the coin but it's only a two player game (Private ledger) and I end up with 190 tokens
and your only left with 10 so then we return to the cashier and the nice lady give me $190 cash and you $10 (Our original
money back) and she then looks at you and says it's custom here for the loser to pick up the settlement charge for us lending
you the table and you now owe the nice lady $30 please (Miners transaction fees)

So would you let a total stranger borrow $1 from you even if you know you are 100% guaranteed to get it back
which you are in this case like

Me ----------$1.00 -------> You ------$500 ----->Bank One.........>

if you act as a hub/bank for me then your deposit at the banks goes down to $499 which is not a big deal and you could even swap banks
without any trouble if another bank offered you lower fees or the old bank kept going off-line without upsetting me as shown below

Me ----------$1.00 -------> You ------$155 ----->Bank Two.........>

Just opening yourself up as free hub would have you flooded in seconds so it would have to be some type of manual
process you would need to use when deciding who to let people in but yes it works but what if this then happens

Me <----------$49.00 ------- You <------$205 -----Bank Two<------ $50 --------- My Mum

Your balance with the banks goes up to $205 and now your balance with me becomes a credit of $49 to me
and I then close the channel and your left holding the baby and having to pay the $30 transactions costs

Do you think a bank is going to let you pump 100 transactions a hour through them given that they too are
forced to pay fees and won't charge you this fee plus a profit margin and you might be nice and don't mind
lending your BTC out in the private ledger with me for free but banks don't work like that so in effect deposits of
opening a channel do not pass up the chain so even if I deposited $1000 with you then it does not mean that
you can spend $1499 with bank one.

Forget the development team programming and testing this "thing" because they have not even put out a document
that crosses all the dots and signs the tee's that anyone can understand so all we get is wishful thinking and visual
propaganda from Lightning being fast and yes it could speed it up but this is no racing car that's for sure

Well money needs to move from Bob to Alice on the main block-chain so Bob picks up the $30 miners fee and Bob has no option but to settle the bill
because he (His wallet really) signed the micro transactions that happened on the private ledger to agree to payments and the $30 fee comes out
his BTC on the public block-chain

in this case Bob's 0.1BTC was lock on the main BC and is sent to Alice and at the same time her original 0.1BTC also gets unlocked on the BC
as an atomic transaction so maybe Bob and Alice were forced to leave $30 in the main BC for each new channel they open to cover the $30
miners fees, sorry not sure.

Thanks for the like and it says

This is quite logical and deal with inter bank movement of money between banks and if the software is smart it might even
enable more liquidity between the banks in cases where the ledger between banks has become exhausted because the movement
of money has all been in one direction and for all I know the banks could reduce the transaction fee being charged if they need to fill the
buffer of BTC back up to the top.

I have absolutely no trouble with this at all but anyone lending "sufficient funds" and charging a fee is a bank and will incur costs
as they make a profit from you the customer so lets call "Channels" lines of credit and hubs by the rightful name of "Banks" with
routeing being inter bank settlement which really become settlement with central banks much like the FED or BoE

Can no one see why I am screaming

During settlement with the hub/bank the balance left in the private ledger gets release so even if you
have $0.01 left in credit then it gets written to the BTC public block-chain and the hub has to pay the
$30 to the miners and locks are then released in the BC that were created when you made a deposit

Remember they are selling lightning to us as if Bob , Alice and David create these money conduits that they call
channels and you better hope that Alice is happy to act as a charity hub for you when she gets hit with having to pay
the miners this $30 transaction fee.

if you on the other hand owe $0.01 to the Alice then you get to pick up the $30 bill and believe me I have
not even started to blow holes in this deception that they have planned for us.

Yes sure anyone can become a hub if they keep the software running all day, have lots of hardware
and tons of BTC to finance the private ledger plus high speed internet connections so that will be the
current miners becoming bankers won't it then