Block Chain yes but if it's just another hash up of whats being used by Bitcoin then no
because it will not scale and they knew this from days on and the Lightning Network
does little more than introduces banks into the equation with BTC Block-Chain acting
as the central bank and demoting us to peasants

PM me if we are singing from the same sheet 

The "Lightning Network" introduces banks into Bitcoin but the development team are trying to obfuscate this
fact by talking about channels and hubs

Channel              =             Credit line
Hub                    =             Bank that charges fees and keep a private balance sheet
BTC Block  Chain =             Central Banks

See https://bitcointalk.org/index.php?topic=2776719.0

They must think that my name is "Bob the Builder"

In the promotional video shown below Bob wants to buy Coffee from a Coffee shop at $1.50 a day for the next month
(As if that's going to happen very often) so a channel is created between Bob and the Coffee shop and Bob
deposits (Locks coins in BTC Block chain) $40 in BTC into a multi signature account (Private off block ledger) that they both now share.

See https://www.youtube.com/watch?v=rrr_zPmEiME

Bob buys twenty cups of Coffee during the month and they both agree that Bob now owes the shop $30 so at the end
of the month the channel get closed and $30 is sent from Bob's BTC account to the Coffee shop but then Bob gets hit
with the miners transaction fee of $30 so each cup of Coffee has now cost Bob $3.00 a cup instead of $1.50



Being a modern day Bitcoin Lover Bob would also need to open Channels with his local grocery shop, food bar, Newspaper store
and at today's costs of $30 in transaction fees his expenses has gone up by $120.00 for the month.

if the bitcoin prices goes down during the month then all over sudden Bob the builder does not have enough finances in the
off block private ledger to cover the bills so by the end of the month he is having to go without his morning Coffee.

Now the propaganda really starts to pile on in the video because Bob has a friend called Alice who lives in the same street
and she also like to drink Coffee from the same Coffee shop as Bob and as miraculous as it sounds she purchased Bob's old TV
for $70 but because both Bob and Alice know each other she over pays Bob $30 for the TV so the channel between the two was kept open
for the whole month.

Alice ---------------------------- > Bob -------------------------> Coffee shop
Deposit              $100                                    $50



This will now allow Alice to purchase Coffee from the shop but she likes breakfast at the same time so once again Bob
is out of luck long before the end of the month and now the BTC miners have managed to earn themselves $60 in fees
instead of the two just using regular cash and was Alice not to over deposit money in the Bob channel then this arrangement
becomes null and void.

Clearly the "Lightning Network" (LN) designers want this to look like a peoples bank (Bank of China is more like it) but for
obvious reasons it is not practical to use LN in the way they are suggesting it and they must think that the world of full of Bob the builders and Wendy's
so in the next part of the article we will cover Hubs and how they are really banks that will be charging fees on top of the crazy BTC miner transaction fees

Also read the link below from Coindesk if not totally convinced by now.
https://www.coindesk.com/lightning-network-may-not-solve-bitcoins-scaling-trilemma/

Thank you for making that clear and I stand corrected

Getting complicated since someone forked Segwit something and uses it for B2X

Not got a weeks to read and digest "BIPs 141, 143, and 144 " but do you have a Youtube link for this please
because the one I watched told a different story completely but is from 2016
https://www.youtube.com/watch?v=DzBAG2Jp4bg

Basically he says the block gets spread over blk.dat and a "Block Extension" file using Segwit but i would like
to get my facts right about this and understand why it's not just a case of changes on the nodes but also
code in the wallet.

Maybe better you answer this question here https://bitcointalk.org/index.php?topic=2679337.new#new
or open a new thread and PM me the link where we can go into detail because I am sure others would like to understand this too

" Reasons why Bitcoin is droping "

1. Crazy high rip-off transaction fees
2. Loss of trust in development team
3. In a bubble
4. Major slow speeds
5. Competition
6. Lighting Network is not what it seems

I could do with some help on item six so please PM me if you would like to get involved
or to make sure your not going to be ripped off.

Seriously the Hubs look like banks to me and much of what we are being told is half baked
propaganda that's mixed in with technical fog.

Do you mean Coinbase was happy to take your money and sell you BTC but now wants you
to bend over backwards if you want to take money out ?

Welcome to the club, SETA is what they made me use and that works in Euro's so you loose
money during the conversion each end.

oh yes "SETA can take ten days"  

Yes i want to go deep into this but given your public key I think it is quite possible for me to locate you
to become my hub but it would require a type of internal distributed DNS system that might suite
specialist nodes on the system. Better and faster than just broadcasting and it would be a star type
structure with say 100 nodes, this is not centralization and major hubs on the system could be given
human readable name and feedback could be left, dare I even say have a "Trust Rating"  along with Up/Down time

That's not my major concern but the finances of these hubs is because they sure do look
like banks to me who then tie up there own BTC on the main block-chain (Central bank) so they can act
as conduits (Regional banks) and charge the likes of me and you fees.

My argument is not about inflation at this time but about fees because I've heard this
"Virtually free transaction fees" story once too often and yet we have a monopoly of miners ripping
us off and the chances are they become the major hubs and will rip us off even more because they
are organised, we are not and they have lots of BTC and we don't

Banks remember are a free market and just like miners they have both stitched us up like kipper
and it is my public duty to ensure this does not happen again or we end up with even more scams
using Bitcoin than we already have.

Please stick with me on this because i could do with a few partners to represent the public
which is not happening with the development team who now seem like dedicated banker puppets to me.

Once i have a full understanding of what and how they say it works then I want to look at some case studies
because the propaganda about setting up a channel with a coffee shop and buying a coffee a day for
a month and then settling up (Back on block) is not washing with me

Yes agree but they need to lock money in the main BC as i understand it so you cannot owe a hub more than
you have on deposit in the main BC and this also happens between Hubs

Anyone can become a hub but for the conversation lets stick to saying wallet if only one channel opened even if Tor type routing is involved
and uses wallets to achieve this. (think South Korea here)


Major hubs that have many channels open can find a route but opening a channel effectively locks money on
main BC so they can both used set amount in private ledger

Bob----->HubUK<><><><>HubUSA<><><><>HubIndia<------Alice
or
Bob----->HubUK<><><><>HubEurope<><><><>HubIndia<------Alice

Both HubUK and HubUSA would each lock $1m on main BC so they have working
capital flows which could well shift backwards and forwards $100m over a month
but on settlement (close a channel) both locks are removed and if HubUK owes say $50,000
balance to HubUSA then UK gets to pay the BTC miners fees.

Hub discovery is going to be like node discovery and each hub keeps a private ledger
so what happens if HubUK goes down or can the hubs be configured star shape to offer
redundancy  ?

Bob already has a channel open to HubUK and has locked $1000 on BC, sent $500 out, received no payment
so has a balance of $500 with HubUK but Bobs friend Paul uses Bob as a hub and wants to send $2000 to
Ebay but this would not be possible because Bobs channel does not have the balance to cover Paul's purchase

Are we in agreement so far ?

Jaxx is a good wallet but it has a security flaw so I installed on it own MicroSD
and run it from a android  phone.

Exodus on windows exports private keys to a CSV file and puts it on the desk top
with some stupid name like "Private-Keys come get them" which seems stupid
to me since Microsoft Windows is scanning file contents all the time.

They should put it on the clip-board or let you cut-en-paste it so you can split the
private keys into two half's before pasting

The Nano S seems well over prices too me and the price keeps going up

Yes but make no mistake on windows that Microsoft and Intel will already know our private keys
because 80% of Bitcoin core might be about mining but 80% of code in windows is about spying
on users and i run everything from file sniffer to file watch programs and can see some of whats
going on.

if you run an audit on windows SSL certificates then some turn up at night and the root authority
is often names like DoD so they scan, encrypt, upload but forget to delete the certificate but I am
sure microsoft will fix this bug when it becomes well know in security patch update 99,722

I too have noticed much of the documentation on Github and source code are out of sync
and sample code from stack exchange often no longer work and I have lots of trouble to get the C++
to compile in Visual Studio

You can say that again because Segwit is not implemented for Bitcoin and has been dropped but
it is confusing because I hear about Segwit wallets and I am not talking about Segwit2x here that uses B2X

Segwit proposal would had lead to bigger block sizes but they tried to redefine how they count bytes
to hide this for some reason which i really don't like
See https://www.youtube.com/watch?v=DzBAG2Jp4bg

A few diagrams on a video gets the design and concept over
https://www.youtube.com/watch?v=UYHFrf5ci_g
https://www.youtube.com/watch?v=MpfvhiqFw7A

Both say the hubs charge fees, keep a private balance so I will call them banks myself because that's what they
are in plain english 

Segwit2x is running and X2B price today is $125
https://yobit.net/en/trade/B2X/USD

Bitcoin had a bit of an heart attack today and fell under $10,000 but it's still alive also
and just like B2X you can still buy BTC on the exchanges

Coinbase always have trouble during peaks and front run trades and they may sell you ETH but they won't give you a
public address for ETH on-line the last time that i looked

Well yes Explode, crash and burn or have you not noticed that as fees went up, people caught on and the
price has been on a downwards path ever since.

I mean Ripple fees $0.002 and BTC fees are $30+ and the joke is Ripple is faster and the bankers charge less fees
than we get charged here so who's worse bankers or our miners and we only need 1,000 of them and not
20,000

Gold is good if your talking about physical but the next peak is about 3 years away

Attention spans today (Something in the water supply) is far to low today and the
need a faster high that Bitcoin has delivered but most of them now have failed to  
see that they have become gambling addicts.

These people will go down with the boat if it sinks and my guess is that the 20,000
woodworm (miners) eating away like made will result in the demise of the ship with
the captain

twas the greedy bitcoin mining fees that ended the party early and i did keep warning the developers
here to use a bit of code to limit the fees because we only need 1,000 miners and not the 20,000 we
currently have because that lets too little cream-of-the-cake per miner so they decided to mug us users instead.

public static money MaxFee =1.50 // And that's high just for storing 250 bytes of data in defuncted block-chain  

Was it too much to ask boys

Yes i bet i was getting out of fiat and into physical gold/silver before you come across the name Bitcoin


So you spent millions $$$ buying BTC knowing that it could crash just as easy as it jumped up ?

Don't let me argue with you, not many millionaires here so clearly you must be smarter than me
because i am a sucker and believe everything that I read !

And yes this would be the true except for the numbers that must tell lies.

Was you the one giving me abuse when I was warning people here that putting
a stop-loss on at $10,000 might be a god plan or was it you telling me to "Buy on the dip"
when BTC was last at $17,000

The only thing here that's been stable is the $30 Tx fees for about the past 6 weeks
and you wonder why people are getting out and won't be coming back or do you think
they didn't mind being mugged by miners who are desperate to continue playing
CPU-War with each other.

Tulips kept recovering until they didn't 

Come now friend we both know it's a tulip bubble and will crash and burn sometime and the only question is
can we make some money out these poor old farmers who after a few beers are all convinced that they
are well educated stock broker.

Friend we could had seen $50,000 but those darn peasants (Miners) got greedy and started to
charge us $30.00 just to move a shovel full of soil and now rose bushes have become all the rage
but it was fun was it now.