I can be wrong, correct me if I do.
To use LN you must create payment channels. If I want to buy something on Amazon, I should open a payment channel with Amazon. But, if tomorrow I want to buy something on Ebay, I must also open a channel with them? And if later I want to buy a coffee at Starbucks, should I open another channel?
No such need, as long as you share a channel with a node (that has a channel shared with a node (that has... ...)))) with Starbucks. Same for Amazon. It's a mesh network. The general opinion is that there will be enough channels open to reach any relevant agent. Ah you mean like Bitcoin? But then without the peer to peer? Sounds great. |
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All I ask is they pump it to 10X or 20X first, lol.  Yeah, 2X was way underselling it. |
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Saifedean Ammous, a professor at Lebanese American University, has been researching bitcoin and the underlying blockchain technology since 2010. His latest book about his findings, “The Bitcoin Standard,” will be published by Wiley in January 2018.
The number of transactions that can be done in bitcoin, even if we assume that the bitcoin network is not going to have any more efficiency improvements, is about 400,000 transactions a day.
So that’s an enormous amount of base money transactions. And that’s far more than the base money transactions and settlements that were done between banks under the gold standard. And it’s much more than the base money transactions that are done between central banks today.
His upcoming book: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861Rather than serving as a currency and network for consumer purchases, the author argues Bitcoin is better suited as a store of value and network for settlement between large financial institutions. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin’s true importance may just lie in providing a decentralized, neutral, free-market alternative to national central banks. Interview with Saifedean Ammous, Author of The Bitcoin Standardhttps://www.youtube.com/watch?v=ukjDCeuNK3YBitcoin = digital gold, who knew! But it as well shows it again might be driven in the hands of banks when we won't be able to increase the tx/s (blocksize / layer 2 / Graphene like efficiency increases, etc). |
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5. The future of BTCC Mint physical bitcoins.
Will BTCC start shipping to Europe again / not restricted to China? |
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[...]
I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.
Hear, hear. |
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Message: Bitcointalk.org / bitebits Address: 1BnMQHNxBdEfhwvb5wESJz8TrKNaf29JSv Signature H32Liq6+VZE94+j6Z9+boJomZqsYjAg2+4MPNevOExTrWusHy4pm+XKJVjDb+8xtyoYQws6kNzKiTW8WD34IKus= |
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Guys I enjoy listening to Trace Mayer interviews on YouTube. Is there anyone else you recommend watching/ listening to.
Trace just seems to blow my mind each interview.
Simon Dixon. |
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I have mixed feelings about the rise. I locked in my retirement at a lower price. So now I'm not "as rich" as I could be. Best to stop thinking about the "what ifs" and just be happy. Strange feeling though.
Taking your original investment out or some profit off the top is never a bad thing. That's smart. But going all out 100%? Man Elwar, you gotta realize that if Bitcoin can go to $5400/btc and 99.9% of the population still hasn't bought any yet, then surely you know it'll hit $20K or $50K one day in the future? You gotta keep some in, dude. If you don't then you might be regretting it years down the road. Oh no...not 100%. Maybe half. So don’t be too hard on yourself Elwar, like this you can still retire twice. Not too much of a bad situation to be in. As you know more than anyone else Bitcoin is a deflationary asset. Selling for fiat will make you miss out on future fiat gains. But investing those dollars in for example dividend paying stocks or real estate paying rent gives a less volatile source of income. It potentially gives a bit of piece of mind, and when it all goes to shit you still have a hedge in Bitcoin which already today you can retire on, again. Congratulations, you escaped from the hamster wheel. |
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How Long Will You Wait for $10,000?
Three years, you can call me patient. |
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Cool, these days the price goes up, is this because there is an impact of the bitcoin hardfork issue so many users are diverting to altcoin including Monero?
There is a separate Monero thread for price related chat: https://bitcointalk.org/index.php?topic=753252.0 |
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hello, guys,
It takes me weeks to resyncing my wallet... (I've checked it's not a bandwidth issue)
what the developers thoughts are about creating master nodes
a what are them plans in order to speed up the network?
Hope the best,
LP
In case you would like to already use your wallet while syncing with the network, you can use a remote node via https://moneroworld.com/ |
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Hey you guys, lay off jbreher. I disagree with him, but he is polite and well reasoned...if wrong.
This thread does not have to be a total echo chamber.
Besides, he's probably kinda sad right now.
[...] He has bad ideas [...] One should welcome opposing views. One of the very few reasons I don't have certain loud mouthed posters on ignore. |
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Bitcoin has got to get a hell of a lot less volatile before it's a safe haven form of money.
Indeed, let's do a x10 first. |
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$4500   Quite remarkable that we are 10% from an ATH considering all the uncertainty around hard forks and China. Wouldn't be surprised if market makers will give it another slap during the November commotion, but then we are all good to go. |
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Breaking News:Even Cristiano Ronaldo is now mining crypto currencies !!!! Just visit http://www.cristianoronaldo.com/ and pay attention to your cpu workload.  ROFL. |
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