[2017-11-29] Lightning Bitcoin-Another Bitcoin Fork Scheduled For December 23rd

[SlipMart]

Lightning Bitcoin-Another Bitcoin Fork Scheduled For December 23rd



The new project Lightning Bitcoin (LBTC) will fork at block 499,999 on or around December 23, 2017. Why lightning? The team aims to make Bitcoin transfers as fast as lightning, or at a maximum of 24 million transactions a day. How can that happen? The answer is the DPOS mechanism, according to the project’s proponents.

The POW mechanism has long been discussed as the cause of mining centralization and network congestion. Daniel Larimer, author of Delegated Proof-of-Stake Whitepaper explained that miner tycoons control block time to maximize their interests, which will ultimately along with all POW systems be controlled by the fiat system. As such, the Lightning team employs DPOS mechanism that gives voting rights to token holders to avoid control of the system by any party. According to its official website,

Read More:https://bitzamp.com/lightning-bitcoin-another-bitcoin-fork/

[jaenglee]

is it something relate to bitcoin diamond or super bitcoin?

[Xavofat]

All of these forks are bullshit but this one really takes the cake.

They're just taking a Bitcoin-related buzzword (related to the Lightning Network) and desperately trying to exploit it to pull out another fork before the hype around forks dies out.

Most of these forks don't even have a functioning codebase.

[richardsNY]

Bitcoin Cash has been functioning as a benchmark model for how things should be done properly (in terms of it functioning as cash cow). It's nothing more than a desperate attempt to obtain instant profits. However, this market has shown that there is a decent level of demand for these forks since greed is the dictating factor here. People initially were afraid of forks, but now they want them to come through more often because with current levels, even people with a low number of coins can get thousands of dollars in profits by selling the split coins. I strongly believe that this is just the beginning now ICO's are slowly but surely being put to a stop.

[lionheart78]

I believe this is no more than other altcoin that fork Bitcoin.  They are just riding the popularity and controversy of Bitcoin Cash since lots of Bitcoin holder gets profit from it.  I believe this is just a money grab, and I wonder what would be the difference of this new fork to other cryptocurrency that is available in the market today, nothing... seems we are going back to 2014 or earlier where fork of Bitcoin were popular.

[CryptoBry]

All of these forks are bullshit but this one really takes the cake. They're just taking a Bitcoin-related buzzword (related to the Lightning Network) and desperately trying to exploit it to pull out another fork before the hype around forks dies out.
Most of these forks don't even have a functioning codebase.

I am actually tired of so many forks which rather than helping Bitcoin will instead serve as dividing the whole community and making the whole process a joke. A fork that is really intended to make Bitocin solve the scaling problem and one that is unanimously accepted by all is what we need. Sadly, we have greed and self-vested interests taking all the show. There is no question that Bitcoin has to be upgraded regularly but not in the usual hard fork way whose only intention is to put up another alt to the market and proclaiming it to be the real Bitcoin.

[marckenigsberg]

The link was pasted wrong.
There are a lot of details not even released about this yet.
More free coins to change into bitcoin?

[LightningBitcoin]

The main net of Lightning Bitcoin [LBTC] is going to be launched this Sunday.
Don't forget to claim your LBTC through our official wallet!