Well that is too bad about Segwit. I guess we will get a lot more drama then. Never boring around crypto I guess. The banker class will own cryptos if we allow the transactions to be sucked off the network. I guess we will see soon enough as the games begin. It is brilliant really pushing Segwit out there to the public and letting us think it was our idea, and then when that wasn't enough they had to create an "enemy" who must be fought by signaling Segwit. I swear we are just sheep...
The price increase for the L3+ makes no sense. With Segwit there will be less profit to the miners period. Couple that with increase in hash rate and diff... I am curious how sites like What To Mine will calculate profitability with transactions getting sucked off the network.
On the L3 hardware nightmare issues. I have parts coming back from China this week. And just as I get back home another L3 has now decided to die. This one appears to be the controller from what I can see so far. The miner fault light is coming on and has to be reset to get the miner back online. It has now been reset a couple of times and looks like it is not coming back this time. I don't see it dropping boards or anything so just as I am about to get parts back to get a miner online another one is down. This has now reached the point of being ridiculous.
As I understand it Lightning does a speed up of transactions and thus can scale up BTC an LTC to levels of Visa and Master Card...for a fee (very small)
however
this still has to go thru POW (miners) to verify transactions with a fee (lbit larger) thus the existing POW does not change but should be MUCH LARGER with
adoption and further folk coming into crypto due to the visa/master card speed etc....thus the PIE is much bigger...big enough for the lighting network to make
its (small) fees but large volume and bigger to make pow miner fees bigger in existing setup
win/win
Irregardless...some kinda scaling HAS TO HAPPEN on pow....we see that in the confirmation times of BTC (1 hour) and credit cards in seconds
seg witness and lighting supposedly fix this
Also if you notice this agreement the pow miners imho would NOT go along with it if lighting stole their lunch...they killed UASF to stop users from voting alone
to (their fears) someday making it a pos coin and vote out pow miners....they also got the block size in increase for WHEN if seg witness and lighting come thru
they keep their regular pow setup for backbone of the network
now before everyone slams my a*ss on this ...THIS IS A ROUGH UNDERSTANDING ON WHAT I THINK IS GOING ON
If you want to 'school' me on how wrong I am...make a new thread...tell me about it ..and you can fix my ignorance on that thread (use small words)
Just typing the above ..made my head hurt....
BUT ...so far it is the 'template' I've used NOT to freak out about seg witness etc
Last point, all in all I liked the round table for the fact they killed 'contentious' dev or miner games...they came to the table ..wanting an agreement and
they said they would follow the vote on such..this is a big deal ....imho
They took care of each camps fears (dev and pow miner) ..be it imagined or not and stuck in some safeguards
the fact that either side dev or miners can NUKE the works if they get screwed is also probably a good thing......that and money ..keeps them talking and
inovating on such stuff
NOW my dream is they can 'shoehorn' this over to the BTC camp ....I'd sure like the same efffect as on LTC of my value of BTC in $$$ going up 4x ..in that I
have 100 btc....don't ya know!!!! (sorry guys, it all comes down to me..)
anyway, again you want to start a thread to shool me on my 'flawed' viewpoint ..post a thread link and I will wander over there
this is kinda on topic here ....because miners we may get vs price we can get NOW if they ever come....
but anyway my 2 satoshi's worth