TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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January 10, 2018, 12:37:45 AM |
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This is significantly not excellent *holds monacle*
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cAPSLOCK
Legendary
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Activity: 3934
Merit: 5692
Note the unconventional cAPITALIZATION!
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January 10, 2018, 12:38:01 AM |
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When bitcoin first appeared I imagined a world of peer to peer payments with no central institutions. LN is most definately not that.
The graphic tries to show how funding a channel is like funding a 'hot wallet'. A more accurate description is that funding a channel is like depositing money with a bank.
I always said LN will be supported by big money. No doubt there will be an epic pump, because 'scalability is solved'. I don't like it but I can profit from it. The original dream of bitcoin doesn't exist though.
Opsec, ease of use, familiarity and so on. There are masses of users who are not qualified to use bitcoin the way we do today. The lightning network will add a commercial element to bitcoin. And yes banks may end up forming and playing a part in these systems. But your grandad needs LN to help him transition in. decentralized and uncensorable does not exclude capitalists from trying to use the system to their own ends... in fact it welcomes it. But it allows cypherpunks to exist right along side. Think of the internet. You have a massive commercial and financial foothold, and then you have decentralized networks, projects like Firefox, WikiLeaks... Monero... There must be room for all. |
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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January 10, 2018, 12:43:10 AM |
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d_eddie
Legendary
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Activity: 2786
Merit: 4081
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January 10, 2018, 12:56:46 AM |
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Tentatively climbing back up? A couple of my more adventurous limit buys didn't get filled.
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Deeyoh
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Activity: 258
Merit: 14
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January 10, 2018, 01:01:37 AM |
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Nice 500 BTC buy wall at 14,000 holding on Coinbase. Someone is giving away a lot of btc  |
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jojo69
Legendary
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Activity: 3458
Merit: 4900
diamond-handed zealot
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January 10, 2018, 01:05:55 AM |
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Tentatively climbing back up? A couple of my more adventurous limit buys didn't get filled.
we broke long standing log support its going to 10500  |
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Toxic2040
Legendary
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Activity: 1834
Merit: 4197
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January 10, 2018, 01:09:30 AM |
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Nah...just needed a wee bit more nudge.
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Rosewater Foundation
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January 10, 2018, 01:11:01 AM |
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Tentatively climbing back up? A couple of my more adventurous limit buys didn't get filled.
we broke long standing log support its going to 10500  |
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d_eddie
Legendary
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Activity: 2786
Merit: 4081
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January 10, 2018, 01:17:38 AM |
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14.2
Keep calm and BTFD
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Deeyoh
Member
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Activity: 258
Merit: 14
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January 10, 2018, 01:24:55 AM |
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Never fear.. my wife has her .29 btc buy wall in at 14,100 |
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flashbit
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January 10, 2018, 01:29:51 AM |
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lol you guys still hodling bitcoins? brb while doubling my money with alts while drinking my beer
mr activity 10, if you think your alts will hold a btc crash you are going full retard hehe:) |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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January 10, 2018, 01:35:39 AM |
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Want to add some insult to injury with a btc crash? How about an ethereum flippening.
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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January 10, 2018, 01:45:43 AM |
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The only advantages come either if you are a criminal or if you are a trader/investor/gambler.
or if you know even vaguely how the money scam works. Anyone interested in getting rid of the "money scam" is going to be buying silver or gold instead of a centralized, permissioned ledger, govt tracking system with imaginary, valueless tokens that are identical to the cashless society slave system TPTB want to put everyone in. |
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vladimir21
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January 10, 2018, 01:46:25 AM |
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The ignorace on this forum is incredible, the marketcap is still at 730bill. So the bitcoin isnt going nowhere... it was at the same price when it was 600bill.
So stop panicking noobs.
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Torque
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Activity: 3822
Merit: 5504
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January 10, 2018, 01:58:30 AM |
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Want to add some insult to injury with a btc crash? How about an ethereum flippening.
It's vitally important that dumb investors pour the most money into a crypto that was the least architected and launched to be a proper store of value, as well as has byzantine, Rube Goldberg-like code designed to solve problems that don't exist. /s I hope that Ethereum flies high like Icarus. |
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HairyMaclairy
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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January 10, 2018, 02:29:47 AM |
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Coinmarket is showing old data from a few hours ago. Don’t rely on it because it is wrong.
Click through to the individual coin and you can see the updated data.
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gentlemand
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Activity: 2604
Merit: 3056
Welt Am Draht
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January 10, 2018, 02:48:01 AM |
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Or the final jumping of the shark. |
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Paashaas
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Activity: 3658
Merit: 4920
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January 10, 2018, 02:55:08 AM |
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I hope that Ethereum flies high like Icarus.
ETH vulnerabilities keep adding up, everytime ETH devs trying to fix bugs new ones appear. This happends when you build it on a bad scripting language. ETH is a minefield and will go down sooner ore later, be aware buyers! I prefer Rootstock, more solid and secure smart-contracts because it has capitalized on Bitcoins Blockchain. |
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