mOgliE
Legendary
Offline
Activity: 1344
Merit: 1251
|
|
December 21, 2018, 03:37:44 PM |
|
$120 is more than enough for a network specially disigned for micropayments.
Main chain will be great for medium to large transactions.
Lightning is for low, micro to sub-Satoshi payments.
I've already seen this a couple of times, how can you go sub-satoshi?
|
|
|
|
|
|
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
|
|
December 21, 2018, 03:37:59 PM |
|
i fear a weekend dump
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2422
Merit: 1996
$120000 in 2024 Confirmed
|
|
December 21, 2018, 03:39:02 PM |
|
I welcome a weekend pump
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2450
Merit: 11715
BTC + Crossfit, living life.
|
|
December 21, 2018, 03:45:06 PM |
|
I never know which one its gonna be
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2422
Merit: 1996
$120000 in 2024 Confirmed
|
|
December 21, 2018, 03:48:21 PM |
|
I never know which one its gonna be More than likely both
|
|
|
|
Hexah
|
|
December 21, 2018, 03:53:34 PM |
|
I go for both possibilities.
|
|
|
|
gembitz
|
|
December 21, 2018, 03:54:00 PM |
|
i fear a weekend dump
weekend troll? lol
|
|
|
|
goldkingcoiner
Legendary
Offline
Activity: 1988
Merit: 1582
BTC 100k 2024
|
|
December 21, 2018, 03:58:29 PM |
|
r0ach? realr0ach?
Ah yes, Micgoossens reading the dreaded r0ach posts: More like: Roach reading Micgoossens's replys: you gunna cry?
|
|
|
|
luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
|
|
December 21, 2018, 04:02:29 PM |
|
i'd like a pump tho
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2436
Merit: 2827
|
|
December 21, 2018, 04:05:32 PM |
|
$120 is more than enough for a network specially disigned for micropayments.
Main chain will be great for medium to large transactions.
Lightning is for low, micro to sub-Satoshi payments.
I've already seen this a couple of times, how can you go sub-satoshi? When you close the channel and go back to the main chain, you're forced to round to whole satoshis of course, but while the funds are in the LN, accounting is in subunits (might be millisatoshis if I'm not wrong).
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2436
Merit: 2827
|
|
December 21, 2018, 04:06:25 PM |
|
I never know which one its gonna be More than likely both As long as I get both, I will be happy. Order doesn't matter since I'm not gambling.
|
|
|
|
birr
|
|
December 21, 2018, 04:08:50 PM Merited by JayJuanGee (1) |
|
Yes average not all . Don’t see the point your trying to make? I think most transactions will be limited in size to the magnitude of the nominal $120 cited. Maybe considerably less. Just because there are channels with $1000 in them, doesn't mean you can transact that much. The transaction is limited by the contents of the smallest channel in the series of hops it has to go through between the parties who make that transaction. Ideally, the network will be a mesh without big companies controlling massive hubs. Which means that many transactions, perhaps most, will require several hops (cue six degrees of Kevin Bacon theme). It seems likely to me that in such a case, the smallest channel may have less than the average $120. Some channels will have more, some will have less. The big ones don't count; it's the smallest one that determines the size of the transaction you can make. On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users. Is that the kind of Lightning Network we want to see? So it's a choice. 1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you. 2) Have a highly distributed and decentralized network with limited transaction amounts.
|
|
|
|
d_eddie
Legendary
Offline
Activity: 2436
Merit: 2827
|
|
December 21, 2018, 04:16:53 PM |
|
On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users. Is that the kind of Lightning Network we want to see? So it's a choice. 1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you. 2) Have a highly distributed and decentralized network with limited transaction amounts.
I think one use case doesn't prevent the other from happening, as long as there is good global diffusion and connectivity.
|
|
|
|
Karartma1
Legendary
Offline
Activity: 2310
Merit: 1422
|
|
December 21, 2018, 04:20:14 PM |
|
Hi fellas, what's up? Hard times for us recently but I hope you are all set for the crypto winter that's on us. Speaking of LN I'd say that so long as we don't get that available for average Joes we are not going to see fireworks. So relax and wait while the geeks test the LN for everybody else. Remember we had that with Bitcoin, already. A few of us started the network for everybody else. With LN it will be the same. Price will follow
|
|
|
|
serveria.com
Legendary
Offline
Activity: 2184
Merit: 1166
Privacy Servers. Since 2009.
|
|
December 21, 2018, 04:29:33 PM |
|
i fear a weekend dump
weekend troll? lol Look who's back? Gembitz! WEEEEEEEEEEE
|
|
|
|
JimboToronto
Legendary
Offline
Activity: 3948
Merit: 4335
You're never too old to think young.
|
|
December 21, 2018, 04:34:19 PM |
|
Good morning Bitcoinland.
Seems we've been having a nice little day of consolidation after this week's pretty decent price rise... currently $4030USD/$5462CAD (Bitcoinaverage).
Let's hope the bear is exhausted and we're ready to get back to the usual slow growth with occasional small corrections. Upward and downward bubbles are exciting and offer opportunities for traders/gamblers but investors/holders know that slow and steady wins the game.
As long as the bottoms and tops keep getting exponentially higher (at least until the s-curve goes "vertical"), we'll continue to keep making money.
Go Bitcoin go.
|
|
|
|
BTCMILLIONAIRE
|
|
December 21, 2018, 04:54:14 PM |
|
Answer me HONESTLY this simple question:
What has more probabilities of a 10x in the next following years Bitcoin or silver?
I've already stated that I'm worried if there will be any type of economy left to spend metals in when the Jewish, usury debt bubble implodes. There might just be martial law or global Venezeula. Bitcoin will definitely be completely useless. Odds of some sort of a cyclical dark age are pretty damn high. Civilization is overly-complex, overly-specialized, and lacking redundancy on a local level. When an overly-complex system collapses, it does NOT magically shift into an even more complex one like craptocurrency. There will either be a hard landing and a dark ages, a hard landing and back to metals as money, or the typical Jim Rickards and others style claim that the system will go bust, they immediately initiate a new Bretton Woods, and right then the price of gold instantly goes from what it currently is to $10-80k with silver also at some astronomical number and life goes on. I do not see any circumstance in which the system goes bust and bitcoin is in any way usable or has any type of value. Metals are the Schelling point of money and what receive all the wealth transfer from, not shitcoins. There are also massive govts equipped with nuclear weapons like Russia and China who have already cast their vote and it's metals as well. The only people attempting to push digital shitcoins are the Jewish occupied, western govts (who are being defeated left and right) with evil kikes like Larry Summers telling people to buy them (for their own good of course and definitely not some ulterior motive). Nobody fucking uses metals to pay for anything. I throw most my coins away because they clutter up the wallet. And that's in the super rare event that I use cash at all.
|
|
|
|
bitebits
Legendary
Offline
Activity: 2188
Merit: 3072
Flippin' burgers since 1163.
|
|
December 21, 2018, 05:11:13 PM |
|
[...] super rare event that I use cash at all.
It is unfortunate how little financial privacy is valued these days, which is (currently) Bitcoin's Achilles heel as well. Very much encourage any privacy improvements in layer two solutions and side chains.
|
|
|
|
mindrust
Legendary
Offline
Activity: 3192
Merit: 2368
|
|
December 21, 2018, 05:17:46 PM |
|
You must be straight retarded if you are thinking that gold or silver coins will be used as a currency in the future.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
|
|
|
|
g-uid
Member
Offline
Activity: 259
Merit: 18
|
|
December 21, 2018, 05:36:15 PM |
|
You must be straight retarded if you are thinking that gold or silver coins will be used as a currency in the future.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
Gold doesn't make you wealthy, it keeps you wealthy. Do you understand that?
|
|
|
|
|