Bitcoin Fees Will Only Rise Now: Lightning Dev Rusty Russell

[bohr]

This is interesting. Are we being deceived here. I thought the lightning network was going to solve all of our scaling issues. This is very worrying. If a lighting developer is saying this and Core is saying the opposite, who do we believe? Its going to be an interesting few months and possibly years.

Then your information was incorrect, all the scaling wars were about how to scale the network but whatever solution that won will only bring limited benefits, as more people begin to use bitcoin then the benefits will begin to fade away and we will be back at square one, no solution has been found to make bitcoin scale and being able to take into hundreds of millions of users, we do not know if it is going to be possible or not.

[-ck]

Those extolling the virtues of bitcoin cash as a solution to what Rusty is saying here are completely ignoring what he's saying and are using it as some kind of excuse to bash his words for small blocks. Rusty mentioned increasing the block size as well and is talking about the real technology limits of scalability no matter what approach is being used. If core ends up using a multi-pronged approach and does a block size increase as well - when it's needed, then bitcoin cash is actually offering less, not more. Bcash only has more capacity for the time being and it's been shown we don't even need that capacity at the moment, and with bcash's significantly smaller number of transactions the extra capacity is pointless anyway.

[25hashcoin]

Those extolling the virtues of bitcoin cash as a solution to what Rusty is saying here are completely ignoring what he's saying and are using it as some kind of excuse to bash his words for small blocks. Rusty mentioned increasing the block size as well and is talking about the real technology limits of scalability no matter what approach is being used. If core ends up using a multi-pronged approach and does a block size increase as well - when it's needed, then bitcoin cash is actually offering less, not more. Bcash only has more capacity for the time being and it's been shown we don't even need that capacity at the moment, and with bcash's significantly smaller number of transactions the extra capacity is pointless anyway.

Time to throw in the towel. BCore/Segwitcoin is about to enter a death spiral.

[avikz]

A lot of people is having their own version of thoughts and so does this fellow. However, SegWit has just locked in and two more weeks to go to get activated. Time will tell what is going to happen. If anything goes terribly wrong, there's still a chance to make the corrections like current situation.

I believe it's too early to say what's going to happen and lets just wait for at least a month to see the scaling properly. Only then we will be able to speculate on the future. So don't panic and watch the situation. It will give the clarity to everyone.