Do we even need 99% altcoins when there is Lightning network?

[justone123]

So once Bitcoin has lightning network you will be able to send payments INSTANTLY and very cheap. There will likely also be ways to send transactions anonymously.

What good are then so many altcoins that all they are trying to achieve is, to send fast/anonymous payments?

One reason against Bitcoin is, that you will still have to pay(likely expensive) on-chain fees. anything else though?

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[asriloni]

So once Bitcoin has lightning network you will be able to send payments INSTANTLY and very cheap. There will likely also be ways to send transactions anonymously.

What good are then so many altcoins that all they are trying to achieve is, to send fast/anonymous payments?

One reason against Bitcoin is, that you will still have to pay(likely expensive) on-chain fees. anything else though?

You are not seeing the latest update about the lightning network and it seems the community are not decided to implement the lightning network in the future, As the off-chain development and the community interested to doing another hardfork to solve the scalability problem of the bitcoin. the only altcoin tries to achieve it was ethereum.

[Snarks]

Altcoins are still useful if they have distinctive features. There are other types of consensus algorithms like PoS, DPoS, PoC that could be better than the Bitcoin PoW.

[EcoChavCrypto]

You are not updated with this, they all want to implement the lightning network as soon as possible, we all need it to be implemented in order to make faster and cheaper transactions

Why are you saying that it is not going to be implemented? maybe it will take months or a few weeks, but it will get released.

You are not seeing the latest update about the lightning network and it seems the community are not decided to implement the lightning network in the future

No one said that it is not going to get released, and came on.. a fork? are you serious? there are 1000 forks at the moment, has any of them worked?

[bathrobehero]

So once Bitcoin has lightning network you will be able to send payments INSTANTLY and very cheap. There will likely also be ways to send transactions anonymously.

What good are then so many altcoins that all they are trying to achieve is, to send fast/anonymous payments?

One reason against Bitcoin is, that you will still have to pay(likely expensive) on-chain fees. anything else though?

Every altcoin ever created was trying to dethrone Bitcoin and we have thousands of alts and none of them did it.

It's not as simple as you suggest it being to replace Bitcoin. And if Bitcoin was somehow replaced, it would open up a minefield because the replacement would surely be also replaced and that would be replaced as well throwing security out of the window completely. People love to use what's already working for them and hate replacing stuff that they know can and will be replaced just as well in the near future.

So once Bitcoin has lightning network you will be able to send payments INSTANTLY and very cheap. There will likely also be ways to send transactions anonymously.

What good are then so many altcoins that all they are trying to achieve is, to send fast/anonymous payments?

One reason against Bitcoin is, that you will still have to pay(likely expensive) on-chain fees. anything else though?

You are not seeing the latest update about the lightning network and it seems the community are not decided to implement the lightning network in the future, As the off-chain development and the community interested to doing another hardfork to solve the scalability problem of the bitcoin. the only altcoin tries to achieve it was ethereum.

You're comment is completely loaded. You make it sound like there is a consensus on what to do; which there NEVER is.

Also, the "community" or more precisely the percieved community that's online and vocal on various forums is only a tiny spec of dust in the machine of Bitcoin. And it's getting annoying that this vocal (insignificant) minority believes they know better the direction Bitcoin should take for everyone else.

[btcone111]

Yeh of course.... a huge amount of ALTs exist not just for making payments. Some of them are equities like, some of them promote privacy etc...

[Alns]

That is why he said only the 99 percent, not the whole altcoins that are now listed.

But most of those who have only been created only to be faster than bitcoin are going to be obsoletes, just like Bitcoin Cash, bitcoin gold, and so on.

Yeh of course.... a huge amount of ALTs exist not just for making payments. Some of them are equities like, some of them promote privacy etc...

But it is probably going to happen, we all are so in hurry to see it coming, because we really need to see our payments going more faster than what they are right now.

Far as i know it is going to get implemented on March or April

[mpufatzis]

Ligthning is a new technology which is not applied in any coin.
It is too early to know if it will be successfull or not.
The bitcoin has open the world to all the cryptocurrencies but that does not mean that the other alts are worthless.
In the today world we have dollars euros yens and many more the alts can co-exist in the future (with or without lightning).