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Tytanowy Janusz
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July 21, 2018, 07:02:44 AM
 #1

Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and  chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.

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July 21, 2018, 07:29:37 AM
 #2

Lightning network is really the best way for bitcoin to make it more better than ever. If the lightning network will be implemented then the bitcoin transaction fees will be much smaller compared to before. Also it the network is established the confirmation of transactions will be much faster than before and there will be no back logs on the mempool.
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July 21, 2018, 11:01:57 AM
 #3

Exacly. Thats why i think it is important to monitor lightning network dewelopement. I think that after reaching 100BTC or 1 000 or 10 000 BTC someone important in crypto will spread that news and that will pump price. And with that fast developement it can happend next week - month.

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July 21, 2018, 11:15:43 AM
 #4

Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and  chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.


Lightning network is a 3rd party offchain payment system , it also works with Litecoin or any other coin that included segwit.
Also fees are still variable with LN and each hub can charge additional fees and no one knows what the so called watch towers are going to charge.

I guess that ruins your theory as LN is not bitcoin only.  Wink

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Tytanowy Janusz
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July 21, 2018, 05:48:03 PM
 #5

Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and  chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.


Lightning network is a 3rd party offchain payment system , it also works with Litecoin or any other coin that included segwit.
Also fees are still variable with LN and each hub can charge additional fees and no one knows what the so called watch towers are going to charge.

I guess that ruins your theory as LN is not bitcoin only.  Wink

Yea but we have bitcoin - slow, expensive but with huge hype/marketing/infrastructure and other coins made for payments to be faster and cheaper. If bitcoin become faster and cheaper other will not be able to compete even if they apply lightning network or not. Even if bitcoin will need 0.1 cents for transfer and there will be some even cheaper they will loose with bitcoin because of its hype/marketing/infrastructure. Thats why lightning network will moon bitcoin and dump others which only purpous was to be faster and cheaper than bitcoin.

Thats why i think that monitoring lightning network developement is mandatory.

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July 21, 2018, 05:57:03 PM
 #6

Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and  chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.
thanks for the information you provide. but I do not think it would have a major impact on the current bitcoin price. If we look at 2-3 years ago maybe what you give this will look and have a direct impact on bitcoin prices because there were very few people in the world who know of bitcoin as a digital exchange tool. Hopefully, if used could have an impact on the current bitcoin price even though I'm still a bit hesitant
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July 21, 2018, 06:20:00 PM
 #7

The LN is going to without a doubt revolutionize bitcoin and all things crypto, but we can't continue talking about it like it's going to come out tomorrow. The LN is far from being able to process large transactions, nor is it able to process many transactions at the moment. I would like to say again that I do love the idea behind it, and I do think that it will do great things if / when it goes public and has the adoption it needs to be relevant. We must continue to stress the fact that it isn't ready for mass adoption yet. Plus, stuff like this SHOULDNT have an affect on price NOR should it matter. I don't know why people always adopt price and innovation together. Look at the shitcoins if you want that point proven.

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July 22, 2018, 03:23:24 AM
 #8

Lightning network is an important step of blockchain technology on transaction confirmation time! Applying will greatly reduce the validation time! Enhance the efficiency of the network!
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July 22, 2018, 03:53:13 AM
 #9

Lightning network will make Bitcoin fastest and one of the cheapest crypto.
maybe not cheapest since there are coins with no fee, but definitely the fastest considering the security of it.

Quote
It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless.
i wouldn't call that an advantage, for most cases the lower fee is because of lack of usage (eg. ETH was advertised as low fee but these days you basically pay $5+ for fee every now and then) and faster speed has introduced more disadvantages than advantages!

Quote
It will suck money from them and pump bitcoin.
everything about this is wrong in my opinion!
first of all bitcoin is not some shitcoin to get pumped Smiley
second people don't invest their money in altcoins to now want to switch it to bitcoin, instead they invest their bitcoin in altcoins and they do it to increase the amount of bitcoin they have so they will continue doing so because they will always want to profit.

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good tool thanks for sharing.

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July 22, 2018, 04:05:21 AM
 #10

Definitely the LN will be a great improvement for Bitcoin. With quite less fees and instant transactions. It may still take time but it will surely come to mainstream use.

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July 22, 2018, 04:13:46 AM
 #11

The LN is going to without a doubt revolutionize bitcoin and all things crypto, but we can't continue talking about it like it's going to come out tomorrow. The LN is far from being able to process large transactions, nor is it able to process many transactions at the moment. I would like to say again that I do love the idea behind it, and I do think that it will do great things if / when it goes public and has the adoption it needs to be relevant. We must continue to stress the fact that it isn't ready for mass adoption yet. Plus, stuff like this SHOULDNT have an affect on price NOR should it matter. I don't know why people always adopt price and innovation together. Look at the shitcoins if you want that point proven.



The Lightning Network is a "second layer" payment protocol that operates on top of a blockchain. It theoretically enables fast transactions between participating nodes and has been touted as a solution to the bitcoin scalability problem.
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July 22, 2018, 06:10:34 AM
 #12

Exacly. Thats why i think it is important to monitor lightning network dewelopement. I think that after reaching 100BTC or 1 000 or 10 000 BTC someone important in crypto will spread that news and that will pump price. And with that fast developement it can happend next week - month.

if you mean the "capacity" of lightning network then this can not be the reason for the rise but the adoption of it is. which can also be seen on that capacity (which is basically the total amount of bitcoin people have put in their open channels).
for example when big merchants, exchanges and other services, etc start using LN and implement it for real then you can see the real big rise begin.
until that day this capacity doesn't matter much in my opinion because LN is not yet fully ready or adopted.
...the good news is we are not far from that day.

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July 24, 2018, 10:17:09 AM
 #13

This makes the transaction fees cheaper and more accessible for the users.  Other payment channels or multiple channels can also be used to reach partner, with the network finding the shortest way. it's not as secure as the blockchain, but it's widely adopted for small transactions, and it will reduce the strain on the blockchain.
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July 24, 2018, 10:18:17 AM
 #14

Lightning Network supports some other cryptocurrencies also. But it is going to pump Bitcoin I guess. It will probably create huge hypes for bitcoin which can make btc greater than ever.
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July 24, 2018, 10:24:47 AM
 #15

Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and  chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.
At present, the blockchain network is rather slow, leading to the increase in transaction cost of Bitcoin. We need to apply the Lightning Network to overcome these disadvantages of Bitcoin and make the Bitcoin system work more flexible.
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July 24, 2018, 10:34:35 AM
 #16

I am agree with it. Lightning network is going to develop Bitcoin lot. Smaller transaction fees and faster confirmation will make Bitcoin faster than ever. And yeah monitoring is must for LN.
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July 24, 2018, 10:46:49 AM
 #17

Yes, this is true, which is why it is very important to keep an eye on Lightning Network and it's development process, so that a clear growth prediction can be made, upon which potential investors can start working. Thank you for this great insight.
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July 24, 2018, 11:07:20 AM
 #18

Lightning network is a 3rd party offchain payment system

Would you care to name this supposed third party? 


I guess that ruins your theory as LN is not bitcoin only.  Wink

Which is a positive, rather than a negative.  Just wait for Atomic Swaps to kick in and then see what you're missing out on if you use a coin that isn't Lightning-enabled.  This is all stuff that's going to come later, though.


The LN is going to without a doubt revolutionize bitcoin and all things crypto, but we can't continue talking about it like it's going to come out tomorrow. The LN is far from being able to process large transactions, nor is it able to process many transactions at the moment. I would like to say again that I do love the idea behind it, and I do think that it will do great things if / when it goes public and has the adoption it needs to be relevant. We must continue to stress the fact that it isn't ready for mass adoption yet.

Now that's a sensible critique.  While it is technically "out", it's mostly the advanced technical users testing the waters right now.  We're still very early in the adoption curve.  There's a loooong way to go before any of this is user-friendly enough for the average member of the public.


adb32ub
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July 24, 2018, 11:12:50 AM
 #19

Lightning network is a good solution to mitigate the problem of payment speed. I definitely like it.
LedrookETH
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July 24, 2018, 12:04:17 PM
 #20

What you are saying has some truth in it, the part that lightning network will make bitcoin transactions easy, fast and cheap is true. But, lightning network will need a lot of time to come to a proper form where it can process numerous transactions at a time. Moreover, the market is too saturated with the arrival of so many coins that it is impossible for them to manually pump and dump other coins.
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