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Author Topic: Lightning Network - Thoughts?  (Read 1459 times)
Flux0z
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June 05, 2020, 09:06:02 AM
 #81

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.
As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]


That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..
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June 07, 2020, 05:57:44 AM
 #82

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.
As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]


That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

Yeah, it's going to be big if they can roll it out this year, and for sure many DEX will follow on their path and implement LN itself. Binance DEX? I agree they are not that decentralised, they just put it up to attract traders, but a wise and intelligent traders knows what they are doing from behind.

Will keep an eye on the Stakenet Lightning DEX and do hope that it will be a huge success. It is very different concept (LN + MN), for sure everyone is excited about this one.

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June 09, 2020, 06:02:16 AM
 #83

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.
As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]


That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

Yeah, it's going to be big if they can roll it out this year, and for sure many DEX will follow on their path and implement LN itself. Binance DEX? I agree they are not that decentralised, they just put it up to attract traders, but a wise and intelligent traders knows what they are doing from behind.

Will keep an eye on the Stakenet Lightning DEX and do hope that it will be a huge success. It is very different concept (LN + MN), for sure everyone is excited about this one.

It's a pretty damn cool project, and I still can't comprehend how everyone is missing out on this one. Literally solves the most important problems we have in the crypto space right now.
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June 09, 2020, 01:54:59 PM
 #84

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.
As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]


That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

Yeah, it's going to be big if they can roll it out this year, and for sure many DEX will follow on their path and implement LN itself. Binance DEX? I agree they are not that decentralised, they just put it up to attract traders, but a wise and intelligent traders knows what they are doing from behind.

Will keep an eye on the Stakenet Lightning DEX and do hope that it will be a huge success. It is very different concept (LN + MN), for sure everyone is excited about this one.

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
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June 09, 2020, 02:28:30 PM
 #85

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

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June 11, 2020, 06:00:45 AM
 #86

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
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June 11, 2020, 03:17:42 PM
 #87

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

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June 12, 2020, 01:47:25 PM
 #88

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

True. Speed of trading is essential if we want to get the masses to trade on DEX's ultimately. Traditional atomic swaps on some chains are simply way too slow
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June 14, 2020, 09:01:32 AM
 #89

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Trading instantly between "heavy" chains such as BTC and LTC is pretty important, and most likely why we haven't seen any REAL usage of DEX's as of lately. CEX's are just way faster to transact on, which is why people just use them instead.
The Lightning Network isn't easy to deal with as well as a standalone thing on top of BTC, so what these guys are working on, is pretty important for ALL DEX's in general.
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June 15, 2020, 03:20:31 PM
 #90

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Trading instantly between "heavy" chains such as BTC and LTC is pretty important, and most likely why we haven't seen any REAL usage of DEX's as of lately. CEX's are just way faster to transact on, which is why people just use them instead.
The Lightning Network isn't easy to deal with as well as a standalone thing on top of BTC, so what these guys are working on, is pretty important for ALL DEX's in general.

True. Stakenet's DEX Aggregator is what will change everything, and make DEX's as easy to use as ANY CEX out there.

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June 17, 2020, 06:21:51 PM
 #91

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Definitely. Trading needs to be  a EASILY accessible for everyone, which is what Binance did back when they launched. Their exchange got popular because it was easy to navigate a part from alle the marketing efforts.

When you look at how smooth the DEX works, there's no doubt that it will be a massive game changer for people looking to trade on DEX's either manually or with trading bots.
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June 17, 2020, 08:03:45 PM
 #92

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

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June 18, 2020, 06:34:47 PM
 #93

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

Adoption is lacking because there's no way to use the Lightning Network in an "easy" way. In other words any newbie in crypto wont be able to make use of it. Stakenet changes this, and makes the whole network extremely user friendly to use, which will undoubtfully make big waves in the crypto communities.
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June 19, 2020, 01:00:23 PM
 #94

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

There has been very little marketing thus far, but mind you I believe it will pick up, once the tech is easily accessible for the "average Joe"
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June 22, 2020, 06:54:48 PM
 #95

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see  Wink
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June 23, 2020, 03:00:35 AM
 #96

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.
It's real Bitcoin does, no marketing, and no endorse. this point made the public has the result to directly pure confidence.

Adoption is lacking because there's no way to use the Lightning Network in an "easy" way.
you must know custodial and how easy to use

There has been very little marketing thus far,
unfortunately, I never seen any marketing for that. are you?, explain me what marketing do you mean?, bounty? airdrop?

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies.
you must try it, same as you first time using myetherwallet,metamask,coinomi and other.

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2020Crypto
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June 24, 2020, 06:12:18 PM
 #97

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.
It's real Bitcoin does, no marketing, and no endorse. this point made the public has the result to directly pure confidence.

Adoption is lacking because there's no way to use the Lightning Network in an "easy" way.
you must know custodial and how easy to use

There has been very little marketing thus far,
unfortunately, I never seen any marketing for that. are you?, explain me what marketing do you mean?, bounty? airdrop?

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies.
you must try it, same as you first time using myetherwallet,metamask,coinomi and other.

I for sure will try this out once it goes public. Been following the progress on the sideline, and it looks VERY promising!
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June 25, 2020, 04:19:06 AM
 #98

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see  Wink

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

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June 25, 2020, 05:10:24 AM
 #99

I for sure will try this out once it goes public. Been following the progress on the sideline, and it looks VERY promising!
It's not like you mean. The Lightning Network isn't ICO or something like a marketing product. this is the technology behind Bitcoin where people call it side chain. LN already on public, people use it for fast light payment, you can google it for more info or read this https://bitcointalk.org/index.php?topic=5158920.0

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June 25, 2020, 06:18:33 PM
 #100

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see  Wink

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Read this: https://www.reddit.com/r/CryptoCurrency/comments/heiw9j/lightning_dex_now_plugged_into_binance_to_ensure/
witho
What Stakenet is doing here is fucking amazing. Basically makes you trade from your OWN wallet, using all centralized exchanges without KYC.

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