As long as you have a channel with that person preconfigured and funded right? Otherwise you need to do an on chain transaction with on chain fees to set up that sub one cent transaction.
Shhhh, don’t point out how there has to be a large pool of the currency sitting in someone’s account and that the person often disappears with it all or spends it. That upsets their narrative. No regulation or oversite is GOOD.
Supposedly she’s dead now but who knows. The current biggest news scam is the FTX shit. That was a crypto exchange. They stole like a billion dollars. Is it better because he didn’t disappear after fleeing to the Bahamas?
This is what I love about you crypto techbros. You just claim everything that doesn’t support your beliefs isn’t real. Please invest all your retirement savings into digital currencies. You’ll show us.
It’s also centralized and just a bandaid over an issue that could have been solved if Bitcoin had stayed true to its original intention, i.e. digital cash, not a fake store of value.
Heck, Bitcoin itself had the majority of its hashrate coming from a dictatorship where the state needs to have a representative in all major companies… One move and the Chinese government had control over the network.
Nobody is forcing you to use the big nodes. Saying lightning is centralized because of that is like saying bitcoin is centralized because exchanges hold coins.
Show me where in the whitepaper does it mentions storing value, please.
No/low transaction fees and ease of transaction is the main point of cash vs barter, Bitcoin abandoned that, now you have to go through the trouble of using level 2 to have small fees and quick transactions, what’s the point of Bitcoin then?
Oh sorry if I don’t keep up to date to the daily movement of Bitcoin… I mean, I wouldn’t have because it’s a store of value and the basic principle of a store of value is the ability to use it and be guaranteed to have what you put in or close to it…
Sigh, you’re wrong again, bitcoin has the potential to be a store of value, it’s not one yet as it keeps going up long term until the market will have found a fair value.
but how do I give someone .0045 cents for no apparent reason??
GNU Taler. Ah, question was rhetorical :)
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Me too, I really like the concept, also have demo-purchased by app with it. Hope it will become usable reality at some point.
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Even if/when GNU Taler launches, somehow I don’t think the VC-backed app scooter companies are going to be adopting anonymous payments anytime soon.
Don’t forget the 40 dollar transaction fee
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As long as you have a channel with that person preconfigured and funded right? Otherwise you need to do an on chain transaction with on chain fees to set up that sub one cent transaction.
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Shhhh, don’t point out how there has to be a large pool of the currency sitting in someone’s account and that the person often disappears with it all or spends it. That upsets their narrative. No regulation or oversite is GOOD.
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Here’s the most widely known and published case:
https://www.google.com/amp/s/fortune.com/crypto/2023/02/24/ruja-ignatova-cryptoqueen-onecoin-murder-bulgaria-crime-boss-yacht/amp/
Supposedly she’s dead now but who knows. The current biggest news scam is the FTX shit. That was a crypto exchange. They stole like a billion dollars. Is it better because he didn’t disappear after fleeing to the Bahamas?
This is what I love about you crypto techbros. You just claim everything that doesn’t support your beliefs isn’t real. Please invest all your retirement savings into digital currencies. You’ll show us.
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It’s also centralized and just a bandaid over an issue that could have been solved if Bitcoin had stayed true to its original intention, i.e. digital cash, not a fake store of value.
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Nothing about lightning is centralized, unless you think bitcoin itself is centralized.
https://www.reddit.com/r/btc/comments/s3tvox/is_lightning_network_decentralized_why/
Great explanation by someone who isn’t a maximalists. Sorry but yes it is.
Haha. Fees are high and it’s impossible to open a channel because of that? That’s beyond stupid…
No, it’s centered around large nodes, that’s the point they’re making.
Over 50% of the network’s capacity in the hands of 5 entities?
https://www.reddit.com/r/btc/comments/vo86ki/over_half_of_all_lightning_network_capacity_is/
Shit’s decentralized as fuck yo!
Heck, Bitcoin itself had the majority of its hashrate coming from a dictatorship where the state needs to have a representative in all major companies… One move and the Chinese government had control over the network.
#decentralization
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Nobody is forcing you to use the big nodes. Saying lightning is centralized because of that is like saying bitcoin is centralized because exchanges hold coins.
Everyone who believed this was true lost a lot of money betting on Bitcoin Cash.
At least Bitcoin cash stayed true to the goal of Bitcoin. A peer-to-peer electronic cash system.
That was also untrue. Electronic cash doesn’t imply no/low transaction fees. Basically everything they told you was a lie.
Show me where in the whitepaper does it mentions storing value, please.
No/low transaction fees and ease of transaction is the main point of cash vs barter, Bitcoin abandoned that, now you have to go through the trouble of using level 2 to have small fees and quick transactions, what’s the point of Bitcoin then?
No. I’ve had this exact argument enough times that it was a relief to finally bet on it.
Oh and show me people who bought Bitcoin in early 2021 that haven’t lost cash please.
Cherry picking, look at a log chart
So is saying that everyone who bought Bitcoin cash lost money considering today isn’t all time low.
It’s not as if I was here to defend Bitcoin cash, I’m here to point out that Bitcoin and lighting network is flawed though.
split date != ATH
The rhetoric you’re repeating is straight out of that scam. And you linked to their subreddit.
Man, why is every one of your comments just wrong?
01.01.2021: 23902
today: 26143
Oh sorry if I don’t keep up to date to the daily movement of Bitcoin… I mean, I wouldn’t have because it’s a store of value and the basic principle of a store of value is the ability to use it and be guaranteed to have what you put in or close to it…
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Sigh, you’re wrong again, bitcoin has the potential to be a store of value, it’s not one yet as it keeps going up long term until the market will have found a fair value.
Monero transaction fees goes brrrrrrrrrrr
It’s less than 10 cents