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> they have a stake in making money off the lightning network How? Anyone can run a lighting node > And now that we've reach a critical mass of transactions

by VMG 9y ago

> they have a stake in making money off the lightning network How? Anyone can run a lighting node > And now that we've reach a critical mass of transactions this lightning network is nowhere to be found That conflicts with the other statement. Please tell me where you are stuck: https://medium.com/@JimmyMow/announcing-zap-a-lightning-network-wallet-47622acd89fb https://medium.com/@JimmyMow/announcing-zap-a-lightning-netw...

colordrops 9y ago
Don't play ignorant. The lightning network is no where near the availability to be used by everyone. Blockstream is trying to get it out as fast as they can, and they are trying, but it's not adopted yet, despite years of development and promotion. https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f https://medium.com/@luxushub/the-truth-about-blockstream-and... The lightning network is backed by Blockstream, which employs the most core devs. Blockstream plans to make their profits by making fees off of providing lightning network channels to exchanges.
- VMG 9y ago
  What competitive advantage would Blockstream have? Why would exchanges not peer directly? It is all open source protocols and software. There are three major implementations to choose from.
  - colordrops 9y ago
    What advantage? The fact that they designed and developed it, and are first movers, and it's their entire business model? How does github.com even make money? git is open source. Redhat? Linux is open source.
    - VMG 9y ago
      Yet Torvalds runs neither of those businesses. What is your point here?
      - colordrops 9y ago
        What is Blockstream's business model?
        VMG 9y ago
        Certainly not running open source software on commodity hardware. Other than that I don't know, same as for 90% of Blockchain companies that get the same level of investment or more.
        colordrops 9y ago
        That's a non answer.

by VMG 9y ago

colordrops 9y ago

Don't play ignorant. The lightning network is no where near the availability to be used by everyone. Blockstream is trying to get it out as fast as they can, and they are trying, but it's not adopted yet, despite years of development and promotion. https://medium.com/@luxushub/the-truth-about-blockstream-and-the-lightning-network-896d69b48f0f https://medium.com/@luxushub/the-truth-about-blockstream-and... The lightning network is backed by Blockstream, which employs the most core devs. Blockstream plans to make their profits by making fees off of providing lightning network channels to exchanges.

VMG 9y ago
What competitive advantage would Blockstream have? Why would exchanges not peer directly? It is all open source protocols and software. There are three major implementations to choose from.
- colordrops 9y ago
  What advantage? The fact that they designed and developed it, and are first movers, and it's their entire business model? How does github.com even make money? git is open source. Redhat? Linux is open source.
  - VMG 9y ago
    Yet Torvalds runs neither of those businesses. What is your point here?
    - colordrops 9y ago
      What is Blockstream's business model?
      - VMG 9y ago
        Certainly not running open source software on commodity hardware. Other than that I don't know, same as for 90% of Blockchain companies that get the same level of investment or more.
        colordrops 9y ago
        That's a non answer.