6 ms·

They dropped Bitcoin because transaction fees are really high, and the bitcoin core team has no intention of solving the problem. Maybe in 18 months, when the

by stale2002 9y ago

They dropped Bitcoin because transaction fees are really high, and the bitcoin core team has no intention of solving the problem. Maybe in 18 months, when the mythical lightning network gets released they will add it back. But not now.

sonoffett 9y ago
You do realize that there are literally people buying coffee in meatspace today using lightning? https://twitter.com/alexbosworth/status/955870434230132736 https://twitter.com/alexbosworth/status/955870434230132736
- zerostar07 9y ago
  is it being used to transfer funds from one exchange to the other? because tbh that seems to be the #1 utility of cryptocoins at the moment.
- tobltobs 9y ago
  From your link: > but it's just a test version so it could easily break. > There’s no mainnet wallets available for regular users, but you can try testnet. > This is all a work in progress, Somewhere in a lab on this planet they might have a flying car, that doesn't mean you can use one any time soon.
- stale2002 9y ago
  The literal lightning network developers do not recommend that you use lighting right now because you could lose money. When the actual devs tell me not to use a buggy, in working, piece of software, I am going to listen to them.
wyldfire 9y ago
> no intention of solving the problem. I was starting to grow pretty concerned but clearly segwit and LN have made enough progress that fees have dropped to ~10sat/byte. [1] That is dirt cheap. [1] https://bitcoinfees.earn.com https://bitcoinfees.earn.com
- keymone 9y ago
  i don't think LN has had a chance to make any impact yet and segwit's adoption could be better though it does help. main reason for the drop imo is the end of the hype cycle: https://trends.google.com/trends/explore?q=bitcoin https://trends.google.com/trends/explore?q=bitcoin Edit: typo
  - wyldfire 9y ago
    Fair enough, you may be right.

sonoffett 9y ago

You do realize that there are literally people buying coffee in meatspace today using lightning? https://twitter.com/alexbosworth/status/955870434230132736 https://twitter.com/alexbosworth/status/955870434230132736

zerostar07 9y ago
is it being used to transfer funds from one exchange to the other? because tbh that seems to be the #1 utility of cryptocoins at the moment.
tobltobs 9y ago
From your link: > but it's just a test version so it could easily break. > There’s no mainnet wallets available for regular users, but you can try testnet. > This is all a work in progress, Somewhere in a lab on this planet they might have a flying car, that doesn't mean you can use one any time soon.
stale2002 9y ago
The literal lightning network developers do not recommend that you use lighting right now because you could lose money. When the actual devs tell me not to use a buggy, in working, piece of software, I am going to listen to them.

wyldfire 9y ago

> no intention of solving the problem. I was starting to grow pretty concerned but clearly segwit and LN have made enough progress that fees have dropped to ~10sat/byte. [1] That is dirt cheap. [1] https://bitcoinfees.earn.com https://bitcoinfees.earn.com

keymone 9y ago
i don't think LN has had a chance to make any impact yet and segwit's adoption could be better though it does help. main reason for the drop imo is the end of the hype cycle: https://trends.google.com/trends/explore?q=bitcoin https://trends.google.com/trends/explore?q=bitcoin Edit: typo
- wyldfire 9y ago
  Fair enough, you may be right.