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> (and nope the Lightning Network is not Bitcoin) What is it then? > I would not go far to dismiss all of them. I would. Every single crypto is an affinity s
by Quindecillion 5y ago
> (and nope the Lightning Network is not Bitcoin)
What is it then?
> I would not go far to dismiss all of them.
I would. Every single crypto is an affinity scam of Bitcoin. They're just unregistered securities of companies. Bitcoin is just an open and neutral protocol that's not owned by any company.
- once_inc 5y agoI feel like the person you are replying to is going to take this discussion into the direction of bitcoin cash being the real bitcoin. If so, please let it be noted that all other cryptos, including forks of Bitcoin, aren't bitcoin, and are affinity scams.
- rvz 5y ago> I feel like the person you are replying to is going to take this discussion into the direction of bitcoin cash being the real bitcoin. I could not care less about attempting to 'use' a cryptocurrency that is slower than VISA and as extremely volatile for merchants to use to accept payments with and is useless as 'digital gold'. Just ask El Salvador.
- rvz 5y ago> What is it then? It is a centralized off-chain layer 2 service which does not use the blockchain to record those transactions. A complete contradiction to the whole point of Bitcoin's purpose. > I would. Every single crypto is an affinity scam of Bitcoin. Bitcoin itself is included then, since it was supposed to be a peer-to-peer electronic cash system. Instead it is somehow a 'store of value' or 'Digital gold', beyond slow as soon as it can't be scaled up to hundreds of millions of users using it (significantly slower than VISA), thus cannot be used as a form of payment but it is purely only useful as a speculative asset. Therefore, Bitcoin has failed in its entire purpose.