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Then you did not look (closely) enough at BTC. When transaction prices went up in 2017 [1] the second layer technology "Lightning" was invented and build-out.
by janandonly 5y ago
Then you did not look (closely) enough at BTC. When transaction prices went up in 2017 [1] the second layer technology "Lightning" was invented and build-out.
Right now, Joe Average, can transact for fractions of pennies. [2]
[1] http://melaurent.github.io/spamattack/ http://melaurent.github.io/spamattack/
[2] https://bitcoinist.com/lightning-cnbc-sent-btc-to-a-ukranian-in-poland/ https://bitcoinist.com/lightning-cnbc-sent-btc-to-a-ukranian...
- rvz 5y agoHaven't you realised that 'the second layer technology "Lightning"' aka Lightning Network is not Bitcoin and is an off-chain system and is centralised by design which contradicts and defeats the whole purpose of what Bitcoin was built for? [0] [0] https://iopscience.iop.org/article/10.1088/1367-2630/aba062 https://iopscience.iop.org/article/10.1088/1367-2630/aba062
- Capira 5y agoThe Lightning Network is decentralised because it is trustless and permissionless. Anyone can send Bitcoins instantly and almost for free. Check out the code to convince yourself. https://github.com/ElementsProject/lightning https://github.com/ElementsProject/lightning
- janandonly 5y agoSo 10% of the total number of lighting nodes holed 80% of the total BTC coins... and that is why it is 'centralized'? I think I have a different definition ...
- BLanen 5y ago