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There is something like the Lightning Network now (already for 6 years but only usable for about on year now in my view). It's like a wrapper around bitcoin. Us
by I_am_tiberius 3y ago
There is something like the Lightning Network now (already for 6 years but only usable for about on year now in my view). It's like a wrapper around bitcoin. Using it you make transactions which are very cheap and only put a transaction on the blockchain at the beginning and very end. Everything in between in done on the Lightning Network.
- moooo99 3y ago"There's the lighting network" has been the standard excuse when I was in crypto before I learned how money actually works. And yet, it doesn't seem to work. Beyond that, it also addresses only one of the major problems with cryptocurrency
- I_am_tiberius 3y agoThe Lightning Network works. Not sure what you are referring to. Also, not sure what you want to say using your first sentence.
- moooo99 3y ago> The Lightning Network works. Not sure what you are referring to Im referring to the fact that it theoretically works but is in practice not particularly widespread. Also, it’s supposedly capable of handling „millions of transactions per second“, but if that is actually working out remains to be proven. > not sure what you want to say using your first sentence. It’s just my annoyance with crypto bros being obsessed with one particular monetary system that played a role for some time while being mostly ignorant to the fact how and why modern currencies work. This is where those naive obsessions with BTC supply being technically locked etc comes from.