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"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. B
by 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.