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SpaceX is successfully building reusable rockets. BTC can process few transactions every ten or so minutes at enormous price. I think SpaceX is definitely over

by rebolek 4mo ago

SpaceX is successfully building reusable rockets. BTC can process few transactions every ten or so minutes at enormous price. I think SpaceX is definitely overpriced but saying that BTC is more sane is completely delusional.

Overpower0416 4mo ago
BTC has the layer 2 lighting network that can process more transactions than Visa and MC combined with very cheap fees. I guess HN knowledge of Bitcoin does not go further than 2015
- ben_w 4mo ago
  "Can" != "does". The current actual throughput of the Lightning Network is estimated at around 300 TPS: https://www.spark.money/tools/lightning-vs-visa https://www.spark.money/tools/lightning-vs-visa Also, everything on level 2 needs to be ultimately balanced on level 1; BTC doesn't have enough throughput to balance all the banks in the world, and lo Lightning appears to be consolidating into fewer nodes. Also also, everything level 2 (including Lightning) necessarily takes away at least one of the selling points used for BTC, and replaces them with something functionally equivalent to 50% of a bank but worse.
  - Overpower0416 4mo ago
    It literally says this in the website your linked > Current actual throughput is significantly lower, estimated at around 300 TPS, because the network is still growing. However, Lightning's architecture scales horizontally: as more nodes and channels are added, capacity increases without any protocol changes. The network's total value locked has grown past $500 million, with over 15,000 active nodes and 50,000+ payment channels. The layer 2 has been predicted by one of the first adopter in 2010 so it was always the plan https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211 https://bitcointalk.org/index.php?topic=2500.msg34211#msg342... It can scale without any changes and if there is demand it will surpass Visa and MC
vanuatu 4mo ago
dont think the value of btc comes from its utility anymore stables are much better for transactions anyway
two_handfuls 4mo ago
SpaceX the company has done and is doing amazing feats of technology. SpaceX the stock is only in a very small part about rockets and space. In their filing they talk about their total addressable market being $28.5 trillion, of which $26.5 trillion are AI. That means that they believe the SpaceX stock is 93% about AI. It's open to argument whether xAI or BTC is crazier - I just wanted to say that when talking about SpaceX stock, it's not really about rockets.

by rebolek 4mo ago

Overpower0416 4mo ago

BTC has the layer 2 lighting network that can process more transactions than Visa and MC combined with very cheap fees. I guess HN knowledge of Bitcoin does not go further than 2015

ben_w 4mo ago
"Can" != "does". The current actual throughput of the Lightning Network is estimated at around 300 TPS: https://www.spark.money/tools/lightning-vs-visa https://www.spark.money/tools/lightning-vs-visa Also, everything on level 2 needs to be ultimately balanced on level 1; BTC doesn't have enough throughput to balance all the banks in the world, and lo Lightning appears to be consolidating into fewer nodes. Also also, everything level 2 (including Lightning) necessarily takes away at least one of the selling points used for BTC, and replaces them with something functionally equivalent to 50% of a bank but worse.
- Overpower0416 4mo ago
  It literally says this in the website your linked > Current actual throughput is significantly lower, estimated at around 300 TPS, because the network is still growing. However, Lightning's architecture scales horizontally: as more nodes and channels are added, capacity increases without any protocol changes. The network's total value locked has grown past $500 million, with over 15,000 active nodes and 50,000+ payment channels. The layer 2 has been predicted by one of the first adopter in 2010 so it was always the plan https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211 https://bitcointalk.org/index.php?topic=2500.msg34211#msg342... It can scale without any changes and if there is demand it will surpass Visa and MC

vanuatu 4mo ago

dont think the value of btc comes from its utility anymore stables are much better for transactions anyway

two_handfuls 4mo ago

SpaceX the company has done and is doing amazing feats of technology. SpaceX the stock is only in a very small part about rockets and space. In their filing they talk about their total addressable market being $28.5 trillion, of which $26.5 trillion are AI. That means that they believe the SpaceX stock is 93% about AI. It's open to argument whether xAI or BTC is crazier - I just wanted to say that when talking about SpaceX stock, it's not really about rockets.