rj123

3 ms·

1. 1.▲
   by rj123 9y ago

   Segwit was just activated on Bitcoin around two weeks ago. Among other things, segwit includes a fix for txn malleability needed to facilitate a lightning network implementation on bitcoin. The lightning network alpha release has been im
2. 2.▲
   by rj123 9y ago

   They discovered this on July 29, the CFO and two other senior executives sold shares 3 days later. They are just now reporting it (when most of the news coverage is focused on the hurricanes). What are the odds they get their day in court
3. 3.▲
   by rj123 9y ago

   That's unlikely. Bitcoin cash isn't accepted anywhere yet, and unlike Bitcoin it does not have Segwit, and thus no layer2/lightning network support. It's 8MB blocks only up the on-chain scaling from like 3 tx/sec
4. 4.▲
   by rj123 9y ago

   The main use case is small payments. You open a channel locking X amount of funds, and then can send or receive small payments to/from other parties on the network without broadcasting those transactions to the blockchain or paying fe
5. 5.▲
   by rj123 9y ago

   I think you misread my response, or maybe I wasn't clear, since I agree with you. I said the lightning network has no security on it's own. It requires an underlying blockchain on which to lock funds. Those underlying locked fu
6. 6.▲
   by rj123 9y ago

   The lightning network has no security (protection against double spend) on it's own. It relies on the underlying blockchain for that.