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Bitcoin Apr 20
Last week: "How dare people resort to strong-arm tactics to silence ? This is against the spirit of crypto!" This week: " please shut down the account! We cannot tolerate his message! Reeeeee!"
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Cøbra Apr 20
Replying to @Bitcoin @jack
They can tolerate your message, they just can't tolerate your username spreading that message.
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Bitcoin Apr 20
Replying to @CobraBitcoin @jack
Why should I have to change my username because BTC stopped being p2p electronic cash? I promote the Bitcoin idea, not religious devotion to a ticker symbol.
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Cøbra Apr 20
Replying to @Bitcoin @jack
P2P "electronic cash" is impossible since to implement a system as close to actual cash as possible, you would need no fees, and that introduces tragedy of the commons disasters in blockchains. You have to accept some level of fees, and right now BTC fees are acceptable.
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Bitcoin Apr 20
Replying to @CobraBitcoin @jack
I disagree that $1 fees are acceptable. That's 20% of the average monthly wage in Venezuela. You can't do microtransactions if fees are $1. Even a $10 purchase (not small IMO) incurs a 10% fee on BTC.
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Richard⚡️Satoshi⚡️Clare Apr 20
Why Ln exists then? for micro txs.Stupid justifications for scaming people.
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ओ३म् Apr 20
LN is not bitcoin.
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Richard⚡️Satoshi⚡️Clare Apr 20
but allows you to use btc for 1sat/tx and trade ltc/btc and many others will join.
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ओ३म् Apr 20
Ahh yes, and what will encourage miners to continue to secure the chain when the majority of tx are off chain? Tangentially, you do know LN tx can be censored right?
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Richard⚡️Satoshi⚡️Clare Apr 20
other chains are doing notarizations on chain, and all Ln tx’s eventually go to the main chain when channels are open/closed. all txs wont be onchain, just huge transactions. LN is for micro/small payments.
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ओ३म्
Again, what will encourage miners to continue to secure the chain when the majority of tx are off-chain? Beyond that has demonstrated LN chokes itself out with high fees...
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Richard⚡️Satoshi⚡️Clare Apr 20
Ok, I will keep enjoying the exponential growth, adoption and usecases of LN while others are doubtful and fudding on LN. U cant see the full picture, and miners will still be getting btcs for 100 years by mining without tx fees. Onchain txs will not disappear because of Ln.
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ओ३म् Apr 20
Dude, block halfenings are coming. You expect the fees of ~7tps a block to keep miners around forever?
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Richard⚡️Satoshi⚡️Clare Apr 20
and what about schnorr signatures and other upgrades that will increase tx per block?
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ओ३म् Apr 20
Excited for them! BCH is getting them in about 24 days. 😉
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