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RE: Bitcoin Transaction Fee is Too Damn High!
Yeah, it seems like everytime Segwit comes up for Bitcoin core client, there are many big players against it. They definitely have their own agenda. It's like as big money starts pouring in, so did bad politics. Lightning is already implemented in Litecoin though from what I heard. I wonder why its not being implemented for BTC yet.
A test of two lightning transactions was done in the main BTC network two weeks ago. So I guess it is already implemented in BTC as well. The thing is that Lightning, like segwit, is an opt in upgrade to Bitcoin's functionalities : ( expect the same slow adoption as Segwit is having.
The lightning network runs on top of the blockchain though right? So, my understanding is that some people can have it implemented on their wallet and it doesn't effect the blockchain as a whole. Once people who has the lightning network wallet start saving time and money, I think the word will get around and more people will start using it.
That's right : )
The more people use it, the more people will want to use it, this is the network effect. Let's hope it comes around quickly with lightning!