Using Bitcoin Lightning Network - Programmer explains
Bitcoin Lightning Network is growing day by day and the technology is really the future of Bitcoin. Today we install the wallet, look at the world map with all the lightning nodes on the testnet and buy coffee using Lightning Network!
Command that you need to write from screen:
npm --add-python-to-path="true" --debug install --global windows-build-tools
Guide:
https://medium.com/@jadmubaslat/bitco...
Free TestNet BTC:
https://testnet.manu.backend.hamburg/...
World Map Lightning Network TestNet:
https://explorer.acinq.co/#/n/03c4b20...
Starblocks - Buy Coffee on the TestNet using Lightning:
https://starblocks.acinq.co
Andreas Lightning Network Centralized?
Thanks for watching guys 💝
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DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.
Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, diffenrent altcoins.
Ivan on Tech by Ivan Liljeqvist
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
done
Lightning Network is only for MICROPAYMENTS, not for big. It can be decentralized, if would be for bigger payments.
Recently i've read an article regarding this that some major bit coin holder transffered his all coins into BCH and said that BCH is future. Now your comment is also proving it true.
BitPay added BCH about a month ago. 🤔 Seems it remains about 80% less than Bitcoin.
No, they did not add Bitcoin Cash. I am speaking about BitPay for merchants obviously, not the wallet. The main thing that made cryptocurrencies popular and the Bitcoin have the price it has today, is the market effect and positive reinforcement loop of merchant adoption and users.
Shows how cool I am I guess, BitPay is just a wallet to me. I’d never toss my btc, more power to you, I’m comfortable with both.
No, not using Bitcoin as a currency is not cool. The title of the bitcoin whitepaper is "peer to peer electronic cash" not store of value. And there cannot be store of value without usefulness as a currency. I wish you good luck.
Thanks. So far, so great. You’ll never see me on here or anywhere else saying something like I traded all my bitcoin.... 👍🏿 I just checked my blockfolio and you’ll be pleased to know that both BCH and BTC still work against banks and still have me financially comfortable.
So far I haven't seen any KYC code in LN. Please let me know if you find any
Have a look at this article. It features some videos that dispel some fears around LN:
https://steemit.com/bitcoin/@xsid/the-lightning-network-is-real-and-it-s-almost-ready
Thank God, finally something good came out of bitcoin community after some long time.
You know what, my very biggest concern about bitcoin recently was how we are going to adopt it and start using it on mass level when we can't buy a burger at Mc'Donalds when we have to wait for 30 minutes.
You can thank Blockstream for making you wait 30 minutes at MC Donald. If they did not take over development of Bitcoin and force a redicilous 1 MB blocks size limit, you would be waiting only 5 seconds from making your payment til you would get that burger.
Yeah that is so true.
But now community is thinking to make it better so I am happy. At least something is better than nothing.
@ivanli, thanks for this awesome video, the lightning network is now clear to me, i used to have a great difficulty understanding this in the past but all is clear right now. The bitcoin community is a great relief to several questions about bitcoin.
Thanks man.
good comment ...good support
I didn't watch your video or read anything on your post. Can I have an up-vote please? Thanks.
Haha, this is classic :D
Is this part of the Sunday morning funny’s? Lol
Informative video but there is still the problem of price volatility, which means merchants will charge a high percentage to cover for the risk but will keep an eye on this though I must confess I would rather buy coffee with cash, 10 years from now I dont want to be that guy that bought pizza with 10,000 bitcoins haha.
Bitcoin as a currency can be used only if it hits crazy numbers like 1000000 USD. Then the volatility will be gone completely. Youll buy coffee with satoshi.
Hey Ivan, thanks for explaining lightning network! Looking forward to watching your video!
CU,
Chris
Suddenly, I have a strong urge for delicious blockachino☕☕! 🤣👌 👍
P.S.: Your video works fine, but the video "Andreas Lightning Network Centralized?" does not work.
Hey @ivanli great informative article. Would love to learn from you.. followed you and added you as a connection on LinkedIn.
But the big question is: what will happen when all of the BTC supply were all mined?
Anyway, here's my take on the current situation of Bitcoin being a bubble and how we should react to it.
Your explanation is impressive. Continue your good work. Cheers!!
Life made simpler with bitcoin so interesting that one doesnt need to move with solid cash i just love technology. Steemit for you to leran indeed
Hey Ivan. Thank you for this in depth explanation. I am not sure about all of the terms because I am really new to all of this but I do get the concepts and am learning more. I have also followed you to keep updated.