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RE: Using Bitcoin Lightning Network - Programmer explains
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