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RE: Bitcoin Is Now Recognised As An Asset Class - Trace Mayer Interview
Trace is intelligent but obviously misinformed or too heavily invested in BTC to be unbiased. The lightning network is a ploy by institutions to centralize bitcoin. Support on-chain scaling and the decentralized currency that Satoshi envisioned, not the corrupted coin that BTC has become.
This video explains the truth:
Haha, I think you are fairly misinformed and I think Trace Mayer has enough wealth through his first investment, don't think he need to shill the market to get richer. Someone else posted this youtube vid about LND in another discussion and this was my answer:
Sorry, but what a bullshit video, it is indeed a Bcash shill video:
1: LN is designed for small payments under 100 USD but mostly way smaller transactions like coffee or something similar or even micro transactions for reading an article or viewing a video (will never be possible with Bcash by the way) , so with a smaller amount you can be a node easily. I think many BTC users will set up a node, because now it is finally possible to earn a passive income on your bitcoins in a very secure way (if for example hardware wallets implement it). Furthermore it will be possible to do it anonymous via TOR, so tell me how they are going to control this........
2: The node who transmit a transaction only knows who is the node before and after him (even don't know if it is the source, destination or somewhere in the middle), so a hub can never know where the payment comes from. If you implement a function that you want to route your payment through a certain minimal amount of nodes (5 for example) a hub that want to do AML or KYC never knows who you are.
3: Every node that will pass your transaction through is forced by rules in the smart contract to do what it needs to do, if it fails the blockchain will handle it. This means a node has no power to do anything else than just forward your transaction.
4: This is all open source, so if a side chain or a service that Blockstream delivers start to look like a monopoly you can simply fork it and launch a new sidechain without the flaw.
5: Running a full node is ALWAYS important to be sure your BTC can't be stolen, onchain and with LN as well. Bitcoin keeps the blocks small so it will remain relatively easy and cheap to run a full node. Bcash is making it more and more expensive to run a full node, so HERE CENTRALIZATION WILL ARISE!
6: A hardfork is a way to FORCE all the users to obey to the new rules (if no consensus this is against the voluntary mindset!), There will be multiple side chains and everyone can use it if they want. If you don't want, use (or create) another sidechain or transact onchain.
It is really sad to see Roger Ver attack Bitcoin with nonsense (already 2 major corrections led by him and his followers) and slow adoption down by spreading FUD and confusion (What is the real bitcoin bullshit question). He is exactly doing what the NWO does (paying people to riot (online in this case), market manipulation, dividing people and brainwashing via his media (bitcoin,com, r/btc).
I like Jeff Berwick his view on the world a lot and he is doing a lot to bring knowledge to the people about freedom. Thats why I am so disappointed about the change in his view about Bitcoin. A few months ago he invited Roger Ver and Trace mayer as well to show both sides of the debate and I respected him a lot because of this.
Bitcoin is so important to bring freedom to the people, so I want to ask: Can you please make sure that Blockstream is compromised and bring real facts to you visitors before you attack Bitcoin?
The last part is off topic, but I just copy / pasted it
Yes ok. But the last part is the more intresting one to me. I am supporting Bitcoin and sold most Bcash after fork because big blocks cant handle 1k or 10k transactions per secound. I just dont like that Bitcoin and Bcash share the same hashalgo, but i got my node and miner ready to mine Bitcoin and support the Bitcoin network. Even if all Minercompanies shoot down i bet Bitcoin survives because of entusiasts like me. About Bcash i dont know but looks like centralised miner.