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RE: Has Bitcoin's Lightning Network Failed?
thanks for your video. here are my thoughts
i prefer on chain scaling with dash (no forks for 5 yrs now, fingers crossed) - very easy, fast and reliable. I have seen LN in action for a year now, online AND offline and iam not convinved that merchants will be satisfied with it. too complicated to also take care of a 2nd layer. There is a 2nd layer in dash too (Masternode network) but this you dont really notice as an end user.
I still hold some BTC put if things continue this way for BTC/LN i think it will head towards serious issues because store of value will fade if bicoin isnt usable as money anymore.
To be fair a store of value doesn't have to be usable money but trustworthy money. Gold is the best example.
but gold pegged bills had been money until 1971 in the us for example (not to long ago, in money terms) since then money has been manipulated all the way long.
so what if i can get a faster system with Dash/BCH with SAME level of security, BTC might be washed out of the market in, lets say, 5 years time.
and bills are centralized solution to which bitcoin could be used with as well.
Disagree with the level of security
we'll see, I don't think BTC will even be washed out even in 10 years
time will tell - hope steem will be around in 10 years ;D