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Where is the lightning network, so people can buy common, small dollar amounts of goods and services with BTC? IMO that's going to be the next catalyst, it's sl
by RandomTisk 7y ago
Where is the lightning network, so people can buy common, small dollar amounts of goods and services with BTC? IMO that's going to be the next catalyst, it's slowly fading out until it's at least technologically possible to go mainstream.
- Laforet 7y agoLN has some fundamental issues with regards to security that I don't have time to go into there. However any L2 protocol based on BTC is going to have a hard time getting bootstrapped for the simple reason that there isn't enough throughout in the mainnet to transfer a sufficient amount of balance to a second layer. With the UTXO pool fragmented as is I don't think there is much hope of improvement.
- RandomTisk 7y agoWhat is the alternative, wait until 500MB blocks are feasible for both blockchain storage and PoS bandwidth?
- imtringued 7y agoThey pretty much are.
- Huycfhct 7y agoLn a solid technology that is gaining in adoption
- solotronics 7y agoIts awesome, I have been using Bluewallet app to send and receive Bitcoin/Lightning between friends for about a year now. There was a "lightning torch relay" where hundreds of people added some lightning and sent it on as a proof of how the network performs. The money was then donated. https://cointelegraph.com/news/lightning-torch-reaches-final-destination-over-04-btc-donated-to-humanitarian-aid https://cointelegraph.com/news/lightning-torch-reaches-final...