What is your point? Do you want to say LN is shit?
Discussion
Yes but it has use cases?
sure. for micropayments. We are just on the early stage and we need more improvements. But it doesn't mean that LN is shit.
6 years no improvements?
Yes improvements. Lower your time preference and be patient. Don't just complain, do something about it.
Nope I’ve waited long enuff.
It’s all most a waste at this point.
I do I try to only use lightning like I used doge as a joke lmfao
Lightning is good, and it's literally so early. Look at lightning 5 years ago compared to today. Lightning 5 years from now will be a different beast
Only for certain things.
I don’t consider 5 years early anymore.
5 years is extremely early for a financial system brother💯
Ln is not a financial system.
It’s a transaction layer limited by the financial system that it runs on….. bitcoin.
Okay I agree it's not a financial system itself it's a system which facilitates micropayments on Bitcoin which is itself the financial system. But out of curiosity what issues do you think having a bigger blocksize will fix?
"Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient." -Hal Finney, Dec 2010
Good quote I miss Hal.
Was lucky enuff to be early enuff to see him around the forums.
He was taken to early.
I completely agree with this statement.
I think for anything to scale on bitcoin as a L2 the base chain needs to be able to scale, if it doesn’t it becomes unusable no any other layer.
The way I see it is the base layer will only be used be extremely wealthy individuals and big organisations such as central banks, it's too valuable for the regular person to need it. Regular people will transact on L2 and L3 layers hell maybe even L4 we don't know what things'll look like 10/20 years from now.
If l1 gets that expensive your never going to afford using l2 & up.
How are you going to open up a ln channel? If you can’t pay the base chain?
I don't think you will have to do a L1 tx to get L2 and up working in the future, I really think you'll be surprised at the innovation that can happen in the next 10 years.
If there’s no tx on the main chain your not using bitcoin anymore.
And saying passing ln channels generationally as a joke.