>core completely fucked bitcoin
Fees were high for a few months as the bubble approached it's peak. Core saw past that, looking towards the future rather than dwelling in the present. Last I checked, fees were under a dollar, not at all completely fucked. They didn't need to buy years, only persevere during those few months.
>merchants are actually stopping accepting bitcoin
Internet drug dealers still primarily accept bitcoin, and they are the ones that matter as their volume eclipses legal purchases. Some are accepting XMR, but ringCT is even harder to scale and theres also liquidity issues...
>core is the main reason this whole party stopped
No, what happened is the natural life cycle of a bubble. Big money doesn't just ram it's way into a new asset class, it has to come in waves, accumulating when people are frightened and dumping when people are auspicious. Although I'm very certain hedera hashgraph will be the mainstream ledger, while bitcoin and monero hold down the dark web. Everything hashgraph is doing is conducive to mainstream success, from the consensus algorithm to the SEC-approved crowdsale to having a fucking goldman sachs boi as their CEO. In the end I think bitcoin will remain where it started, in the dark web
(((Blockstream)))
increasing the block size would have been a pretty safe solution at least for a short time. Stuff like LN should be tested out on altcoins. LN is too much to handle for people who bought their first BTC and the results in January was just an utter disappointment by normies who just concluded "cryptos are not read yet for mass adoption".
Segwit, and subsequently lightning, did hit alts first. Litecoin is basically a bitcoin testnet, and it won't be too much for people to handle, wallet devs will take care of that. In the same sense you don't have to understand TCP/IP in order to use facebook
also, normies don't drive the market, they are just passengers on the ride. Whales move the market, they drive it up to get normies buying and then sell into that liquidity before driving it down. Liquidity is the name of the game, and that's why the bubble burst, not tx fees. The demand was exhausted and so began the distribution. Classic Wyckoff market cycles
Get on the CASH train
Hey can you send me some bitcoin? I don't have any bitcoin, therefore no channels, and cant interact with the network. I'm not able to host a node online with 100% uptime.
No sane person would spend money to fund a strangers channel, without them funding the other end. This will probably lead to stagnant growth.
The fundamental design of LN is flawed, as liquidity is limited per channel, and will never achieve mass adoption. Nodes are an entirely new attack vector, and can easily be taken offline by DDOS, or funds can be stolen from the node itself.
If we want to achieve mass adoption we need better alternatives than what already exists. LN is not that.
LN will never save Bitcoin. Payment channels are nice, and have usecases, but the world economy cant run on it 100% due to its flawed design, both in usecase and security.
Blockstream hijacked the project and made it all shitty and complicated.
It's fine though, it will become a boomer coin for etfs. Anyone who wants progress can move to alts.
Npcs fall for psyops very easily fren
They are sleeper agents