>Nothing can be received immediately after creating a new payment channel, as ‘room’ for incoming funds has to be made by spending some funds first. A payment channel can be thought of as a full bottle of water: in order to pour something in one first has to pour something out. >Each channel implicitly contains a reserve which is unspendable and typically takes about 2% of the channel’s capacity. You must spend that reserve before receiving is allowed. Unspendable channel reserve is the reason you see a negative receive limit when a new channel is full. It indicates how much you need to spend before anything can be received through the channel. >Every payment request is disposable, they can’t be fulfilled twice. So you will need to issue a new individual payment request for every incoming payment you wish to receive. >Wallet needs to be online in order to receive off-chain funds.
This is a big step backwards in crypto, why is ANYONE hyped about it?
>Wallet needs to be online in order to receive off-chain funds. I don't think people realize the sheer magnitude of insanity this is.
Benjamin Green
whatever, brainlets. bitcoin is for programming nerds only, its not ready for your grandma or your sub-saharan nigger population. if you can't run a raspberry pi full node and maintain open channel states 24/7 you don't deserve to use bitcoin and should just use fiat.
Let's also not forget that LN funds are completely insecure from the start because its impossible to cold store. So anyone wanting to store funds for years has to do it with hot wallets with LN. Anyone buying into this as a solution is room temperature iq level.
Jackson Watson
So, this is the fabled VISA killer?
Benjamin Lewis
It will go down anyway and bitcoin cash will loose the cash in its name when it happens.
Just remember Bitcoin cash is bitcoin before lightning.
Noah Smith
blockstream and lightning network is nothing else but the banker takeover of bitcoin, they are trying to destroy the invention of satoshi nakamoto and the blockchain
anyone who is still on the btc side is fucking retarded
Noah Jones
God you guys are stupid. Just route through a central banking hub (after providing all necessary identification, including passport, SSN and address) then wait 15 minutes for the Lightning Ad to stop playing, then wait another 10 minutes for the payment to route
FFS, you guys sound like big blocker who wants to make bitcoin some sort of product we sell to big bankers
>actually listening to a bunch of chink shills on reddit it lightning wasn't ever going to work why are all the chinks scared shitless about losing their centralized grasp on bitcoin?
same could be said the other way around, if BCH wasn't a threat then why are there so much censorship and slander? would just be a matter of ignoring it (like for example 0xBitcoin, it's just ignored by BTC because it's not a threat)
can somebody explain to me why the FUCK do we need ANY of that shit when we have SUPERIOR PHYSICAL CASH that I can just hand over to another person??? seriously wtf is wrong with you nerds
Jason Peterson
Why didn't I think of this.....
Adam Cooper
Quality video.
Charles Stewart
Nobody is afraid of LN.
Brandon Rodriguez
Kek
Jaxson Hernandez
Top quality b8
Nicholas Thomas
I can smell the amount of cope in this thread from Jow Forums.
I thought that image was spot the legitimate item from amongst the phonies.
Seems like a pretty good conclusion considering it has been posted in every single Bitcoin (BCH) thread ever made on Jow Forums
Sebastian Garcia
no, all it tells me is that you cover your ears and shout la la la and can't counter anything negative said about lightning network. so you just post a meme image and think to yourself that you've helped change people's minds.
Because banks are getting more cocky everyday and I hate fucking waiting on weekends for money to transfer if you are not in the same bank seriously fuck those guys
I really wish mining had developed in Korea, Japan or Russia instead of China. The amount of airtime that stupid "fucking chink coin" narrative gets from brainless fuckheads is really annoying. It was never going to be a burger thing, industrial mining requires factory and other capacities first world western countries outsourced years ago. But it doesn't actually mean shit, because chinks, ruskies, nips, aussies, burgers, whatever, they're all rational actors if they're intelligent enough to produce global significant pow therefore they're all bound by the game theory of nakamoto consensus.
could be a thousand people, doesn't change the fact that Lightning Network is a terrible idea and it doesn't even work well
friend
this also doesn't change that LN is a terrible idea. all that bitcoin needed was 2 MB blocks and lightning network could have been developed another much needed 5 years but nope.
>why is ANYONE hyped about it? No one is hyped about LN except BTC maximalists who can't comprehend another crypto dominating the digital cash market.
Xavier Jackson
BTCoreCuck since 2010-2011 and this tears it, core is dead to me. Even missed the alt train after the seeing the DAO hack, swapping everything into ETH permanently with a little BCH as insurance
wrong, blockstream spammed the mempool (while popping bottles of champagne no less) to literally bribe the miners into keeping their segwit fork alive. they know at any time jihan can freeze their chain.
Charles Robinson
Dumb fucks. Maybe if bitcoin cASShers actually used the coin it would do something. No one uses Bcash just a bunch of random shills. You don't even know how lightning works.
>>Wallet needs to be online in order to receive off-chain funds.
That is a fucking disaster, holy shit I didn't know this Lightning Network thing was this bad. This means you're limited purely to shitty online wallets. Sending money will also be a nightmare too, its even worse than I can describe.
This was the only thing that could have made Bitcoin actually functional and its already failed, Jesus Christ.
Julian Butler
Yeah user such a disaster. You should forget about btc. Put all your money in bcash.
Gee willikers I sure do love banks stealing my hard earned cash with 10 years of negative rates.
Julian Carter
>friend okay, friend. you deliberately try to dupe people into thinking your OP green text is from the LN dev team when it's actually from some random Android Wallet.
Lightning Network is probably the most ugly and retarded thing the fintech sector ever witnessed.
Owen Myers
The increased size is to impress upon businesses that BCH will be ready to scale for their needs. The excess capacity is there ready and waiting to be used for their business needs.
You're a fucking retard. Blocks should never be full. Hopefully the blocksize will be increased again in November's upgrade.
Dominic Gonzalez
Well made video. Gets the point across in a simple way, no previous knowledge required.
Christian Bennett
mfw cashies were right
Jason Williams
>0 confirmation >unlimited blocksize >controlled by literally two people ( Craig "I am Satamoto :DDDD" is just a figurehead ) >shitcoin >supported by all banks and jews >facilitate opening of national borders BITCOIN CORE IS A SCAM, ONLY BITCOIN MATTERS.
