The company that saved Bitcoin

>Pajeet id
>shilling for bcash
lol

was going to post this, good video

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>Lightning node goes offline
>can't receive funds
>Call up watchtower service to see if anything's wrong
>Didn't pay my BlockTower bill this month so BlockGuard is offline
>See someone trying to broadcast my channel in an old state
>call the BlockBank to see if anything can be done
>Tells me I can't legally close my account for another 5 days

OH NO NO NO NO

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You dont pay a watchtower bill they compete independantly to collect fees.
Any other questions?

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>solution to a problem that doesnt need to exist
>takes incentives away from miners who actually secure the network in the first place
>won't be incentive to mine bitcoin anymore, network fails

Also LN doesnt even fucking work and even if it did it's so fucking insecure applying it for real world commerce and storage is suicide tier. LNcoins are literally impossible to cold store, hope you fags enjoy getting mt. Goxxed every time a node is DDOS'd.

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>LNcoins are literally impossible to cold store
wtf. m8 get some sleep.

Shorting is the only way to make money in Crypto now. Shorting literally is the new paradigm of crypto. I’m going to spread this on Twitter, Facebook, YouTube everything everywhere. Everywhere and everyone, Short short short short short short!!!!! Short to -$0 !!! Until not even 1 penny is left and then the BTC ceo will owe me money :) Did you not hear that everyone is shorting now? Omg like shorting is brilliant! BTC will ofc go down forever. You didn’t think that it would stop going down did you? Didn’t you hear? $5k by end of minute, $4k by end of hour, $1k end of day, and triple digits back to sub $100 end of week!! Shorting is the best way to success!! I’m writing a book on shorting. Shorters, bears and bitmex foreverrrrrr and everrrrre!!!

>he thinks he can cold store his coins on LN

oh no no no

HAHAHAHAHA

>

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So does this mean new liquid coins?

Pair of fucking retards posting nonsense word salad as usual.
Enjoy getting dumped on by ver and his chink buddies.

How does blockstream cum taste, corecuck?

Please tell me how to cold store LNcoins, I'll wait.

>Receiving Lightning funds

>In order to receive Lightning payments, some conditions must be met:

>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.

ROFL.

If after reading this you still think LN works you are stupid beyond belief.

What an absolute fucking trian wreck.

HOW CAN THEY RUIN BITCOIN IN THIS WAY?
WHY IS THIS ALLOWED?

Oh no no no, it’s you who are stupid. Normies will love every part of using the Lightning Network from setting up their Raspberry Pi, getting scammed due to a poor knowledge of payment mechanics and reserving 2% on each opened channel.

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What the fuck are you talking about?
Lightning uses bitcoin you dumb fuck not lightning coin or whatever shit lmao

>put your btc in a lighting channel
>spend it like iou's (oldest jew trick in the book, no really)
And you now cold store your LNcoin how?

Only after you buy your Liquid™ node.

There is no "LNcoin". Lightning uses bitcoin.
I know it sounds complicated but smart people will figure it out for you, all you'll have to worry about is where to buy tendies from.

> spend to get paid
no thanks

This pajeet is getting desperate.

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>receive iou on LN
>cold store payments directly to where

Still waiting for an answer.

Nonsensical questions don't have answers.

Makes perfect sense and is one of most attractive points of bitcoin. I can receive payments directly to a cold address on bch. Blocklets using LN cant. Enjoy your shit security. Actually dont, because LN doesnt even work anyway.

post your face when Shorting is the only way to make money in Crypto now. Shorting literally is the new paradigm of crypto. I’m going to spread this on Twitter, Facebook, YouTube everything everywhere.

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LETS GO SIRS

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Someone fill me in:
what is the point of decred if they're still going to rely on LN for scaling? are they fucking retarded?

>independantly

Yes I have a question, if you can't spell simple words why shouldn't I assume your comprehension is just as poor?

Honestly champ I think you're not smart enough to realise you're confused by corporate propaganda, you shouldn't be listening to people in Jow Forumsbitcoin, they aren't there to help you.

what is decred? this is the first time ive heard it

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Wrong you uneducated mongoloid, LN uses IOU's, it most definitely does not use Bitcoins.

I think all it offers is a different take on consensus. It also might incorporate DAGs, I could be wrong. However if it does use DAGs at all it's basically trash.