Guys so is lightning network actually
happening sooner than we thoughts?
twitter.com
I just saw this demo of a lightning network iPhone App.
Isn’t this what the normies need for mainstream adoption? Something easy like Venmo? Are we finally gonna make it now?
Other urls found in this thread:
explorer.acinq.co
coindesk.com
twitter.com
Ligntning is going to blow your dicks off. Imagine NANO except people actually want to use it
Is it comming to ETH any time soon?
What about btc.
>sooner than we thoughts?
nope. only cashies expected a product that has been being tested and developed for over 3 years to fail. everyone else knew it was going to function. this proves that bcash was literally a distraction.
>b-but muh 32 MB blocks...
Red pill me on lightning user
Imagine a banking service.
That's it
A shitty banking service in fact.
>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.
You need to pay in order to use LN. It's less than horseshit.
The number 1 red pill is that no one ever shills Lightning because it isn't a shitcoin that can 10x, it's just an improvement to BTC.
BTC holders don't shill it because they're complacent fucks, and everyone else shits on it because it makes every other currency coin obsolete if it works. For this reason 90% of the stuff you read about it will be either partially incorrect or straight-up lies.
It enables instant transactions with extremely low fees and it is planned to have strong privacy between peers.
It is already a functioning beta network with 800 nodes explorer.acinq.co
There are some smaller coins planning to use it if you're not a BTC holders. Grostlecoin and a few others.
Idiots.
>i-it's an improvement
>dev says it can't scale
lmao. enjoy your banking hubs you colossal retard
It's trying to do what bch already does. Lightening meme kek
Yes .
Soon you will be able to see it as the meme it is
Bitcoin actually being used is bearish.
LIGHTNING NETWORK IS ABOSLUTE SHIT, A MEME, FALSE ADVERTISEMENT, ITS NOT EVEN CRYPTO ANYMORE ITS JUST A ChANNEL FOR FLIPPING BTC BACK AND FOURTH AND IT NEEDS TO BE PRELOADED, USELESS
Anyone who has actually messed with it finds it nifty. Those who know nothing about it or repeat some nonsensical talking points are all fuders.
You can only sell the LN rethoric to uneducated people.
>Pay to Use
LMAO
BTC not being used murdered BTC
>8 months ago
Behold 32mb at the speed of treacle
>there's been nearly 3,000 paid invoices running across the lightning network, for more than 8 million painted pixels,
coindesk.com
I heard monero and litecoin will be on the lightning network too?
CASHies detected
>pay to use
No comment needed on this one I think.
Litecoin already has a beta going, monero is very unlikely to ever use it. Stellar is committed but not sure what their timeline is.
I heard from fluffy that it will in fact happen
That web app proves 100% the fact that Lightning doesn't need miners to work. It sets a clear precedent that, if it gains traction, will trigger an insane miner exodus from Bitcoin sooner than we think.
lmao Bitcoin core is gonna get killed thanks to a stupid webapp.
You can't refute something that's true.
>Pay to Use
are you serious wtf
lol how is it going to settle on chain without miners? You dont know what youre talking about.
That would be cool. Where did you see that?
On their plebbit a few weeks back
Threads like these make me happy I'm in Palm Beach Confidetial. Most of you in here are incredibly naive. I know exactly what LN is, and cannot wait to see it actually in action. That's all I will say.
>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.
>‘room’ for incoming funds has to be made by spending some funds first.
Do you know how to read?
Theyre not naive, it's deliberate slide for the reasons I mentioned above.
The amount of FUD and hatered towards LN makes me think it's actually legit, most people on biz are balls deep in shitcoins and are too poor to make it with btc so naturally they'll talk shit about it.
but from what I know you will be able to still send btc onchain like we do today, so what's the problem? got a big payment to make and don't trust LN? just send it the old way and miners are still gonna mine just for the new coins, am I wrong?
the soothsayer and visionary has had another no stop loss vision
NO STOP LOSS
Been in PBC since Feb of 2016. Imagine how well I've done based on Teeka? I feel sorry for a lot of people in the crypto space as of late. Including you two homos.
i imagine your fees paid over 2.5 years have left chicken tikka very happy and head wobbling in ecstasy he continues to have his visions NO STOP LOSS
>You need to pay in order to use LN. It's less than horseshit.
you need to deposit to your bank account to use debit card at a convenience store. is that bullshit? you literally lock your money in at the bank. except if the bank refuses to release it back to you (saying it's gone) you can't do shit.
it is exactly like banking service you get a little bit more control. and a lot less privacy.
>Lightning doesn't need miners to work.
are you literally retarded? any dispute is settled on the blockchain which needs miners to work.
Wrong as usual. LN uses onion routing for fully anonymous transactions within the network.
It's a massive privacy upgrade on, for example, BCASH
stay deluded see if i care. middle men hurts privacy. always. they are in a better position to tie your payments in the real world to wallet addresses you own no matter how you look at it.
there won't be many layers to ln the routing problem will result in a simple 2 node 2 endpoint layout for the majority of transactions.
STELLAR XLM
LIGHTNING NETWORK
STELLAR XLM
LIGHTNING NETWORK
STELLAR XLM
LIGHTNING NETWORK
STELLAR XLM
LIGHTNING NETWORK
You dont have a fucking clue what youre talking about.
prove it.
that the number 3000 in this quote means 3000 on-chain settlements. on-chain settlements need miners.
Dude, routing doesn't even work right now outside of Tor, good luck getting anything to route WITH Tor
>In line with Bitcoin's spirit of decentralization and censorship resistance, we employ an onion routing scheme within the Lightning protocol to prevent the ability of participants on the network to easily censor payments, as the participants are not aware of the final destination of any given payment. Additionally, by encoding payment routes within a mix-net like packet, we are able to achieve the following security and privacy features:
Participants in a route don't know their exact position within the route
Participants within a route don't know the source of the payment, nor the ultimate destination of the payment
Participants within a route aren't away exactly how many other participants were involved in the payment route
Each new payment route is computationally indistinguishable from any other payment route
none of that actually works right now.
and most importantly it won't protect you from your entry node. face it most people will connect to a few gigantic nodes with their single payment channel. there are several reasons for this most importantly is the month to month living nature of most peoples finances. using many providers would only create difficulty in payments. so those nodes will see 90% of the transactions from end to end if they cooperate. and game over.
explorer.acinq.co
You should just stop posting and take your L.
nah.
Nothing has changed in the past 8 months corecuck. Oh besides bitcoin losing 40% of its Store of value