er
7 years ago in #crypto by bitcoinflood (79)
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Thanks for this post. Lightning will make Bitcoin great again and stay the nr. 1.
I don't mean to spoil the optimism around LN, but there is still the issue of LN hubs being considered money transmitters by regulators.
Ah wonderful regulators :)
I've been saying for a while now that second layer solutions are the way to go. Just like it happened with the internet running out of IPs and Network Address Translation, second layer will triumph. Coins like Bitcoin Cash that rely on on-chain scaling with big blocks will eventually become unwieldy and perish. Just imagine transmitting a 1 gigabyte + blocks over the chinese or venezuelan internet every ten minutes, not gonna happen. regards
Now let's just hope Lightning doesn't fail either on a Technical or Legal basis.
Even though it's an off chain solution, hopefully it can speed up on chain transactions by cutting back on the network load.
thanks for sharing this amazing post .
Upvote and resteem
Thank you for sharing this.
very interesting article!
You got a 7.69% upvote from @redlambo courtesy of @bitcoinflood! Make sure to use tag #redlambo to be considered for the curation post!
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Thanks for sharing i will done upvote I always see your post. And follow you
I was really sceptical on how they want to adress this issue! Thanks for sharing!
This post has received a 0.70 % upvote from @booster thanks to: @bitcoinflood.
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very nice
If everything continues as they expect, it will be an incredible network!
Brilliant post as always. Thank you for sharing it with us. Upvoted and have a lovely day
Agreed, we are just getting started. That's why we need to focus on the coins/crypto that have the teams that can adopt....as adoption takes place. I would add Charles and the team at Cardano [ADA] to the list.
....interesting