uira Whatunga – The Good and The Bad, Explained by a Bitcoin Maximalish Programmer

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We have always been trying to understand the Lightning Network and the solution it provides. At the Bloconomic 2018 Conference in Malaysia,, we met with Ryan Milbourne who is not a Bitcoin Maximalist but a Maximalish, and the founder of Norsta who explained us simply about the lightning network and scalability solutions it offers for bitcoin and other cryptocurrencies.

He explains why the Lightning Network is so exciting and the limitations it has at the moment.

How you enjoy, do leave a comment in the discriotion of you want more info on the Lightning Network.

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uira Whatunga – The Good and The Bad, Explained by a Bitcoin Maximalish Programmer

31 kōrero

  1. Lightning network should be called moon network that would make it better

  2. DigiByte anticipated the scalability issues that would plague Bitcoin adoption, so DGB designed it’s blockchain to handle Visa/Mastercard levels of volume, all while keeping transactions on the blockchain. The problem with the Lightning Network is that it is an off-chain (meaning outside the blockchain) “solution”. This is no solution at all, for if off-chain solutions are okay, we might as well stick with Visa/Mastercard because they’re already digital and lightning quick. hoki, LN risks centralization because it’ll have centralized hubs. If you believe in the true spirit of crypto, you should reconsider the merits of Lightning Network. BTC is awesome, but I think it’s going to act more as a very lucrative store of value (koura). When it comes to day-to-day cheap transactions, DigiByte will dominate.

  3. Dgrb, similar to Satoshi’s wallet, had a very minuscule 0.05% pre-mine that was given in Jan 2014 as an incentive to developers. That’s nothing compared to the 100% pre-mined coin you’re referring to. Pre-mines are dangerous because it makes the initial developers rich. They print a bunch of coins and then hold several in their wallets until the coin pumps. The only DGB that Jared Tate (DGB creator) has, he has gained through mining, not through a premine. BIG DIFFERENCE.

  4. Ummm….did anyonre bother to watch the very END few seconds of the video….HmmmmSomething tells me that when a Bitcoin Maximalist says something like that, it should be considered aclue”…Just sayin’LTC is where it will be at

  5. Craig Candor that’s what happened you you pay for an operating system, it costs You,
    Now the software is open source for anyone in the space to use at the costs of EOS Investers, you’re welcome

  6. Hi, can some links be provided on how to learn, how to get involve in Lightning Network ? Thanks in advance..

  7. How do they track the amount of total quantifiable bitcoin on the lightning network? Seem to me to have a missing link here???

  8. Why does any of this instant transaction bull crap mean anything When coin base takes a 20$ fee when i put in 400$ me te 10$ fee when i wanna take it off coin base and another 20$ fee saying I didn’t lose any money trading to convert back to fiat???

  9. if off-chain solutions are okay, we might as well stick with Visa/MastercardOh boy, there’s so much wrong with this sentence

  10. jojo padlan https://actinium.org Check out Discord. Really interesting project being developed and looking to add developers. Cheaper to play around with than risking any bitcoin or litecoin

  11. Let Litecoin be the high scaling currency for the masses and let Bitcoin be the ultimate in security for large nation states to transfer payments.

  12. If the Lightning Network doesn’t track transactions, this invites the regulators in and so each node will have to follow KYC and AML laws, even though we all know who the drug dealers (CIA) are and the money launderers (HSBC). Why don’t we all just insist that this drug business be closed down so there is no longer $5 trillion annually to be laundered and then we can do OUR business while those in the CIA rot in prison?

  13. Craig Candor dgb shillers are reborn ripple fanboys after coinbase executed them. I guess their dream still lives of a coinbase listing.

  14. It’s not going to have any affect on the bitcoin market until people can receive lightning by just downloading an app and not having to have bitcoin or a lightning channel first.

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