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SAL
Bloomberg Technology
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Comments by "SAL" (@SAL-fs1mr) on "Bitcoin Investors Expect Supply Shock in 2020, StillMark's Killeen Says" video.
2nd layer technologies like the bitcoin lightning network enable small transactions to happen instantly and at practically no cost at all. For price stability, bitcoin needs to first become a much more robust system with price per bitcoin over $200,000.
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Bitcoin's lightning network is already working great.
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@slickrick5811 because altcoin shills keep spreading misinformation about "bitcoin transactions can't scale", but with the bitcoin lightning network, bitcoin can scale without much difficulty.
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Digital Gold (portible, divisible, uniform, scarce, longevity).
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Maybe, but how many people can run an EOS full node??? At least I can easily run a bitcoin lightning node.
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BTC going to zero is exactly what the central banks are hoping for 🤣🤣🤣
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The lightning network is working right now. I've been using it regularly for the past several months. Not vaporware at all.
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She's talking about how bitcoin scales, and thus, why it will continue to be king.
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@nithshan7623 well, the coding happens on GitHub (the code is completely open source and free), but the actual platform for upgrading is the users of the network choosing to run the code on their own computers.
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@MrArjan23 I've been using lightning network regularly for several months already, have you been living under a rock?? Set up a bitcoin lightning wallet (such as BlueWallet) and I can send you some bitcoin right now.
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Yea, because it's centralized.
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It's more technically correct to say that the blockchain with the most proof of work without violating the consensus rules is the true bitcoin.
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Nope, I'm definitely not running my lightning nodes with interledger.
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@Soloman3 dude, I've been using bitcoin's lightning network regularly for the last 8 months. If you think it doesn't work, then you are clearly in denial.
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If they do pay out, you are not going to be making any profit.
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Nah, that was the false narrative the mainstream media tried pushing several years back. Now people are waking up to the fact that Bitcoin is digital gold.
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@hiflyinlowlife right now, many people are speculating that bitcoin will become a decentralized alternative to central banks. People are using it right for the censorship resistant qualities of bitcoin - I know a guy who uses it to send money back to his home country of Iran because no other systems work due to government sanctions. People are also using it to escape hyperinflating currency - see what is happening in Venezuela.
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@hiflyinlowlife it wasn't used for anything when it was first created. Later on, people used it for online gambling and buying drugs, donating to WikiLeaks. Now people use newer crypto coins that have have better anonymity for drugs (bitcoin is tracable with some effort). Now people think it is potentially viable as a global alternative to the central banking system.
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@hiflyinlowlife I don't think there were any real reports of it being used for CP. But it was used for a little while for drugs, but it wasn't very good for that because the bitcoin transactions lead to drug dealers being caught. The media definitely oversells Bitcoin's role in facilitating the buying of drugs, cash is way better for that.
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Apollo now seems to be near an all time low price of 13 Satoshi. I wouldn't recommend touching it when bitcoin is doing better.
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Coinbase.com
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The users collectively can upgrade bitcoin through softforks upgrades.
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You should educate yourself: https://www.lopp.net/bitcoin-information.html
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Drugs are outlawed, but that doesn't stop people from using them everyday. Back in the day the government also outlawed holding gold, but my grandfather kept holding his gold and just kept quietly to himself.
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Lightning network is processing tons of bitcoin transactions right now.
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You are the misinformation. I've used it regularly for the last year. Lightning is working beautifully.
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