Credit: Don Wonton for the great Lightning Network Breakdown.
Check out more of his work:
Why was the Lightning Network Developed? How does it work? What is Bitcoin’s history and why have the fees risen so dramatically?
One of the goals that Satoshi Nakamoto the person, or persons, who wrote the code for Bitcoin back in 2009 wanted was for everyday use of bitcoin. This means that regular people, who are not necessarily coders, or even very tech savvy, would be able to use bitcoin to purchase small everyday items.
This explainer video shows you how certain ‘entities’ have strangled the bitcoin network and block size limit at 1mb. Creating a need for the bitcoin lightning network and off-chain solutions. The lightning network has been in development for a long time now and has some pretty restrictive qualities and flaws. This video goes through the bitcoin history and why and how the ‘original’ bitcoin BTC
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Roger is our top scammer 🙂
https://imgur.com/a/4kpeL5j
“Temporarily locked away” yeah, I have a problem with that. Andreas says, you always keep control of your keys! This lightning thing sounds like banking, obfuscated and out of your control. Way too many conditions to be met for the coin to move. This is nonsense!
Tesla cars are bad, their batteries cause fires in the streets when they crash after they are massively adopted.
See what I did there?
LN is only one of many options being pursued, its not like we would be transferring all out BTC off chain, it is for small amounts.
Can we all stop this infighting please? literally every bcash thing I see is just on the attack, way to thank the developers whose code you copy pasted.
All these guys should be respected, including the bcash team. You are doing well, but the constant attack stance is getting old. It just feels like a centrally held shitcoin promoted by people who always bend the truth and that is why I will never touch it.
If you guys want bcash to become big then you need to work on your PR.
An interesting article : http://bitcoinist.com/currency-10-bitcoin-cash-used-transactions-says-research/
Sounds like the people who got in too late to BTC and ETH are really jealous that they missed out, so they created scams like BCH and ETC that would be illegal if there was the same regulation that there is in the stock market. Better luck next time.
BCH > BTC; The majority of the people are fooled by the current prices. They are fooled because the technology of Bitcoin Cash at current state is faster, cheaper, and developers can do much more on top of Bitcoin Cash then on Bitcoin Core. Sentiment comes first, and after that the price of Bitcoin Cash will soar past Bitcoin Core.
How in the hell does this only have 1627 views!!!!!! WTFH! Outrageous. Should be 30 million!
These are all lies. Don't believe Roger and his fake marketing. Bcash will never be Bitcoin so don't be fooled by this farce website which is trying to steal the bitcoin name. Huge fail and it will never work.
Is this the official bcash channel?
Ok so I'm pretty much only using BCH. Sounds good.
lol stupid video
Hello guys , i have a problem in my countre blocked the site , and i can not bring from there my BTC , i have 2.2BTC , if some one wants to earn 0.2btc , add me and write to me
Coins in Lightning network are not IOUs. It's full equity, no debt!
nice and informative clip
Agreed it is an old video, but the problems it highlights are still current. The push for everyone to run a full Bitcoin-core (this is what the bitcoin software is called) node to "secure" the network is conflating the issues of network security and "decentralisation" with the disingenuous purpose of getting people used to the idea of operating nodes – a requirement of running a LN node.
This is not and has never been a requirement for on-chain scaling or instant (0-conf) transactions on bitcoin.
Also from a technical POV, non-mining nodes don't secure anything, they can't accept or reject a transaction, their only possible benefit to their operator is to observe that a specific transaction took place by displaying confirmations. A real world use case for running a non-mining node is a POS network validating transactions on behalf of merchants so they know the customer has paid for goods or services.
LN also introduces custodial risk, not present with on-chain transactions.
Bcash lol
Scam by bitcoin cash
bcash still trying to manipulate… as usual… sick and disgusting… for those who do not know… bitcoin.com is bitcoin cash…
Old video but still accurate. Even LTC fees are 20x higher than BCH fees. This means BTC core can never be a world currency because people earning 2$ per day will not be able to even open a LN channel.
The best video
Awsome video
✌👍👍👍
https://youtu.be/iguTGBc2L6A
BTC LIGHTENING STORES.
the fees of btc are low at the moment because nobody using btc at the moment (look at how few transactions are processed). wait until the next giant price move comes like in dec or jan, then fees will explode again and people will finally realize, that bch is the better bitcoin