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Replying to @realLudvigArt @ProfFaustus
noted. but for me
#Bitcoin$BTC “wins” when#LightningNetwork gets the mass adoption by users, businesses, exchanges, and hits that Metcalfe Law sweet spot. there will also be multiple winners in the crypto space that focus on developers and other use cases.#cryptoassets1 reply 0 retweets 2 likes -
Replying to @realLudvigArt @ProfFaustus
maybe. i’m all for
#LightningNetwork making#Bitcoin great again. but competion and innovation in the crypto space is fast and furious. it’ll boil down to what protocol can attract the most apps & devs while gaining network effect. so i’m not putting all my eggs in one basket
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Replying to @c4chaos @ProfFaustus
#Bitcoin was always great ;). I don't think any other#blockchain will ever come nearly as close.1 reply 0 retweets 0 likes -
Replying to @realLudvigArt @ProfFaustus
for me
#Bitcoin stopped being great when i can’t move my low balance BTC address because the fees are higher than the balance. but hey, maybe with#LightningNetwork i can move those BTC again
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Replying to @c4chaos @ProfFaustus
Yep, that's sadly a byproduct of what happens when moronic marketing people sell dreams to others without understanding limitations and implications of the underlying technology. It's not so much bitcoin no longer being great, it's more to do with properly scaling the technology.
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Replying to @realLudvigArt @ProfFaustus
there’s nothing moronic about leaving small balances of BTC in addresses that I’ve used in 2013 when Bitcoin used to work with small balances. heck i even sent small amounts of Bitcoin to friends as a gift for Christmas to demonstrate how awesome it was. can’t do that now.
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Replying to @c4chaos @ProfFaustus
Yes, because our blocks were empty back in 2013. You can still do that with just about any other coin. You can't in
#Bitcoin now, because bitcoin is too big and we're hitting scaling limitations of blockchains. Blockchains are absolutely shitty platforms to transmit data on.1 reply 0 retweets 1 like -
That's exactly what I try to show in my article, why blockchains suck for transferring data and why unicast transactions on lightning and other L2 layers are the *correct* way to scale. Blockchains are only good at creating digital assets and providing immutable/underlying proof
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maybe layer 2 is the correct way to scale Bitcoin. but other protocols have different consensus mechanism that scale vastly greater than Bitcoin. i.e. Steemit, BitShares, and soon $EOS. @bytemaster7 has proven that DPoS works at scale better than PoW. so bring on the competition!
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