RE: Using Bitcoin Lightning Network - Programmer explains by olsm

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Viewing a response to: @ivanli/using-bitcoin-lightning-network-programmer-explains

bitcoin · @olsm · Feb 16 '18

$2.75

Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.

👍 olsm, budokan, foxdal, eart, braindizzle, duglet, ncrazed, androidmaster, leather-videos, creaperlost, raistlin908, realjohnaziz

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@androidmaster · Feb 16 '18 (edited)

Recently i've read an article regarding this that some major bit coin holder transffered his all coins into BCH and said that BCH is future. Now your comment is also proving it true.

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@bitcointip · Feb 16 '18

https://steemitimages.com/0x0/https://memegenerator.net/img/instances/500x/58431576/give-that-man-an-upvote.jpg

👍 kalibu

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@kalibu · Feb 17 '18

done

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@dandays · Feb 16 '18

BitPay added BCH about a month ago. 🤔 Seems it remains about 80% less than Bitcoin.

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@olsm · Feb 16 '18 (edited)

No, they did not add Bitcoin Cash. I am speaking about BitPay for merchants obviously, not the wallet. The main thing that made cryptocurrencies popular and the Bitcoin have the price it has today, is the market effect and positive reinforcement loop of merchant adoption and users.

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@dandays · Feb 17 '18

Shows how cool I am I guess, BitPay is just a wallet to me. I’d never toss my btc, more power to you, I’m comfortable with both.

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2 replies

@matrixxx · Feb 18 '18

Lightning Network is only for **MICROPAYMENTS**, not for big. It can be decentralized, if would be for bigger payments.

👍 matrixxx

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@ssjsasha · Feb 16 '18

$0.32

Sir...You are clearly misunderstand lightning network....
If you care about bitcoin you should watch this video in full and educate yourself my friend 

The video is called Bitcoin Q&A: Misconceptions about Lightning Network
https://www.youtube.com/watch?v=c4TjfaLgzj4

👍 zoidsoft, ztankoz

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@cryptosucht · Feb 18 '18

Free coins???? here https://indx.co.in/register?ref=85348503

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@olsm · Feb 16 '18

$0.48

I have good skills in both programming and economics, which makes me a wealthy guy. I am also a merchant, a user and a trader of cryptocurrencies. You can chose to beleive me or not, but I never say something with certainty without being certain.

Now, Andreas Antonopolous is one person I was very proud of in the past, and he also had the same views as me. Recently he has changed his opinion on many things and teach people the opposite of what he did before. For me he looks like he has been bought. Now, it is also relevant to mention he did not have much investment in this wonderful bitcoin that he so deeply beleive in.

If you want to educate yourself, this is a video I recommend to common people:
https://www.youtube.com/watch?v=UYHFrf5ci_g

👍 olsm, budokan, tangerinetravels, cryptiver, eart, klutch, eddy0204, realjohnaziz, lucidliving

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@lucky007 · Feb 18 '18

what lightning ....blockchain coughing when trnasaction inreased....bitcoin fees shoots up too......is it lightning

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@matrixxx · Feb 18 '18

It's a lie!

👍 matrixxx

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@ssjsasha · Feb 16 '18

Ok, well you should listen to his video he is pretty open about everything and can teach you some things.

Ill listen to your clip

👍 braindizzle

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@zoidsoft · Feb 17 '18

I haven't detected any KYC code at LN hubs.

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@xsid · Feb 18 '18 (edited)

Have a look at this article. It features some videos that dispel some fears around LN: 
https://steemit.com/bitcoin/@xsid/the-lightning-network-is-real-and-it-s-almost-ready

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@zoidsoft · Feb 17 '18

So far I haven't seen any KYC code in LN.  Please [let me know if you find any](https://steemit.com/bitcoin/@zoidsoft/bitcoin-conspiracy-theories-how-authority-wins-by-working-on-your-prejudices)

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