WHY BANKS LOVE THE LIGHTNING NETWORK AND WHY YOU SHOULD BE VERY CONCERN ABOUT YOUR BITCOIN.

in bitcoin •  10 months ago

In life, every time one road closes there is always an Alternative route towards our destination.
There's got to be a reason why coins and tokens other than Bitcoin are called ALT-COINS (Alternative Coins).
I admit that it is sad and painful just to imagine how banks and other financial institutions are slowly destroying the almost Divina gift to mankind; Bitcoin that is, by implementing changes on the Bitcoin-Code (Segwit) and trying to making it fit n into the Corrupt and Traditional Banking-Payment System (Lightning Network), that has only allocated wealth or fortune for the very few families around the world that own them.


This doesn't look good at all for Bitcoin or the holders that own small amounts of Bitcoin.
It seems that the road to Bitcoin is getting narrowed and will soon close the road to wealth. Not many of us realize the alternative route that ALT-COINS are offering and still chose to ignore the almost inevitable collapse of Bitcoin as an Unexpensive-Peer to Peer Digital Cash Payment System and just to become another type of Digital Credit coin that will help collect fees for the rich and powerful and will cause the loss of Bitcoin to the small Bitcoin investors.
It seems that the adoption of Bitcoin in the high realms of the investment firms came with a price that the stubborn and greedy will have to pay for it at a high cost.
It is not too late. THINK OUTSIDE BITCOIN. There are another 1469 other types of cryptocurrencies to invest in and the majority of them are far more advanced than Bitcoin when it comes to the application of the latest technology.
Do not get blinded by the imaginary shiny golden color of Bitcoin. Even in the age of digitalization, NOT EVERYTHING THAT SHINES IS GOLD.
Invest wisely, my friends!
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True.
Resteemed

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Thank you very much

I only recently started caring and learning about cryptocurrency and it was only because of steemit. I really think that Bitcoin fees are already way too high and everything is incredibly slow. There are already many options that are much better. I think it's inevitable that given enough time, something superior will take over.

Thanks for this information....
Upvote and resteem done.....

Good information, up vote and reesteem this post.

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Thank you very much

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Welcome:))

Great video and excellent points in it. I fully agree and this is the exact reason Bitcoin is a slow motion train wreck where the workarounds will just take us back to the old system in a slightly different way rather than the fully disintermediated peer-to-peer systems that we need for the future.

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remarkable innovation. I really like this post.

Bitcoin is best for mankind...no one can stop bitcoin

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The good thing is that it is not physical so it will take them time and bitcoin is better than that because it can be exchange to any currancy in any country quickly with no bulk

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It seems that banks are actually able to stop the now bootlegged version of Bitcoin or Segwit-Coin as many of us technical people call it.
As I said, it is sad and painful to accept it :(

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Right brother

yeach, totally @melip

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Thanks

Bitcoin Holds this dominance for the only reason that Internet, the Media and your entire entourage heard and talks more about BITCOIN itself rather than the entire Crypto-Currency Market. Those people are not aware of how big this Market is, and don't understand how the next Amazon, Youtube, Businesses are being built on this same decentralised Market.
PS: I'm pretty sure half the people investing in BTC (btc only) don't even know how it works, or what decentralizing a currency means. Asking them to get into Exchange Platforms, Alt-coins, ICOs is probably too far ahead. All of us took time to get it, and not everyone thinks this is time worth investing into "concepts".

i don't play with bitcoin but it plays important role in cashing out, no matter you try to avoid bitcoin, it always play along as it is the most coin paired to other altcoins

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There you go, it came down to be just a tool. BTW, you know you can cash out the same with Ethereum, Litecoin and Bitcoi Cash right?

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currently, Only bitcoin is available in philippines to cash in and out fiat to crypto.

Good post @melip, thank for information.

true enough, not everything is bitcoin
but on the other hand, a lot of it is bitcoin
so just be on the safe side, keep some BTC and get some top 50 coins you like and then for extra risk throw some smaller amounts in ICOs (that you have researched)
at least, that is how i am doing it

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I'll keep it in mind. Thanks man!

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here is another working product on a blockchain where one can earn some free crypto
and its fun to play around with

https://steemit.com/sola/@photolander/sola-make-money-sharing-pictures-already-working-now

impressive information man.Thanks for share.

Banks are trying to make their money from BTC, we have to try making our money from other crypto before they try to attack that too!

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You got it right!