I think LND is a good solution, when it gets implemented in the wallets it will be easy, really cheap and instant. I think ETH is only rising now because they NOT get competition of Ripple on Coinbase, so money is flowing back. ETH has many problems and I don't see any fundamentals behind the rise in price. Last week people were talking about Ripple and see what is happening now........... Finally the good tech will receive the value and that is still BTC
LN is insanely complex and it wont really even be useful for most situations. It also centralizes the coin greatly. It would be ..... OH FUCK SOUTH KOREA JUST BANNED CRYPTO!!!!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Anyway back to the conversation at hand. Not that it matters anymore because crypto is crashing as I type my fucking response. What were we talking about I dont remember..
LN is complex, but the UI in wallets will make it very easy. All you have to do is top up your wallet (= making the transaction to open payment channel that is to one node, but also all the nodes this node is connected to) and set the destination address. Your wallet will find the shortest route and tell you wat the fee will be (close to zero). Click send and done, not much different that a normal transaction. And centralization is bullshit FUD from Roger and his friends. Every node have to forward the payment without knowing who the original sender or final receiver is and if he doesn't it will be directed to the blockchain and cost him money.
LN is complex, but the UI in wallets will make it very easy.
Honestly its a UX design nightmare. You would be objectively better off just using Ripple. You have the same problems with centralization. The loss of control of your coins if the IRS/FBI decides to freeze your assets.
You have to pay a hefty fee to connect to a channel. And if you want to disconnect from that channel you have to pay a fee again. Each channel is required to have a large sum of BTC locked away in it. If you try to do business with someone not on your channel it will cost a lot of money to connect to that channel.
crypto is already a pain in the butt, now its just adding even more crap on top of it. I cannot imagine any user interface, no matter how well designed. fixing this ... ever
Pretty sure ETH is going to dominate the market in the coming months anyway. The LN is not saving bitcoin, its simply not a good solution.
I think LND is a good solution, when it gets implemented in the wallets it will be easy, really cheap and instant. I think ETH is only rising now because they NOT get competition of Ripple on Coinbase, so money is flowing back. ETH has many problems and I don't see any fundamentals behind the rise in price. Last week people were talking about Ripple and see what is happening now........... Finally the good tech will receive the value and that is still BTC
LN is insanely complex and it wont really even be useful for most situations. It also centralizes the coin greatly. It would be ..... OH FUCK SOUTH KOREA JUST BANNED CRYPTO!!!!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Anyway back to the conversation at hand. Not that it matters anymore because crypto is crashing as I type my fucking response. What were we talking about I dont remember..
LN is complex, but the UI in wallets will make it very easy. All you have to do is top up your wallet (= making the transaction to open payment channel that is to one node, but also all the nodes this node is connected to) and set the destination address. Your wallet will find the shortest route and tell you wat the fee will be (close to zero). Click send and done, not much different that a normal transaction. And centralization is bullshit FUD from Roger and his friends. Every node have to forward the payment without knowing who the original sender or final receiver is and if he doesn't it will be directed to the blockchain and cost him money.
Honestly its a UX design nightmare. You would be objectively better off just using Ripple. You have the same problems with centralization. The loss of control of your coins if the IRS/FBI decides to freeze your assets.
You have to pay a hefty fee to connect to a channel. And if you want to disconnect from that channel you have to pay a fee again. Each channel is required to have a large sum of BTC locked away in it. If you try to do business with someone not on your channel it will cost a lot of money to connect to that channel.
crypto is already a pain in the butt, now its just adding even more crap on top of it. I cannot imagine any user interface, no matter how well designed. fixing this ... ever
Explain how the IRS or FBI will freeze the assets please