RE: A Personal Crypto Revelation and a Prediction
I completely agree with your assessment. Ever since I have become embroiled within the blocksize debate I have lost my faith in Bitcoin almost entirely. And thus I have found myself in extreme anxiety every time the coin seems to do anything.
Without faith then the rollercoaster ride gets ever more intense. This low may actually the low of all lows. And that next high doesnt make sense in light of the faulty technology that Bitcoin posses.
And on top of that, lightning network and Segwit are not necessarily good solutions once you begin looking into how they would actually function. While segwit is not bad in and of itself the lightning network raises a lot of extremely big questions.
How expensive will the nodes be to run? I cant help but imagine that a lightning network node will be at least a thousand dollars. The only places that will inevitably run them will be banks, corporations and local businesses. Not to mention the fact that you will also now be running all transactions through the lightning network hub which can then allow for control on who is allowed to use the hubs.
I don't carry BTC anymore. And I plan to avoid holding LTC the moment I can jump off to something I do want to hold. Possibly ETH but maybe something else.
Thank you kindly, @thecastle, both for your up-vote as well as for your in-depth comment. :c)
'The bigger they are, the harder they fall.'
This mantra has been upon my mind. While it has not really served me to make the wisest of trading decisions, it does help me to identify inflated coins as being 'higher risk'. And this while again noting that I acknowledge my crypto-rookie status.
Seguits, nodes, lightning networks and supernodes are all beyond my present level of comprehension, but I do concur that coins and tokens with better application cases will be better placed to prevail in the eventuality of a bitcoin deflation.
Since I'm new I've spread around a little. Ups and downs. Hoping for a non-bumpy ride. :cP
Thanks again for your feedback and analysis!