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RE: Ever tried Lighting Network and Blockassino Coffee ?
I keep telling people and all the Bitcoin Cash pushers that the devs, the LN, etc, are really going to solve all of these scaling and trx time problems, so just hold on and accumulate what you can now.
I certainly hope that the Lightning Network will solve all problems, but I do not believe it to be any magic bullet. What Bitcoin really needed was a modest block size increase already previous year plus lightning network.
What I'm seeing is that one part of the Bitcoin community has been very negative towards SegWit and Lightning, while another part of the Bitcoin community has been very negative towards bigger blocks - while in reality we need both Lightning and bigger blocks.
I believe core is going to actually do a big block increase when LN is up and running and is used on 60% of all transaction got it from some reddit posts of core updates.
there is no soft forking way about going for bigger blocks. bitcoin core doesn't like hardforking unless its a must.. im a bitcoin maxamalist and i believe if bitcoin cant make it none other can. im patient. we need a currency that will stand the test of time and be there for the people that need and depend on it, no unnecessary risks
The funny thing is that most of the "small-blockers" who said "hardforks shouldn't be done, as they can cause a harmful chain split" later were rallying in support for UASF, apparently ignoring the fact that any attempt on forcing through a contentious soft fork with less than 50% mining support most likely would cause a harmful chain split. I think that's rather dishonest. It seems to me that the "hard fork"-terminology has been invented just for the purpose of keeping the current capacity limit unchanged, rather than the hard fork cost being the real reason why the capacity cannot be raised.
I tend to believe that deliberately failing to meet market demand is by far the biggest risk to Bitcoin. By now Bitcoin is down to around 33% market dominance according to coinmarketcap, that's dramatic! Only once before has it ever dipped below 50%.
What we're seeing now is an uncontrolled inflation in the crypto space, as people rather hold altcoins than Bitcoin. It would be OK if there was one dominant worthy competitor to Bitcoin taking over ... but it isn't, people prefer to invest in the newest crypto currency project in the space, hoping it will grow from near zero to a lot.