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RE: BitShares price to surge to a reportedly whopping $100.00 USD by Christmas! (2017) - BitShares ousts Bitcoin in Hong Kong and elsewhere as US and Australian Government Regulators move in
Hi John, just read that Bitcoin are about to activate their Lightning Network over the next 2 weeks:
- Trustless instant nearly zero-fee transactions
- Scales to billions of users
- Thousands of new apps
How do you see this affecting Bitshares?
Hi @sfletcher62372 correct me if I'm wrong but isn't the Lightning Network going to make Bitcoin more centralized?
Don't get me wrong, I appreciate your comment and I welcome free speech. You're thoughts are welcome here.
ping to @johnsmith
I'm not too sure - I'm still reading into it. I've seen that EtherBTC is also being launched (Bitcoin on the Ethereum network). I'm interested to know what the tps is for Bitcoin on the Lightning Network.
Those claims are nonsense. They are adding more trust, not less.
Too little, too late imo.
So what they're saying is false? I'm not invested in Bitcoin currently as I personally feel there are better opportunities elsewhere. However when I saw that about the Lightning Network it made me wonder if there was a need for @stan FastBitcoin anymore?
Well, yes, I'd say their claims are mostly false. SegWit introduces off chain transactions. The whole point of on-chain transactions was to eliminate trust via hash power consensus.
That goes away on Segwit transactions, which basically makes Bitcoin Core Litecoin.