RE: Lightning Network FLAWED: A Logical Analysis
Firstly you are a moron. Secondly you don't have r/btc moderation to protect you from me here. Third your argument is devoid of economic theory. Fourth it holds a tacit assumption:
For Bitcoin to succeed, the benefits of using it to buy a cup of coffee need to outweigh those of using status-quo payments, like cash or credit.
That is not a founded economic argument and I wager you don't even realize what i mean by that.
Here is the logical counter argument, and no you didn't list it in your small blocker points, because you are unaware that it exists. You are unaware of the truth because r/btc mods have censored it.
Thank you for letting the posters there see this:
https://medium.com/@rextar4444/bitcoins-most-valuable-usecase-7f5c6e95be22
Bitcoin as a coffee money serves no valuable purpose and EVERY ACTIVE DEVELOPER AND EXPERT has said you will break it if you get your big blocker way.
Lastly, I have shown the most valueable usecase for the world is for bitcoin to arise as a high value settlement system. My argument is founded, tied to ACCEPTED economic theory.
You sir, are a moron. An idiot.
No need to resort to personal insults. You could very well promote your point of view without the opening and ending paragraphs.
They are facts not insults.
My point of view to use founded science not rhetoric.
Yea, no.
Not every active developer supports this - that's a mad statement.
Clearly, you can't form arguments on your own - and are just regurgitating Core/BS arguments.
And because you obviously get offended easily - and are quick to anger and insults, I'll keep this rather short....
YOU'RE ADVOCATING FOR THE SAME THING! JUST A DIFFERENT MANNER.
You're not arguing that people shouldn't use BTC to buy coffee - you're arguing for people to use virtual bitcoin IOUs, in the form of a 'child transaction' on the LN to buy coffee, and then settle it on the BTC mainnet.
My article just points out the problems with such networks.
What you linked is a means and methods to achieve buying a cup of coffee. Claiming using the mainnet - alone - to buy coffee will 'break' bitcoin.
We all agree we want to buy coffee with BTC - we're just arguing over how to achieve that. How do you not see that?
So my statement stands - For Bitcoin to succeed - it needs to outperform status-quo methods of payments.
You have zero understanding of economics and you have a loudmouthed opinion. You have no education on the manner.
You are the very definition of a moron.
On the 'matter' - genius