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RE: Rep 72 today ๐ Are we part of a decentralised revolution or a banking system trap?
What about once the Lightening Network is running at full capacity?
If you can predict when, then you are on to something
I predict next year ;)
I don't think lightning is a a cure-all though it is an improvement. It allows for almost instant transactions but there are still a few caveats. I still don't think it would be sufficient to replace the financial apparatus we have today. Plus there's the fact that it's potentially much more dangerous to have all your money locked up in bitcoin, particularly if you aren't technically savvy enough to keep track of your keys, keep them safe and backed up, etc. I'm not saying it won't get there, but I don't see it happening in the near future. I suppose banks could take care off all that for you somehow... There's going to be a huge resistance to a completely cashless society though, at least in some places.
Thanks for the clarification on the lightning network.
One thing I will say is that 'they' have had a long time to figure this all out and if they were able to trigger enough external factors all at the same time I believe it could be done, but they would have to be some pretty mega external factors.
Alien invasion mega ;)