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RE: BITCOIN: States Strikes Back!
The lightning network is being developed to adopt paper scams to the world of cryptocurrency. Segwit is the first stopover. No one will be able to pay the Bitcoin network fees but banks. Luckily there are coins like BitcoinCash which will happily compete.
I'm afraid you got it vice-versa, @bitsignal. Do not listen to Roger Ver. Listen to Andreas Antonopoulos.
I don't listen to Roger Ver nor Andreas Antonopoulos. Everyone can think with their own head. There is no need to believe someone just because other people give them authority.
Yes, but when you say “The lightning network is being developed to adopt paper scams to the world of cryptocurrency. Segwit is the first stopover”, that means you didn't read anything about the technology, and without knowing the technology you can't think with your own head, but only transfer someone else's opinion.
The lightning network needs centralized lightning hubs. Only 3rd party potent financial institutions are able to maintain those large hubs because they require massive amounts of liquidity to keep the channels open.
@bitsignal, you have misunderstood something big way. What centralized hubs? The system is still open! You can be a hub if you have a knowledge and a certain amount of bitcoins as a stake. And you do not have to ask anybody for a permission.
Lightning Network is like a putting PoS layer over the bitcoin's PoW using smart contracts. It's a further decentralization with another beautiful bonus — full anonimity!
Check your source. Someone is lying to you.