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0 pointsballofrubber5y ago0 comments

> - Little to no transaction fee - Near instantaneous transaction time

That can be done with Bitcoin today. Download a lightning capable wallet in the appstore of your choice and post an invoice, I can instantaneously pay that to your wallet with near zero fees.

> stable value

That is basically what I was saying earlier, we don't know the correct price yet. However bitcoin is only volatile upwards (if your time horizon is > 2 years)

Bitcoin is the perfect settlement base for layers built on top. The Lightning Network uses Bitcoin for its trustlessness and payments are also denominated in bitcoin.

I know that I sound like the typical Bitcoin-shill, but I really think that this is the one of the most important projects of our lifetime. It is the first shot at seperating money from power. Some of us just need to accept that we missed the early train and didn't get rich (we all would have sold at $200 if we bought at $0.30), but accept it for what it is. The first and only trustless, permissionless and decentralized monetary network.

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carleverett5y ago

Yes I 100% agree Lightning Network solves a lot of the medium of exchange issues and in a really cool way too.

I don't see the volatility stopping though. And being volatile upwards might be good for the spender who's been saving that money long term, but probably not for the seller who needs to count on that revenue to cover its monthly expenses.

rohit895y ago

Can you point me to some blog/video that really lays out how all this is supposed to work. I don't necessarily mean the technical side but how a bitcoin world would look like.