“…ignorant persons continue to claim that the Lightning Network is fractional reserve and uses fake/IOU based “Lightning tokens.”
What do dandelions have to do with privacy? First, privacy in Bitcoin, in spite of what you may hear from the average journalist, is anything but assured. It is true that addresses can be created quickly under pseudonyms and there is no official “registration” or identity process to join the network. But due to the utterly open and transparent nature….
I will start this off by stating that even though the majority of the claims I’m addressing are, in fact, nonsense, this is not a puff piece for the lightning network. It definitely has a long way to go before being a fully realized network and, more importantly, an easily utilized product. It will take a lot more development from many teams, and innovative…
I did, for quite some time, fail to see the real scaling hurdle that faces Bitcoin. It was all about the blocksize and how many transactions we could get on-chain. Blocksize just jumps out at you, before anything else, as the obvious and most direct corollary to how much we can accomplish with the blockchain. So how could someone argue….
I want you to do something for me. Take a minute, and go to your favorite block explorer, and watch the transactions roll in. As I write this, Bitcoin is running with a little over 200,000 unconfirmed transactions. We have been told over and over that this is a requiem for Bitcoin. That high fees and….