[spookthesunset]

> The lightning network IS Bitcoin, just as using HTTP over TCP is using TCP.

So its got a decentralized, distributed public ledger recording every transaction made? Since when did that happen?

> It's the only way to survive economically in repressive states.

LOL. No. You use USD.... No citizens in economically repressive states are gonna flip to bitcoin. Not when it gets 4 transactions per second tops. Not when you have to purchase your currency from early adopters in order to participate. Not when you can lose your entire savings by simply exposing your computer to the internet.

Sorry man. You fell for a scam.

[VMG]

> So its got a decentralized, distributed public ledger recording every transaction made? Since when did that happen?

No, that's not how it works. Participants can go on-chain with their transactions only if needed.

> LOL. No. You use USD.... No citizens in economically repressive states are gonna flip to bitcoin

Repressive states make it difficult to get USD.

https://www.economist.com/the-economist-explains/2018/04/03/...

> Not when it gets 4 transactions per second tops.

Again, read up on second-layer scaling.

> Not when you have to purchase your currency from early adopters in order to participate.

Why would that be a problem? Also you can mine it yourself.

> Not when you can lose your entire savings by simply exposing your computer to the internet.

There are may solutions for storing your deposits securely, hardware wallets being one.

> Sorry man. You fell for a scam.

Everybody who tells me that knows very little about Bitcoin

[spookthesunset]

> Again, read up on second-layer scaling.

As in "not using the blockchain" otherwise known as "not using bitcoin".

Lightning Network wouldn't even need to exist if Bitcoin was actually good at what it did.

Speaking of, when will I be able to use LN to purchase a cup of coffee from Starbucks?

> Also you can mine it yourself.

Yes. By "mine it yourself" you mean "burn more money on electric and hardware than the value of the bitcoin mined"? Cause last I checked the days of individuals being able to profitably mine bitcoin at home are long gone.

> There are may solutions for storing your deposits securely, hardware wallets being one.

So in addition to buying their Bitcoin from early adopters, these poor repressed people will also need to purchase an expensive (for them) hardware wallet and then learn to use it? What if that hardware wallet gets lost or stolen? What if they forget the key? What if the owner passes on and the children need to access the wealth? How does inheritance work?

> Everybody who tells me that knows very little about Bitcoin

Bitcoin users are an intersection of people who don't understand finance, economics, politics, computer science, monetary policy, legislation, regulation, socioeconomics, math, or seemingly life itself.... It's borderline willful ignorance.

[VMG]

> As in "not using the blockchain" otherwise known as "not using bitcoin".

You don't understand Bitcoin

> Cause last I checked the days of individuals being able to profitably mine bitcoin at home are long gone.

You don't understand Bitcoin https://powercompare.co.uk/bitcoin-electricity-cost/

> What if that hardware wallet gets lost or stolen? What if they forget the key?

You don't understand Bitcoin or the concept of backups