[amasad]

I want to congratulate the creator Sergio for building on Bitcoin. Whereas others would create an altcoin, ICO, make a ton of claims and then... nothing comes out of it.

The reason "crypto" (it's really just Bitcoin) stagnated is because nobody was building on existing solid infrastructure. Now with LN leading the way we're going to see mainstream applications being built on BTC.

Bravo Sergio for leading the way :clap:

[fabiandesimone]

I'm not trying to create controversy but:

"The reason "crypto" (it's really just Bitcoin) stagnated is because nobody was building on existing solid infrastructure."

So you know this for a FACT?

Looks like Crypto is not stagnated by any means (price might be suppressed) if you look at the news, it seems crypto as a whole is moving forward at an accelerated pace.

[amasad]

It's all fluff and nothing of substance. Add to that all the 51% attacks. Ethereuem World Computer couldn't handle some kitties.

Come on. Bitcoin is here. Bitcoin works. Bitcoin is battle tested.

Obviously anyone choosing to altcoin is doing it as a quick-get-rich scheme and not actually trying to build something useful.

[Cthulhu_]

Bitcoin is not suitable for actual transactions though, with its low transaction rate.

[0xferruccio]

LN is a good solution imo. Bitcoin transactions only happen when opening and closing a channel (which is kind of like moving money from a savings account to a prepaid card) after that you can do as many payments as you want. Eventually I guess Bitcoin will move to having larger blocks, but that largely depends on the world getting faster connections for node syncing and hard disks price going down (to store the actual blockchain)

[amasad]

Hence Lightning Network. If you look at the history of innovation you'll find that it's all layered. The internet is a prime example of layering. Why should we expect Bitcoin to be any different?