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by CyberDildonics 1371 days ago
That's not growth, bitcoin's throughput is still less than a 56k modem from 25 years ago.

Being able to send and receive from anyone is growth, lightning isn't on the bitcoin chain until it gets synchronized.

If I give you a bitcoin address, you can't send anything to me with the lightning network.

It's unnecessary nonsense because bitcoin is pointlessly crippled. Every other cryptocurrency has plenty of throughput and can be used decentralized.
1 comments
frankenst1 1370 days ago
> lightning isn't on the bitcoin chain until it gets synchronized.

That is literally the purpose of building second layers. We don't need to keep on-chain records of every microtransaction and coffee purchase in an immutable, ever-growing blockchain synchronized across thousands of nodes across the globe.

> If I give you a bitcoin address, you can't send anything to me with the lightning network.

Sure I can. It is called a submarine swap.

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CyberDildonics 1370 days ago
> Sure I can. It is called a submarine swap.

You can call it whatever you want, someone still has to sync with the main chain, where all the utility is. You can get together with your friend and give each other IOUs all day every day, it doesn't somehow change the fact that bitcoin's throughput is severely crippled to be the speed of a dialup modem.

Have you ever stopped to think that other cryptocurrencies don't have second layers because people don't want them and their chains don't need them? Why go through all this when there is no reason to have a crippled chain in the first place?

Using regular cryptocurrencies is incredibly simple and elegant. It's only when people started to believe propaganda about disk space and cpu time (that never made sense with the most basic examination) that somehow something that worked amazingly well is now a complete mess.

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frankenst1 1370 days ago
> Using regular cryptocurrencies is incredibly simple and elegant. It's only when people started to believe propaganda about disk space and cpu time (that never made sense with the most basic examination) that somehow something that worked amazingly well is now a complete mess.

Bitcoin SV did not care about these things and is dead because of it. Its blocks are ~200MB spammed with mostly non-payment related data. Its blockchain has grown to over 6 TB, the global number of nodes verifying the chain is down to 20 and it has been delisted by many exchanges and block explorers.

Bitcoin and Lightning in comparison have ~25,000 nodes.

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CyberDildonics 1369 days ago
Anyone can spin up as many nodes as they want.

Your example is bizarre since it is a nonsense fork made by a scammer. Even so it does actually work and keeps running even though all the people that sold you a second layer said throughput above a 56k modem was impossible. The spam could easily be prevented by a minimum fee. Even $0.10 per transaction would be $120,000 an hour paid by spammer and going to miners.

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