Really ? Isn't it's the mining responsible for main energy consumption and isn't it responsible for, - So, all of it, will be disrupted ? A new way is found, a LIGHTNING NETWORK, with what, dozens of times faster transactions, to fulfill the global need of bitcoin transactions ? And anything mining related, as we know it now today, will loose 90% of it's value, since a superior way of doing the same is created ? Where do i buy puts on BTC mining companies. Edit : sinse, their main assets is warehouses/mining rigs (away from ,,talent")
You keep missing the crucial word number as in NUMBER of transactions. If you still don't get it, ok, stay ignorant, but I've posted lengthy posts. Re-read them to understand or don't Buy puts on mining companies, MARA, RIOT, HUT on the stock market. You can't even figure that out??
Ahhh, so that's how it works, you bring up something unrelated?? Ok, Nobert, but what are you going to do when BTC goes above $70k, $100k, $500k, will you still keep posting that picture you saved? By the way, you really love that picture, lmao. You have no idea how happy I am to bring you that joy
Medium article as Mathematical proof from 2017?? Dude, here's what the lightning network looks like in production and growing like crazy!! crazy is a technical term in case you did not know https://1ml.com/
https://1ml.com has https://1ml.com/node?order=capacity has for the top 12 nodes by capacity. A summary of the capacity is Code: node 0 10.857% total 10.857% node 1 7.112% total 17.969% node 2 6.995% total 24.964% node 3 4.782% total 29.746% node 4 3.776% total 33.522% node 5 3.278% total 36.8% node 6 3.121% total 39.921% node 7 2.564% total 42.485% node 8 2.129% total 44.614% node 9 1.977% total 46.591% node 10 1.900% total 48.491% node 11 1.767% total 50.258% Those top 12 nodes are 0.0679694% of the total number of nodes (12 / 17,655 * 100), but they have more than 50% of the network's capacity. That appears to be very centralized, just like the medium article predicted.
I think we need to just forget fuck-all about what BTC is, and listen to the market. It is now proxy to the NDX. And the BTC is kinda' like the NDX, it is hovering at a bottom. The NDX is a bit more squirrely, but BTC is hanging onto the 20K level well. It dipped to 18K last weekend for a bit, but came right back up this week. That smells like a bottom to me. If it can maintain that level through fed rate in mid July, smells like a buy, because the rest of the markets will follow same trajectory.
Let's attack this from a different angle Have you ever used the Bitcoin LN for transactions? I have over several dozen times so far Do you run a LN node? I do with 15 channels of varying capacity, total capacity last time I looked was 35M satoshis (I'm out of town currently and no access to my node) You've latched on to the network capacity as your argument that the LN is centralized, do you know what that means and how is it relevant to your decentralized vs centralized argument? And finally, let me ask you, I don't want to assume but what is the downside of the the LN if it's centralized? Then I'll respond to you
I can't even follow, what some of those pro-crypto folk write/their answers. If that's intentional, kudos for them. They're good at it. They drop an ,,contra argument" You read it once. You read it twice Then ,,Wait .. What ... ? " It's one of the sociopathic traits, where they make you to question your own logic. Back to the roots. https://www.elitetrader.com/et/threads/how-to-manipulate-any-crypto.366795/ Same s wrapped in a different candy foil. But your article is back from 2017. Before the first euphoria. As if it was left as a Plan B, to fight off the blame of slow transactions. Because transaction amount was irrelevant back then. And yet, average crypto investor, they don't care, as it can be seen in here : https://www.elitetrader.com/et/threads/the-next-luna-ponzi-scheme.367943/ Why to bother thyself with all of this info, when you can simply flip your 3k to 72 000.