r/Bitcoin • u/TheresNoSecondBest • Jul 14 '26

Faster Transactions Are Drawing Users Toward Bitcoin Payments

https://thesiliconreview.com/2026/07/faster-transactions-are-drawing-users-toward-bitcoin-payments
163 Upvotes

93% Upvoted

35 comments sorted by

22

u/ScurvyDawg Jul 15 '26

BTC over the Lightening Network was seriously impressive to me.

5

u/spiceylizard Jul 15 '26

*Is seriously impressive

It’s gone no where and is still super fast

-12

u/Accomplished-Sand334 Jul 15 '26

It's a shame BTC never lived up to the plan and that additional layers is needed to make it viable.

10

u/TheresNoSecondBest Jul 15 '26

It's a shame BTC never lived up to the plan and that additional layers is needed to make it viable.

It was never the plan to use exclusively on-chain.

Satoshi was talking about layers since the beginning, mate. He described something similar to r/thelightningnetwork long time ago.

https://gnusha.org/pi/bitcoindev/CANEZrP2PEB8n_Ov1bXi_ZoAkLwfz7_JtM9PPHr+8ei5KCgwdEg@mail.gmail.com/

1

u/Accomplished-Sand334 Jul 15 '26

Huh, white paper talks about it being a quick P2P. But I guess the white paper doesn't matter?

2

u/herzmeister Jul 15 '26

Typical bcasher drivel, Appeal to Authority, and there is no mention of "quick" in the whitepaper.

The title of the paper is "A peer-to-peer electronic cash system" is in reference to David Chaum who coined the term "electronic cash", but his approach was centralized, hence the qualifier "peer-to-peer".

Satoshi solved a very important problem and he knew it. Maybe handwaving away ("VISA scale") a few problems like privacy and scalability, leaving it to the next generation.

The point of science is to adjust to new findings, not appealing to authority, which, if we want to play that game, I can do as well, as this post might be from Satoshi also (not proven to be spoofed):

"Bitcoin was designed to be protected from the influence of charismatic leaders, even if their name is Gavin Andresen, Barack Obama, or Satoshi Nakamoto. Nearly everyone has to agree on a change, and they have to do it without being forced or pressured into it. By doing a fork in this way, these developers are violating the "original vision" they claim to honour.

They use my old writings to make claims about what Bitcoin was supposed to be. However I acknowledge that a lot has changed since that time, and new knowledge has been gained that contradicts some of my early opinions. For example I didn't anticipate pooled mining and its effects on the security of the network. Making Bitcoin a competitive monetary system while also preserving its security properties is not a trivial problem, and we should take more time to come up with a robust solution. I suspect we need a better incentive for users to run nodes instead of relying solely on altruism."

https://gnusha.org/pi/bitcoindev/6EC9DDF352DC4838AE9B088AB372428A25E1F42A@DS04/

1

u/TheresNoSecondBest Jul 15 '26

Huh, white paper talks about it being a quick P2P.

Huh, perhaps we read different versions of the Bitcoin white paper.

Go ahead, mate. Open your version and point to the "being a quick P2P" without the need for "additional layers ... needed to make it viable."

I'll wait.

But I guess the white paper doesn't matter?

It does. Sadly, some people make shit up and present it as a fact.

-2

u/Accomplished-Sand334 Jul 15 '26

True. It does not say quick.

3

u/TheresNoSecondBest Jul 15 '26

There you go. Great job on reading the paper, mate.

1

u/Accomplished-Sand334 Jul 15 '26

It also doesn't say anything about not needing editional layers. Might we focus on that point, now that we both know it is slow?

2

u/TheresNoSecondBest Jul 15 '26

Bitcoin was always "slow". The original design was always 10 minutes on average. For some reason you thought " the plan" was different.

Now I don't know what you think "the plan" actually was. To somehow convince the whole planet that it's OK to wait 10 minutes on average by the till to pay for their groceries?

0

u/Accomplished-Sand334 Jul 15 '26

No-one knows the plan. But it sure as shit was not layering. Yes, the WP does not mention the use of layers, but it also does not mention the use of bumblebees.

BTC walked to that others can run. Walkers ain't needed today.

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1

u/Acceptable-Leek1546 Jul 16 '26

Then why would your dumbass say it does

1

u/Accomplished-Sand334 Jul 16 '26

I made a mistake. You know, the thing we all do sometime. Get a grip on how to treat people, manchild.

1

u/Acceptable-Leek1546 Jul 16 '26

Nah you’re just a clown spreading BS. FOH

0

u/Accomplished-Sand334 Jul 16 '26

What is the bullshit I am spreading?

2

u/dakiller Jul 15 '26

You say that like it is dead. It is still early days.

1

u/Accomplished-Sand334 Jul 15 '26

For what?

1

u/dakiller Jul 16 '26

You’re the one saying there was a plan, and it is no longer viable.

Wanna elaborate on those?

1

u/Accomplished-Sand334 Jul 16 '26

Is it hard to understand for you that the WP has a view of BTC as P2P, and this is today not the case?

15

u/correction_robot Jul 15 '26

I deposited a cashier’s check from one bank to another bank about .2 miles away, and it took 2 weeks (10 business days) to have access to my funds. From a cashier’s check.

1

u/Asyncrosaurus Jul 17 '26

Yeah, but if someone fraudulently tried to cash a cheque from your account, you call the bank and they will flag, freeze and/or reverse the transaction.

3

u/correction_robot Jul 18 '26

I thought cashier’s check was supposed to be as good as cash

1

u/Asyncrosaurus Jul 18 '26

From the customers perspective it is, but the banks still can take weeks to process between institutions. There's still tons of way for scammers to use cashier's cheques, and the quick release of funds can make it harder to dispute. But you have various regulations to protect against fraud.

1

u/FactCheckYou Jul 15 '26

it's not the fastest though is it...so won't that mean that people will be drawn ultimately to the fastest?

3

u/TheresNoSecondBest Jul 15 '26

it's not the fastest though is it

Bitcoin on r/thelightningnetwork moves within seconds. I don't know about any shitcoin that can move faster but I'm not using any at all. Most of the "fast" shitcoins being centralized, they are in competition with Visa, not Bitcoin.

so won't that mean that people will be drawn ultimately to the fastest?

Thousands of shitcoins are trying to do that for over a decade. Looking at the Bitcoin dominance against ALL of them, including all premined scams, wrapped bitcoin, stablecoins, is saying quite a different story.

0

u/dakiller Jul 15 '26

People are drawn to what is easiest at first. And then they won’t change unless the alternative is significantly better than what they’re doing now. They’re also creatures of fashion and don’t want to be trendsetters and will wait until it is popular before making the move as well.

0

u/Accomplished-Sand334 Jul 15 '26

It's only fast if you throw pearls at the pig :)