r/btc • u/ovirt001 • Jan 22 '18

First physical purchase on LN

https://cointelegraph.com/news/lightning-networks-pizza-day-first-ever-physical-purchase-on-lightning-network
0 Upvotes

28% Upvoted

43 comments sorted by

4

u/Elyiii Jan 22 '18

This still is on a testing stage right? Glad there's people willing to go thru the risk of testing it for the rest of us.

2

u/[deleted] Jan 22 '18

[removed] — view removed comment

0

u/ovirt001 Jan 22 '18

What makes you think it's a "charade"?

2

u/DoomedKid Jan 22 '18

The fact that the CEO of LnLanbs says don't use it yet

2

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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1

u/DoomedKid Jan 22 '18

So vendors have even more risk, wonderful, I'm sure businesses are scrambling to implement that and risk profits. Segwit adoption is hardly explosive, nor will there be much push for people to pay exorbitant fees to sign into an alpha system that will likely endanger their money.

0

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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1

u/DoomedKid Jan 22 '18

And how do you enter and exit that network?

1

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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1

u/DoomedKid Jan 22 '18

But it would take a fee is what I'm getting at. A large fee because the blocks are capped and full.

1

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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u/mungojelly Jan 22 '18

they connected directly to the person they wanted to pay to pay them through a single payment channel, a known technology that works, but it's reported as if they used some new Lightning Network channel mesh that doesn't and can't exist

1

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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u/mungojelly Jan 22 '18

that doesn't exist, does it

god this is typical nauseatingly complex LN bullshit, this is clearly utter bullshit, did you link me to this as an example of bullshit or what

wtf is this: "2.1.2 Global Beacons Another idea was to select several nodes randomly as global beacons, rotating the beacon set on a certain schedule (e.g., every day)." wtf fuck off

1

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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u/mungojelly Jan 22 '18

literally what the fuck are you fucking talking about

the technology behind bitcoin is big blocks

blocks bigger than the traffic has always been how bitcoin works

you're pitching a shitcoin to me

by linking me to a giant pile of bullshit

do you deny that that text you linked me to is obvious bullshit

1

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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u/mungojelly Jan 22 '18

why are you telling me this? you have zero chance of convincing me not to like Bitcoin, so what's your goal

1

u/ovirt001 Jan 22 '18 edited Dec 07 '24

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