I don't think it would be impossible to do so for bitcoin. But bitcoin is shit for paying day to day. Last time I checked it only supported a fixed amount of transactions per day and each transaction costs a lot of money.
[ - ] rzr97 1 point 7 monthsOct 2, 2023 14:27:24 ago (+1/-0)
Current on-chain price is 67 cents for a high priority transaction. Current lightning transaction on bitcoin is about .0001 cents. Use lightning for transactions. It's just that simple. If you want a wallet that does it for you, get Phoenix.
Unlimited transactions for sub pennies. There is nothing better than bitcoin. Period. You just don't know how to use it. If you're transacting, use lightning. If you're saving, use the main chain. It's just that simple. All other chains will run into scaling issues once they have any decent amount of traffic--which they don't. Bitcoin already solved it with lightning.
Still, it is important to use other chains like Monero, ethereum, mina, etc. just to see what's going on.
Lightning is functionally centralised, so it defeats the purpose. Besides nowhere I've actually tried to use crypto accepts it (likely for that reason).
On the other hand almost all of them work with lightning.
I think a proper decentralised solution to scaling will come with sharding.
Lightning is as centralized as you make it. If you want to use centralized services, which most do, you can. Sharding is not going to help if they segment the internet. THAT is the problem. Only bitcoin survives if they do that. You will NEVER get decentralization without much smaller blocks. It simply won't happen. The only thing innovative in the crypto space in 10 years is Mina and that still won't help with decentralization. At least Mina figured out a way to recursively mathematically PROVE the blockchain existed a certain way in the past which means you no longer have to hold onto old blocks. It can and is literally run completely in a zero trust way in a browser. It uses the same technology to prove other records exist the same way, healthcare, etc. Because of that it's also a far better version of chainlink than chainlink itself and is the perfect oracle. Other than that, there have been zero real technical improvements. Their marketing absolutely SUCKS though so I'm not shilling them. It's just true.
If they segment the internet then there can't be consensus anymore, or at least not reliably.
I was under the impression lightning was only administered by a single company, so it was vulnerable to whatever governance decisions they make. Is that not the case?
At any rate I keep hearing about how great lightning is, but any time I actually move bitcoin around no one's using it. So I get stuck with the ridiculously high fees and confirmation times.
Bitcoin can still maintain consensus with a segmented internet because the blocks are so small. It can be sent with dial-up. ham radio or broadcast without ip.
Lightning is not administered by anyone. It's just an agreement on chain between two people that says they can transact between one another off chain and finally settle onchain so all those offchain transations don't have to be recorded on-chain. This means if you have an agreement with multiple people, those people can route payments through you. Kind of like someone pays you and you pay someone else but it's done in such a way where it can't be cheated. That's a simplistic view. Anyhow, all offchain. It is as decentralized as you want it to be but clearly there is convenience in setting up these agreements (channels) with larger entities that have many channels to others.
Yes, not many places take lightning now just as many places didn't take bitcoin before. It'll change over time. It is pretty cool but it's not pefect. It keeps getting better though and is instant with super low fees.
$20. That's BS. Even $5 is in BS territory but it sadly has gotten close. You are off by a degree of magnitude. That's still too high. But litecoin or bitcoin cash or lightning network are alternatives. The first two are regularly accepted because it's easy to set up in the most popular open source invoicing system. https://btcpayserver.org/
I'm just looking at newegg.com that I was shopping on earlier today. Yep. They support those and about 50 others. All of which are better than bitcoin or no one would have bothered making them or putting enough money into them to be notable.
Cash IS digital money. It's literally created and paid for by digital dollars from the fed. You're very mistaken. The fed is controlled by kikes. Use bitcoin, monero, etc.
[ - ] rzr97 1 point 7 monthsOct 2, 2023 14:20:53 ago (+1/-0)
Bitcoin supports unlimited transactions per day. Literally unlimited. You don't use the main chain for transactions. You use lightning. It's instant and cost sub pennies to transact.
Jews misinform you at every step.
It's IMPOSSIBLE TO STOP A BITCOIN TRANSACTION. Literally impossible.
It's designed with limited transactions per day. And not just limited per user. Limited globally across all users. That's why transactions are expensive. If many people want to transact they kind of have to bid to see who actually gets to transact.
Since this is kinda complete bullshit, services popped up around it to circumvent this design choice.
[ - ] rzr97 1 point 7 monthsOct 2, 2023 17:33:02 ago (+1/-0)
It's not bullshit. It's designed to keep going in the even the kikes disconnect the internet. Transactions are limited but there's plenty for BILLIONS to onboard to lightning right now.
Bitcoin has a block time of roughly every 10 minutes and a small block size. It's small enough to broadcast over dialup or even ham radio if we have to. EVERY OTHER COIN would go out of sync and have major issues if kikes shut down central routers. Bitcoin would keep working AND if you're already set up your lightning channels, it wouldn't affect you at all if you could communicate in any way. Hell you can walk a lightning transaction to someone.
[ - ] rzr97 1 point 7 monthsOct 2, 2023 17:34:25 ago (+1/-0)
Lighting is NOT a service by the way. It's a fundamental way bitcoin works with payment channels. Why on earth would you want your coffee purchase permanently stored onchain. It's absurd the way other chains work without payment channels.
[ - ] x0x7 1 point 7 monthsOct 2, 2023 20:23:16 ago (+1/-0)
Admittedly there are very few shops that support it and the technical barriers to running it on phone, desktop, server are pretty high at this point. Litecoin's fees are also sub-penny, so while I do support lightning network I think for recommending things to normies to show them that crypto can be easier and cheaper than is meme'd I think litecoin is the better suggestion.
If someone really wants to optimize that last 0.1 cent transaction fee away and turn it into 0.0001 cents, and also have fewer people to trade with, and have money locked into off-chain channels, then sure. Either way it is an improvement on standard bitcoin so I do think it deserves more recognition than the near zero that it has.
Litecoin is basic but it works, that's why I use it. It's not the only coin I have but it is good. I also use it as a default medium of exchange when I'm trading. As in I'll buy litecoin then trade it for whatever I actually want.
[ - ] x0x7 1 point 7 monthsOct 2, 2023 19:58:10 ago (+1/-0)
Ok. But almost everyone in crypto has moved passed bitcoin. The problem is that we still allow it to be the face of crypto that the public thinks about. Litecoin is instant and practically free. Monero is close to instant and close to free and 100% anonymous.
Litecoin you pay 1/10th of a cent. Monero you pay 10 cents. Bitcoin you pay $2.00.
When we say crypto we don't mean bitcoin because most people don't use that anymore.
Considering that monero is used vastly over bitcoin on the dark net, I wouldn't be using bitcoin for anoniminity. As for trying to block someone from accessing their bitcoin, easy if they use any centralized digital wallet service, which majority of crypto users do use.
Anyone using an exchange for bitcoin deserves what they get. Only idiots do it. That's not your bitcoin.
Monero is very good. Bitcoin is as private as you want it to be but far more difficult than privacy with bitcoin.
Still, with a simple internet division, Monero would be fucked. it hasn't had the traffic yet to prove it can do anything besides hide transactions and you can use zcash or anything with that. I haven't looked into it but supposedly zcash is more private. Still, Monero is an excellent choice. Use that. Just get off the dollar.
Now when she (btw she is bi sexual you guys, which is soooo important for doing politics) calls that blogger a nazi nothing will happen.
(No really there are court cases that a certain politican can be called a Nazi and it is also ok to call the german people "dog/mutt race" as "germans are the majority so you cant insult them")
She is fat, that's an observable fact, however she will still be free to make subjective statements accusing white people of racism as if she can reads the minds of white people as some sort of collective hivemind.
There is nothing wrong with e-money. Just e-money controlled by them. And because banks depend on favorable relationships with the Federal Reserve, and smaller banks depend on favorable relationships with larger banks that have favorable relationship with the Federal Reserve there will never be a based bank account that deals in fiat. Where as crypto still allows for custodial banking, because you can bank yourself and still have the connectivity that e-money offers, they need to serve you rather than the fed/government/political class because you always have an alternative.
Cash requires face to face interaction. Your power and your internet are not going to be face to face interactions any time soon. So e-money will exist. The question is if a political class gets control over that e-money. And cash still offers the bankin cabal the option of printing infinite money so even cash sucks.
For me if I have an option to pay with crypto I pay with crypto. All my hosting is paid that way. If I don't have that and I have a choice between cash or card I pay with cash. That way I encourage the least amount of control in our financial system.
Everyone in Australia can pay their power and internet with cash by visiting an Aus Post office. Anyone also in Australia wishing to use bitcoin are going to be using a centralized wallet exchange like Digital Surge or CoinSpot. That is the nature of the beast. Nothing beats cash, especially when the alternative is a currency that relies directly on technology in which the kikes have ALOT of control over.
They also mine the Bitcoin and other crypto assets. I'd also dare wager that the kikes are Satoshi nakamato and they have control of his share of bitcoin from when he originally minted the coins.
Nakamoto owns between 750,000 and 1,100,000 bitcoin
Literally enough to instantly crash bitcoin to nothing.
[ + ] rzr97
[ - ] rzr97 8 points 7 monthsOct 2, 2023 05:53:25 ago (+9/-1)
Fucking TRY to block someone from accessing their bitcoin or monero. It aint gonna happen and that's' the whole point.
[ + ] Wahaha
[ - ] Wahaha 4 points 7 monthsOct 2, 2023 06:08:42 ago (+4/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 3 points 7 monthsOct 2, 2023 09:12:39 ago (+4/-1)
[ + ] NeonGreen
[ - ] NeonGreen 0 points 7 monthsOct 2, 2023 09:30:36 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 2 points 7 monthsOct 2, 2023 09:46:50 ago (+2/-0)
[ + ] rzr97
[ - ] rzr97 1 point 7 monthsOct 2, 2023 14:27:24 ago (+1/-0)
https://mempool.space/
https://phoenix.acinq.co/
[ + ] rzr97
[ - ] rzr97 0 points 7 monthsOct 2, 2023 14:23:16 ago (+1/-1)
Still, it is important to use other chains like Monero, ethereum, mina, etc. just to see what's going on.
[ + ] Broc_Liath
[ - ] Broc_Liath 0 points 6 monthsOct 4, 2023 18:24:33 ago (+0/-0)
On the other hand almost all of them work with lightning.
I think a proper decentralised solution to scaling will come with sharding.
[ + ] rzr97
[ - ] rzr97 0 points 6 monthsOct 6, 2023 12:48:50 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 0 points 6 monthsOct 10, 2023 03:47:42 ago (+0/-0)
I was under the impression lightning was only administered by a single company, so it was vulnerable to whatever governance decisions they make. Is that not the case?
At any rate I keep hearing about how great lightning is, but any time I actually move bitcoin around no one's using it. So I get stuck with the ridiculously high fees and confirmation times.
[ + ] rzr97
[ - ] rzr97 0 points 6 monthsOct 10, 2023 13:22:41 ago (+0/-0)
Lightning is not administered by anyone. It's just an agreement on chain between two people that says they can transact between one another off chain and finally settle onchain so all those offchain transations don't have to be recorded on-chain. This means if you have an agreement with multiple people, those people can route payments through you. Kind of like someone pays you and you pay someone else but it's done in such a way where it can't be cheated. That's a simplistic view. Anyhow, all offchain. It is as decentralized as you want it to be but clearly there is convenience in setting up these agreements (channels) with larger entities that have many channels to others.
Yes, not many places take lightning now just as many places didn't take bitcoin before. It'll change over time. It is pretty cool but it's not pefect. It keeps getting better though and is instant with super low fees.
[ + ] WanderingToast
[ - ] WanderingToast 0 points 7 monthsOct 2, 2023 14:40:09 ago (+0/-0)
Not just saying that because I bought several millions for not much
[ + ] x0x7
[ - ] x0x7 0 points 7 monthsOct 2, 2023 20:06:38 ago (+0/-0)*
I'm just looking at newegg.com that I was shopping on earlier today. Yep. They support those and about 50 others. All of which are better than bitcoin or no one would have bothered making them or putting enough money into them to be notable.
[ + ] Leveraction
[ - ] Leveraction 1 point 7 monthsOct 2, 2023 11:05:34 ago (+3/-2)*
[ + ] Wahaha
[ - ] Wahaha 2 points 7 monthsOct 2, 2023 11:42:56 ago (+2/-0)
[ + ] rzr97
[ - ] rzr97 0 points 7 monthsOct 2, 2023 14:25:21 ago (+1/-1)
[ + ] x0x7
[ - ] x0x7 0 points 7 monthsOct 2, 2023 20:00:35 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 0 points 6 monthsOct 4, 2023 18:25:36 ago (+0/-0)
How much is the french franc worth now, or the deutschmark?
[ + ] rzr97
[ - ] rzr97 1 point 7 monthsOct 2, 2023 14:20:53 ago (+1/-0)
Jews misinform you at every step.
It's IMPOSSIBLE TO STOP A BITCOIN TRANSACTION. Literally impossible.
[ + ] Wahaha
[ - ] Wahaha 3 points 7 monthsOct 2, 2023 16:31:11 ago (+3/-0)
Since this is kinda complete bullshit, services popped up around it to circumvent this design choice.
[ + ] rzr97
[ - ] rzr97 1 point 7 monthsOct 2, 2023 17:33:02 ago (+1/-0)
Bitcoin has a block time of roughly every 10 minutes and a small block size. It's small enough to broadcast over dialup or even ham radio if we have to. EVERY OTHER COIN would go out of sync and have major issues if kikes shut down central routers. Bitcoin would keep working AND if you're already set up your lightning channels, it wouldn't affect you at all if you could communicate in any way. Hell you can walk a lightning transaction to someone.
[ + ] rzr97
[ - ] rzr97 1 point 7 monthsOct 2, 2023 17:34:25 ago (+1/-0)
[ + ] x0x7
[ - ] x0x7 1 point 7 monthsOct 2, 2023 20:23:16 ago (+1/-0)
If someone really wants to optimize that last 0.1 cent transaction fee away and turn it into 0.0001 cents, and also have fewer people to trade with, and have money locked into off-chain channels, then sure. Either way it is an improvement on standard bitcoin so I do think it deserves more recognition than the near zero that it has.
[ + ] rzr97
[ - ] rzr97 1 point 7 monthsOct 2, 2023 20:24:52 ago (+1/-0)
Nothing wrong with litecoin!
[ + ] rzr97
[ - ] rzr97 0 points 7 monthsOct 2, 2023 20:26:55 ago (+0/-0)
[ + ] Broc_Liath
[ - ] Broc_Liath 0 points 6 monthsOct 4, 2023 18:28:39 ago (+0/-0)
[ + ] x0x7
[ - ] x0x7 1 point 7 monthsOct 2, 2023 19:58:10 ago (+1/-0)
Litecoin you pay 1/10th of a cent.
Monero you pay 10 cents.
Bitcoin you pay $2.00.
When we say crypto we don't mean bitcoin because most people don't use that anymore.
[ + ] deleted
[ - ] deleted 0 points 7 monthsOct 2, 2023 11:05:36 ago (+0/-0)
[ + ] GetFuckedCunt
[ - ] GetFuckedCunt 0 points 7 monthsOct 2, 2023 18:13:11 ago (+0/-0)
[ + ] rzr97
[ - ] rzr97 0 points 7 monthsOct 2, 2023 20:23:29 ago (+0/-0)
Monero is very good. Bitcoin is as private as you want it to be but far more difficult than privacy with bitcoin.
Still, with a simple internet division, Monero would be fucked. it hasn't had the traffic yet to prove it can do anything besides hide transactions and you can use zcash or anything with that. I haven't looked into it but supposedly zcash is more private. Still, Monero is an excellent choice. Use that. Just get off the dollar.
[ + ] dulcima
[ - ] dulcima 7 points 7 monthsOct 2, 2023 02:56:35 ago (+7/-0)
[ + ] HeavyBrain
[ - ] HeavyBrain 3 points 7 monthsOct 2, 2023 05:06:43 ago (+3/-0)
Positive that that body will take her out eventually.
[ + ] HeavyBrain
[ - ] HeavyBrain 4 points 7 monthsOct 2, 2023 05:06:07 ago (+4/-0)
(No really there are court cases that a certain politican can be called a Nazi and it is also ok to call the german people "dog/mutt race" as "germans are the majority so you cant insult them")
[ + ] Artificial_Intelligentile
[ - ] Artificial_Intelligentile 4 points 7 monthsOct 2, 2023 01:54:25 ago (+4/-0)
[ + ] Wahaha
[ - ] Wahaha 2 points 7 monthsOct 2, 2023 06:04:57 ago (+2/-0)
[ + ] BlueEyedAngloMasterRaceGod
[ - ] BlueEyedAngloMasterRaceGod 3 points 7 monthsOct 2, 2023 05:07:10 ago (+3/-0)
[ + ] drhitler
[ - ] drhitler 2 points 7 monthsOct 2, 2023 08:15:19 ago (+2/-0)
[ + ] RobertJHarsh
[ - ] RobertJHarsh 1 point 7 monthsOct 2, 2023 07:03:47 ago (+1/-0)
[ + ] NukeAmerica
[ - ] NukeAmerica 1 point 7 monthsOct 2, 2023 05:40:19 ago (+1/-0)
[ + ] herbert_west
[ - ] herbert_west 1 point 7 monthsOct 2, 2023 03:20:57 ago (+1/-0)
[ + ] Conspirologist
[ - ] Conspirologist [op] 0 points 7 monthsOct 2, 2023 04:13:26 ago (+1/-1)
[ + ] x0x7
[ - ] x0x7 0 points 7 monthsOct 2, 2023 13:46:02 ago (+1/-1)*
Cash requires face to face interaction. Your power and your internet are not going to be face to face interactions any time soon. So e-money will exist. The question is if a political class gets control over that e-money. And cash still offers the bankin cabal the option of printing infinite money so even cash sucks.
For me if I have an option to pay with crypto I pay with crypto. All my hosting is paid that way. If I don't have that and I have a choice between cash or card I pay with cash. That way I encourage the least amount of control in our financial system.
[ + ] GetFuckedCunt
[ - ] GetFuckedCunt 0 points 7 monthsOct 2, 2023 18:51:06 ago (+0/-0)
[ + ] x0x7
[ - ] x0x7 0 points 7 monthsOct 2, 2023 20:02:36 ago (+0/-0)
[ + ] GetFuckedCunt
[ - ] GetFuckedCunt 1 point 7 monthsOct 2, 2023 20:54:26 ago (+1/-0)
Literally enough to instantly crash bitcoin to nothing.
[ + ] Leveraction
[ - ] Leveraction 0 points 7 monthsOct 2, 2023 11:03:32 ago (+0/-0)
[ + ]deleted
[ - ] deleted -2 points 7 monthsOct 2, 2023 06:05:25 ago (+0/-2)
[ + ]deleted
[ - ] deleted -2 points 7 monthsOct 2, 2023 06:03:57 ago (+0/-2)