01-09-2018, 02:46 PM
(This post was last modified: 01-09-2018, 03:03 PM by JackOfHearts.)
I don't think LTC will die and the lightning network is a quick fix, it won't solve the problem, it might just barely gives some relief.
Watch andreas antonopoulos video you will learn a lot.
He compared internet beginning as blockchain begining, the congestion won't be fixed in the short term as it's an inherent part of a new technology teething process.
Also I don't think ETH is growing only because BTC is slowing down, the token technology build inside ETH give him more value than BTC, it's only a matter of time before BTC users come down to earth. BTC is obsolete compared to ETH, unless they manage something new they aren't going to stay at the top.
https://segwit.org/my-vision-for-segwit-...95a7ab656b
Watch andreas antonopoulos video you will learn a lot.
He compared internet beginning as blockchain begining, the congestion won't be fixed in the short term as it's an inherent part of a new technology teething process.
Also I don't think ETH is growing only because BTC is slowing down, the token technology build inside ETH give him more value than BTC, it's only a matter of time before BTC users come down to earth. BTC is obsolete compared to ETH, unless they manage something new they aren't going to stay at the top.
https://segwit.org/my-vision-for-segwit-...95a7ab656b
Charlie Lee Wrote:But some people say LN (lightning) on Bitcoin will kill any reason to use Litecoin. If people can do instantaneous transactions on Bitcoin, why would they use Litecoin? My gut feel is that this is not the case. Even with LN, Bitcoin still cannot service every person in the world. I think the calculation was that at 1MB blocks, LN and SegWit on Bitcoin can service 500M users. LN nodes will charge a fee for LN txns going through them and that fee will be relative to the Bitcoin network fee. So Bitcoin LN txns will be more expensive than Litecoin LN txns. It may make economic sense for a LN txn to go via Litecoin and back to Bitcoin to get the cheapest rate