Would you give up $1,000,000 in Bitcoin today, to guarantee its success and that our future was one of sound, decentralized money? My answer would have to be ‘yes,’ and here’s why.
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“So instead, I’m going to tell a story that makes the function of the Lightning Network less abstract and hopefully, easier to picture in your mind. We will do this by explanation of the system that runs The Panama Canal.” @TheCryptoconomy
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I did, for quite some time, fail to see the real scaling hurdle that faces Bitcoin. It was all about the blocksize and how many transactions we could get on-chain. Blocksize just jumps out at you, before anything else, as the obvious and most direct corollary to how much we can accomplish with the blockchain….
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I want you to do something for me. Take a minute, and go to your favorite block explorer, and watch the transactions roll in. As I write this, Bitcoin is running with a little over 200,000 unconfirmed transactions. We have been told over and over that this is a requiem for Bitcoin. That high fees…
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This is an oft heard statement that while true, we must consider to what degree. I have shilled for Bitcoin to many people with the focus on cheap and nearly instant payments in the past. It is an excellent selling point for someone who is ignorant of the technological breakthrough and indifferent to the revolutionary political…
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Alone, and feel the charm of existence in of souls like mine. I am so happy, my dear friend.
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