Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254631 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
jbreher
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lose: unfind ... loose: untight


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February 20, 2019, 06:16:51 PM

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?

Lightning IS Bitcoin.

Lightning transactions are not on chain, so they are therefore not Bitcoin transactions. So if LN txs are not Bitcoin txs, it follows that ...

I'm not trying to claim that LN is useless. It will likely have benefits for some limited applications. But to pin BTC's future on it when simpler methods were available... smh.

Going to have to pull you up on that one mate... LN Opens and Closed channel onchain. therefore they are BTC transactions.

On another note, i don't know why people are discounting LN. This is some awesome development/technology. What you see now may be different in 5 -10 years from now, there alot of smart people with forward thinking minds.

Not only the opening and closing are BTC transactions... but also each micropayment within the channels are done with BTC transactions which each channel partner can put on-chain.

No. Only the aggregate state can be put on-chain. (Which, of course, opens up a host of potential attacks.) Not each channel tx.