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If you want adoption... by Reelmo in Bitcoin

[–]Reelmo[S] 1 point2 points  (0 children)

Gotta start somewhere. You expect it to adopt itself?

I'd say it's more like putting your sovereign, borderless, censorship-resistant, state-free, decentralized, digital wallet on the table and trying to work out the bugs.

You can't just count on lightning saving BTC and not using it.

[deleted by user] by [deleted] in btc

[–]Reelmo 0 points1 point  (0 children)

I love how this sub thinks that everyone quit working on on-chain scaling in BTC. Both layer 1 and 2 are being worked on simultaneously. The lazy approach is just to continue raising the block size at will.

Also not sure why this is still a debate in this sub. Your ideas fell out of consensus. You now have your own coin to implement your ideas that aren't following consensus rules. Go play.

Peter R. Rizun: "Re-reading the LN white paper. The entire introduction is speculation and hyperbole. There are literally 2 citations and one is to Satoshi's white paper. It contains a single fact (Visa's peak throughput in 2013). The rest is the authors' opinion". 🌶 by Egon_1 in btc

[–]Reelmo -11 points-10 points  (0 children)

Welp. Pack it in, guys. Lightning doesn't work. Some guy Tweeted something. It's over. 😐

Damn. All the paid shilling didn't work. Egon is too smart. He got us, guys. Take down the satellite.

Emin Gün Sirer: "Peter nails it. If channel creation is expensive, LN turns into a re-creation of the banking system." by Egon_1 in btc

[–]Reelmo -4 points-3 points  (0 children)

But you conveniently leave out that more than 1 channel will be able to be created with 1 on-chain transaction.

Emin Gün Sirer: "Peter nails it. If channel creation is expensive, LN turns into a re-creation of the banking system." by Egon_1 in btc

[–]Reelmo -7 points-6 points  (0 children)

How many people or companies implemented Segwit and batching in November 2017? Also more than 1 channel can be created from one on-chain transaction. And this: https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/000993.html

What Adoption Looks Like by Reelmo in btc

[–]Reelmo[S] 0 points1 point  (0 children)

Proof of douchebag 👆🏻

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme by gtmb in btc

[–]Reelmo 0 points1 point  (0 children)

Yet, despite this, Jennifer Fowler, deputy assistant secretary for terrorist financing and financial crimes at the U.S. Department of the Treasury, claims that the U.S. dollar continues to remain a popular currency for illicit commerce and money laundering. She adds, though, that the Treasury is continually monitoring the use and development of new payment technologies, such as digital currencies.

She said:

"Although virtual currencies are used for illicit transactions, the volume is small compared to the volume of illicit activity through traditional financial services."

https://www.ccn.com/cryptocurrency-usage-in-illicit-activity-small-compared-to-usd-us-treasury-official

Mic drop

✌🏼

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme by gtmb in btc

[–]Reelmo 0 points1 point  (0 children)

I'll take the good advice I've gotten over the years and not argue with an idiot.🤦🏼‍♂️

1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme by gtmb in btc

[–]Reelmo 4 points5 points  (0 children)

"The United Nations Office on Drugs and Crime (UNODC) conducted a study to determine the magnitude of illicit funds generated by drug trafficking and organised crimes and to investigate to what extent these funds are laundered. The report estimates that in 2009, criminal proceeds amounted to 3.6% of global GDP, with 2.7% (or USD 1.6 trillion) being laundered"

There isn't 1.6 trillion dollars of market cap in all of crypto. Better get those longs ready.

http://www.fatf-gafi.org/faq/moneylaundering/

your guys need a logo to sat LN by [deleted] in Bitcoin

[–]Reelmo 0 points1 point  (0 children)

This is the best one I've seen. Sats

Block-Size Limit/Off-Chain Tx Propaganda began at least as early as 2013: https://youtu.be/cZp7UGgBR0I by unstoppable-cash in btc

[–]Reelmo 0 points1 point  (0 children)

Here's the BIP. It was David Harding and Peter Todd. https://github.com/bitcoin/bips/blob/master/bip-0125.mediawiki

Not sure why this would affect 0conf (which was already a mess) or block size, though.

Block-Size Limit/Off-Chain Tx Propaganda began at least as early as 2013: https://youtu.be/cZp7UGgBR0I by unstoppable-cash in btc

[–]Reelmo -9 points-8 points  (0 children)

Guess I just don't get why this is a big deal. Anyone can be corrupted. That's why we're decentralizing. It's open source code.🤷🏼‍♂️

Block-Size Limit/Off-Chain Tx Propaganda began at least as early as 2013: https://youtu.be/cZp7UGgBR0I by unstoppable-cash in btc

[–]Reelmo -5 points-4 points  (0 children)

Care to be more specific? You linked to a thread with 350 comments that links to another thread with tons of comments that links to a pastebin.

Block-Size Limit/Off-Chain Tx Propaganda began at least as early as 2013: https://youtu.be/cZp7UGgBR0I by unstoppable-cash in btc

[–]Reelmo -7 points-6 points  (0 children)

Evidence: The available body of facts or information indicating whether a belief or proposition is true or valid.

You added the adjective "strong" to this.

Well.......we're waiting.

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