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RE: Game Changer For Bitcoin??? Could This Be Something That Jumpstarts A Run???

in #bitcoin7 years ago

I doubt the lightning network will make Bitcoin great again. I mean it's definitely a big step forward, but BTC will continue to lose dominance in the course of 2018. So many other cryptos have been created. Many of them have already proven its applicability to use cases like micropayments that I do not believe BTC will take this niche again as a dominant player.
Successful integration of lightning will definitely affect positively on BTC price but it will continue to move towards store of value use case (similar to gold) rather than a mean of payment.

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Even more so - lightning is NOT a scaleability solution - you still need to do 2 onchain operation for each channel. With 7 operations a second onchain it's unsustainable on a worldwide scale. But makes more centralisation, as you need a highly liquid, connected hubs for lightning. It's a bitcoin banks per se. Such a present for a government regulation and extortion.

I believe in DPoS or DAG systems witch is natively scalable.