Bigger Blocks, Second Layer or More Blockchains?
In this live stream we discussed Bitcoin Maximalists, Litecoin, bigger blocks, Lightning Network and the scaling debate in the crypto space.
Watch “BITCOIN FOR COFFEE OR LAMBOS OR BOTH?”
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#Bitcoin Maximalists want to take this to buy coffee at the local corner shop pic.twitter.com/Lp220D3hZE
— Smaulgld (@Smaulgld) September 7, 2019
Are Bitcoin Maximalists so deluded as to think that Bitcoin will be the only coin used
As a Store of value
For
Small Transactions
Large Transactions
Central Bank Transactions
Privacy Transactions
Smart Contracts#Bitcoin for all? I doubt it#Litecoin#Ethereum#Dash— Smaulgld (@Smaulgld) September 10, 2019
If second layer solutions like #Lightning fail to help Bitcoin scale to accomodation billions of small transactions, will that destroy the future viability and value of #Bitcoin?
— Smaulgld (@Smaulgld) September 9, 2019
Correct and perhaps the need not for one blockchain to rule them all , but multiple secure blockchains
— Smaulgld (@Smaulgld) September 9, 2019
Correct. Bitcoin may become a store of wealth and used only for big purchases not coffee and if that happens that is fine, no point in trying to make bitcoin either some sort of everyday currency or global reserve asset
— Smaulgld (@Smaulgld) September 9, 2019
Issue w/ lightening isn’t lack of decentralization but whether it’s a round hole square problem created by adding a layer on top of btc
If btc cant scale then why not build a 2nd blockchain (#Litecoin) & a 3rd when ltc reaches capacity
Try lightning but consider more blockchains— Smaulgld (@Smaulgld) September 8, 2019
#Bitcoin becoming more like gold and held and stored not used as a medium of exchange -nothing wrong with that.
Main use for Bitcoin as a medium of exchange will be to buy yachts, luxury homes and lambos not coffee— Smaulgld (@Smaulgld) September 7, 2019
#Bitcoin becoming more like gold and held and stored not used as a medium of exchange -nothing wrong with that.
Main use for Bitcoin as a medium of exchange will be to buy yachts, luxury homes and lambos not coffee— Smaulgld (@Smaulgld) September 7, 2019
Lack of “Developer work” seems to be one of the #Bitcoin Derangement Syndrome cuts vs #Litecoin which they love calling a “sh*tcoin”
With more than two years of development work on “lightning” i see close to zero adoption and more Bitcoin moving into cold storage – like Bakkt
— Smaulgld (@Smaulgld) September 7, 2019
The best is not the only
The best always has a premium
Alternatives have relative value
But BDS prevents anything but a binary point of view pic.twitter.com/ypExkT6Fg3
— Smaulgld (@Smaulgld) September 7, 2019
Correct. But seems silly to reject the possible future existance of other secure block chains. Indeed having another bitcoin type block chain like #Litecoin to off load some volume is helpful (has already worked with Segwit, Abra smart contracts)
— Smaulgld (@Smaulgld) September 3, 2019
Because #Lightning solves everything and there never was and never will be ANY need for ANY other CRYPTOCURRENCY#Bitcoin Warning As Serious Security Vulnerabilities Uncovered via @forbes https://t.co/tn43vmy7OM #Litecoin #BitcoinDerangementSyndrome
— Smaulgld (@Smaulgld) September 2, 2019
Because #BTC can perform all functions better than alt coins doesnt mean it will
Babe Ruth was a great pitcher & batter
Ruth ended up being used solely as a batter
BTC may become primarily a SOV like Gold/not used much as a currency#litecoin@jonnylitecoin @KennedyFinance
— Smaulgld (@Smaulgld) September 1, 2019
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