Reddit Posts
Crypto always has and will be gambling not investing
Your One-Stop-Shop Guide To Growing A Healthy And Successful Crypto Project The Respectable Way (With Help From Air Central Station)
Mentions
Yeah, and some people say that Satoshi Nakomoto fraud, who DOESNT EVEN EXIST created it. Like who would ever believe that story.
#Lightning Network Pro-Arguments Below is an argument written by roberthonker which won 2nd place in the Lightning Network Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/FrogsDoBeCool's submission from last round** > > # The lightning network, completing transactions lightning fast > > Disclaimer: I own bitcoin, and use it as a way to invest my money, although I do not move money on the lightning network! > > > > The lightning network is a peer-to-peer network that is built upon bitcoin. The lightning network basically uses bitcoin to give cheap and fast transactions for bitcoin. Something interesting to me that basically, no one talks about is that the lightning network is customizable towards multiple coins… Litecoin is the second coin that supports the lightning network. Although I believe this is pretty useless, (litecoin fees are already pretty low) it doesn’t remove the fact that a $0.50\~ transaction fee can become near $0. Some say the transaction fee is “about as large as an atom”. The transaction speeds of the Lightning network is just simply not important, it’s fast enough so that if the whole world were using the LN network we may have a few seconds of delay in any given transaction. The fees also are about nothing, $0. To be honest, I am excited over this network, it allows not only anonymity, feeless transactions, scalability, but a solution to a foundation bitcoin built, a foundation that became a problem in itself for its low tps, bad fees, and scalability. > > > > The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed. When a payment channel is opened, the multi-signature feature of bitcoin builds addresses that only allow those addresses to move money between each other if both signatures are confirmed. The lightning network includes the local and remote balances, the local balance is your balance, the remote is the other party involved. REFUNDS ACTUALLY EXIST ON LIGHTNING. They are limited in time, but they exist, reversible transactions exist. Refunds from what I know though are only used when a payment channel is set up and party A puts bitcoin into the channel, and party B ghosts party A. Usually, you need both parties to confirm a transaction (moving bitcoin from the payment channel back into the bitcoin network itself) but if party B ghosts party A for a few days, you can refund. > > > > The transactions when completed should be boxed up and put into a block on the chain. If there are three or more parties then the transaction shows the first and last transaction “A pays B 5 btc, B pays C 5btc” the transaction on chain would be “A pays C 5 btc”. Unconfirmed transactions are also a life saver. Technically, you can send 5 btc to party B and party B never accepts the transaction, and party A never refunds it. Party B can at any time confirm the transaction then and own the bitcoin. I can’t wait to see how people will use this feature to basically just stop confirming transactions on the blockchain, but still, have bitcoin moving around. Full anonymity. Bitcoin has a limited amount of transactions that can fit inside a block, this is why you pay higher when more people want to move Bitcoin around, more demand, limited supply, and unlike other side chains like polygon on ethereum the lightning network is, well, a network, not a chain. > > > > [src 1](https://lightning.network/lightning-network-paper.pdf) > > [src 2](https://www.youtube.com/watch?v=XCSfoiD8wUA) > > [src 3](https://www.youtube.com/watch?v=SXT9iq__V8c) > > ​ > > edit: 8/30/21, remade and reworked arguement ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfolqr/rcc_cointest_general_concepts_lightning_network/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Lightning_Network) to find arguments on this topic in other rounds.
Ugh. People like you are insufferable. EXCHANGES EXIST TO TRADE! LOTS OF PEOPLE TRADE ACTIVELY AND THEREFORE NEED TO HAVE THEIR BTC ON EXCHANGES! Also. I have been trading on at least 7 different exchanges for 5 yrs and never had a problem or been screwed.
#Lightning Network Pro-Arguments Below is an argument written by roberthonker which won 2nd place in the Lightning Network Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/FrogsDoBeCool's submission from last round** > > # The lightning network, completing transactions lightning fast > > Disclaimer: I own bitcoin, and use it as a way to invest my money, although I do not move money on the lightning network! > > > > The lightning network is a peer-to-peer network that is built upon bitcoin. The lightning network basically uses bitcoin to give cheap and fast transactions for bitcoin. Something interesting to me that basically, no one talks about is that the lightning network is customizable towards multiple coins… Litecoin is the second coin that supports the lightning network. Although I believe this is pretty useless, (litecoin fees are already pretty low) it doesn’t remove the fact that a $0.50\~ transaction fee can become near $0. Some say the transaction fee is “about as large as an atom”. The transaction speeds of the Lightning network is just simply not important, it’s fast enough so that if the whole world were using the LN network we may have a few seconds of delay in any given transaction. The fees also are about nothing, $0. To be honest, I am excited over this network, it allows not only anonymity, feeless transactions, scalability, but a solution to a foundation bitcoin built, a foundation that became a problem in itself for its low tps, bad fees, and scalability. > > > > The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed. When a payment channel is opened, the multi-signature feature of bitcoin builds addresses that only allow those addresses to move money between each other if both signatures are confirmed. The lightning network includes the local and remote balances, the local balance is your balance, the remote is the other party involved. REFUNDS ACTUALLY EXIST ON LIGHTNING. They are limited in time, but they exist, reversible transactions exist. Refunds from what I know though are only used when a payment channel is set up and party A puts bitcoin into the channel, and party B ghosts party A. Usually, you need both parties to confirm a transaction (moving bitcoin from the payment channel back into the bitcoin network itself) but if party B ghosts party A for a few days, you can refund. > > > > The transactions when completed should be boxed up and put into a block on the chain. If there are three or more parties then the transaction shows the first and last transaction “A pays B 5 btc, B pays C 5btc” the transaction on chain would be “A pays C 5 btc”. Unconfirmed transactions are also a life saver. Technically, you can send 5 btc to party B and party B never accepts the transaction, and party A never refunds it. Party B can at any time confirm the transaction then and own the bitcoin. I can’t wait to see how people will use this feature to basically just stop confirming transactions on the blockchain, but still, have bitcoin moving around. Full anonymity. Bitcoin has a limited amount of transactions that can fit inside a block, this is why you pay higher when more people want to move Bitcoin around, more demand, limited supply, and unlike other side chains like polygon on ethereum the lightning network is, well, a network, not a chain. > > > > [src 1](https://lightning.network/lightning-network-paper.pdf) > > [src 2](https://www.youtube.com/watch?v=XCSfoiD8wUA) > > [src 3](https://www.youtube.com/watch?v=SXT9iq__V8c) > > ​ > > edit: 8/30/21, remade and reworked arguement ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfolqr/rcc_cointest_general_concepts_lightning_network/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Lightning_Network) to find arguments on this topic in other rounds.
#Lightning Network Pro-Arguments Below is an argument written by roberthonker which won 2nd place in the Lightning Network Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/FrogsDoBeCool's submission from last round** > > # The lightning network, completing transactions lightning fast > > Disclaimer: I own bitcoin, and use it as a way to invest my money, although I do not move money on the lightning network! > > > > The lightning network is a peer-to-peer network that is built upon bitcoin. The lightning network basically uses bitcoin to give cheap and fast transactions for bitcoin. Something interesting to me that basically, no one talks about is that the lightning network is customizable towards multiple coins… Litecoin is the second coin that supports the lightning network. Although I believe this is pretty useless, (litecoin fees are already pretty low) it doesn’t remove the fact that a $0.50\~ transaction fee can become near $0. Some say the transaction fee is “about as large as an atom”. The transaction speeds of the Lightning network is just simply not important, it’s fast enough so that if the whole world were using the LN network we may have a few seconds of delay in any given transaction. The fees also are about nothing, $0. To be honest, I am excited over this network, it allows not only anonymity, feeless transactions, scalability, but a solution to a foundation bitcoin built, a foundation that became a problem in itself for its low tps, bad fees, and scalability. > > > > The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed. When a payment channel is opened, the multi-signature feature of bitcoin builds addresses that only allow those addresses to move money between each other if both signatures are confirmed. The lightning network includes the local and remote balances, the local balance is your balance, the remote is the other party involved. REFUNDS ACTUALLY EXIST ON LIGHTNING. They are limited in time, but they exist, reversible transactions exist. Refunds from what I know though are only used when a payment channel is set up and party A puts bitcoin into the channel, and party B ghosts party A. Usually, you need both parties to confirm a transaction (moving bitcoin from the payment channel back into the bitcoin network itself) but if party B ghosts party A for a few days, you can refund. > > > > The transactions when completed should be boxed up and put into a block on the chain. If there are three or more parties then the transaction shows the first and last transaction “A pays B 5 btc, B pays C 5btc” the transaction on chain would be “A pays C 5 btc”. Unconfirmed transactions are also a life saver. Technically, you can send 5 btc to party B and party B never accepts the transaction, and party A never refunds it. Party B can at any time confirm the transaction then and own the bitcoin. I can’t wait to see how people will use this feature to basically just stop confirming transactions on the blockchain, but still, have bitcoin moving around. Full anonymity. Bitcoin has a limited amount of transactions that can fit inside a block, this is why you pay higher when more people want to move Bitcoin around, more demand, limited supply, and unlike other side chains like polygon on ethereum the lightning network is, well, a network, not a chain. > > > > [src 1](https://lightning.network/lightning-network-paper.pdf) > > [src 2](https://www.youtube.com/watch?v=XCSfoiD8wUA) > > [src 3](https://www.youtube.com/watch?v=SXT9iq__V8c) > > ​ > > edit: 8/30/21, remade and reworked arguement ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfolqr/rcc_cointest_general_concepts_lightning_network/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Lightning_Network) to find arguments on this topic in other rounds.
LOL! The trouble is that NO CRYPTOS have "Fundamental Value". They don't EXIST in the physical world and they don't DO ANYTHING. They are just speculative investments - i.e. gambling at this point.
#Lightning Network Pro-Arguments Below is an argument written by roberthonker which won 2nd place in the Lightning Network Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/FrogsDoBeCool's submission from last round** > > # The lightning network, completing transactions lightning fast > > Disclaimer: I own bitcoin, and use it as a way to invest my money, although I do not move money on the lightning network! > > > > The lightning network is a peer-to-peer network that is built upon bitcoin. The lightning network basically uses bitcoin to give cheap and fast transactions for bitcoin. Something interesting to me that basically, no one talks about is that the lightning network is customizable towards multiple coins… Litecoin is the second coin that supports the lightning network. Although I believe this is pretty useless, (litecoin fees are already pretty low) it doesn’t remove the fact that a $0.50\~ transaction fee can become near $0. Some say the transaction fee is “about as large as an atom”. The transaction speeds of the Lightning network is just simply not important, it’s fast enough so that if the whole world were using the LN network we may have a few seconds of delay in any given transaction. The fees also are about nothing, $0. To be honest, I am excited over this network, it allows not only anonymity, feeless transactions, scalability, but a solution to a foundation bitcoin built, a foundation that became a problem in itself for its low tps, bad fees, and scalability. > > > > The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed. When a payment channel is opened, the multi-signature feature of bitcoin builds addresses that only allow those addresses to move money between each other if both signatures are confirmed. The lightning network includes the local and remote balances, the local balance is your balance, the remote is the other party involved. REFUNDS ACTUALLY EXIST ON LIGHTNING. They are limited in time, but they exist, reversible transactions exist. Refunds from what I know though are only used when a payment channel is set up and party A puts bitcoin into the channel, and party B ghosts party A. Usually, you need both parties to confirm a transaction (moving bitcoin from the payment channel back into the bitcoin network itself) but if party B ghosts party A for a few days, you can refund. > > > > The transactions when completed should be boxed up and put into a block on the chain. If there are three or more parties then the transaction shows the first and last transaction “A pays B 5 btc, B pays C 5btc” the transaction on chain would be “A pays C 5 btc”. Unconfirmed transactions are also a life saver. Technically, you can send 5 btc to party B and party B never accepts the transaction, and party A never refunds it. Party B can at any time confirm the transaction then and own the bitcoin. I can’t wait to see how people will use this feature to basically just stop confirming transactions on the blockchain, but still, have bitcoin moving around. Full anonymity. Bitcoin has a limited amount of transactions that can fit inside a block, this is why you pay higher when more people want to move Bitcoin around, more demand, limited supply, and unlike other side chains like polygon on ethereum the lightning network is, well, a network, not a chain. > > > > [src 1](https://lightning.network/lightning-network-paper.pdf) > > [src 2](https://www.youtube.com/watch?v=XCSfoiD8wUA) > > [src 3](https://www.youtube.com/watch?v=SXT9iq__V8c) > > ​ > > edit: 8/30/21, remade and reworked arguement ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfolqr/rcc_cointest_general_concepts_lightning_network/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Lightning_Network) to find arguments on this topic in other rounds.
#Lightning Network Pro-Arguments Below is an argument written by roberthonker which won 2nd place in the Lightning Network Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from u\/FrogsDoBeCool's submission from last round** > > # The lightning network, completing transactions lightning fast > > Disclaimer: I own bitcoin, and use it as a way to invest my money, although I do not move money on the lightning network! > > > > The lightning network is a peer-to-peer network that is built upon bitcoin. The lightning network basically uses bitcoin to give cheap and fast transactions for bitcoin. Something interesting to me that basically, no one talks about is that the lightning network is customizable towards multiple coins… Litecoin is the second coin that supports the lightning network. Although I believe this is pretty useless, (litecoin fees are already pretty low) it doesn’t remove the fact that a $0.50\~ transaction fee can become near $0. Some say the transaction fee is “about as large as an atom”. The transaction speeds of the Lightning network is just simply not important, it’s fast enough so that if the whole world were using the LN network we may have a few seconds of delay in any given transaction. The fees also are about nothing, $0. To be honest, I am excited over this network, it allows not only anonymity, feeless transactions, scalability, but a solution to a foundation bitcoin built, a foundation that became a problem in itself for its low tps, bad fees, and scalability. > > > > The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed. When a payment channel is opened, the multi-signature feature of bitcoin builds addresses that only allow those addresses to move money between each other if both signatures are confirmed. The lightning network includes the local and remote balances, the local balance is your balance, the remote is the other party involved. REFUNDS ACTUALLY EXIST ON LIGHTNING. They are limited in time, but they exist, reversible transactions exist. Refunds from what I know though are only used when a payment channel is set up and party A puts bitcoin into the channel, and party B ghosts party A. Usually, you need both parties to confirm a transaction (moving bitcoin from the payment channel back into the bitcoin network itself) but if party B ghosts party A for a few days, you can refund. > > > > The transactions when completed should be boxed up and put into a block on the chain. If there are three or more parties then the transaction shows the first and last transaction “A pays B 5 btc, B pays C 5btc” the transaction on chain would be “A pays C 5 btc”. Unconfirmed transactions are also a life saver. Technically, you can send 5 btc to party B and party B never accepts the transaction, and party A never refunds it. Party B can at any time confirm the transaction then and own the bitcoin. I can’t wait to see how people will use this feature to basically just stop confirming transactions on the blockchain, but still, have bitcoin moving around. Full anonymity. Bitcoin has a limited amount of transactions that can fit inside a block, this is why you pay higher when more people want to move Bitcoin around, more demand, limited supply, and unlike other side chains like polygon on ethereum the lightning network is, well, a network, not a chain. > > > > [src 1](https://lightning.network/lightning-network-paper.pdf) > > [src 2](https://www.youtube.com/watch?v=XCSfoiD8wUA) > > [src 3](https://www.youtube.com/watch?v=SXT9iq__V8c) > > ​ > > edit: 8/30/21, remade and reworked arguement ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfolqr/rcc_cointest_general_concepts_lightning_network/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Lightning_Network) to find arguments on this topic in other rounds.
Except that BILLIONAIRES SHOULDN'T EXIST!
You are talking out of your ass THIS TECHNOLOGY DOES NOT EXIST. This isn't even a debatable point.
But you trade it with freaking FIAT that can be controled. FULL CRYPTO WORLD WONT EXIST. They wont let you. Crypto is SPECULATION