The issues I still see with Monero are scaling and UX. The latest stress test showed us that the nodes cannot do more than 300-500k transactions per day without issues.
Wallet sync and coin locking will hamper mass adoption. If Bitcoin Cash ever adds proper privacy I think it will be the winner as it has all other boxes checked.
Spread this far and wide, let’s get 1 billion views on this interview! The US “government” criminals need to be exposed.
This is because they are all paid to steer the ignorant into corporate projects and pumps n dumps.
My point is LN is not being used on a wide scale. If it were to be all the problems would be glaring. You have to be online to receive payments and you need money to receive money, just these two alone are a non-starter for 99% of people. Not to mention you have to run a BTC node and an LN node to open a channel, if LN is ever used it will be fully custodial. The LN whitepaper even says the base chain would need >100MB blocks for LN to work on a wide scale. It is a dead end and a stall tactic.
BTC has been diverted from the original plan of making it a p2p e-cash into “digital gold”, every decision and advancement BCH has made improves the e-cash use case. I am of the opinion that bitcoin needs to have instant ant extremely cheap transactions that is why I am in BCH.
BCH has been under constant attack for years following the split, because BTC has been favored by the banking cartel with their unlimited resources, and had to split two times again because of bad actors, about 3 years ago things have settled and the tech has rocketed ahead, it is vastly superior to BTC. It will take some time but people that are in BTC who believe Bitcoin should be like cash will switch to BCH, especially as they see no real adoption and the failure of LN become obvious.
Once transactions are instant and near free on BTC then I will admit I was wrong.
I am asking all users to stop using coinbase.
LN is total trash and does not work 50% of the time and will be fully centralized, which is the only way it can work 100% of the time. 0-conf is fully secure on Bitcoin Cash use it all the time with no issue.
No need to check mempool when using the real bitcoin, you just send and it works 100% of the time with minuscule fees.
The BTC narrative is falling apart as people who can still think see the chain going nowhere in innovation. Price is pumping because ignorant fools are pilling in at ATH.
I would recommend converting some of your BTC for real Bitcoin ahead of the inversion.
and sometimes it’s $5, then there is a requirement to wait for confirmations which BCH does not have thus makes payments instant as Bitcoin was designed to have. The point is BTC is crippled on purpose to be unusable as a reliable payment system as not to threaten the bankers monopoly over currency.
You were saying…?
Avoid BTC, transactions are unreliable on this network. Best to go with Bitcoin Cash (BCH) where next confirmation is guaranteed due to proper engineering.
BTC fees shoot up every couple months and it becomes completely unusable and you just have to wait a week for it to clear out, this is a currency that has failed. The price mania is fueled by people who have never sent a bitcoin transaction, they just hit the buy button on an exchange, they do not yet realize what they are buying is a fake. Eventually reality will set in when BCH dominates the transaction volume and it becomes obvious that BTC is fool’s gold.
As long as BCH upholds the original design of Bitcoin, which is peer to peer decentralized e-cash then it has not failed. BTC has already failed in that purpose. When will you admit this?
The miners are just waiting for BCH to recover and they will jump over to it ASAP. The future of BTC is shaky because it will require crazy price increases to be sustainable due to the sabotaging of the tech rendering it useless as a currency. BCH can process millions of transactions per day which will sustain miners in the long term.
The market decision is currently based on censorship and propaganda. Don’t be a lemming be a market maker.
Sound like some religious maxi sentiment. Objectively Bitcoin Cash is a much better coin than BTC.
BCH upgrades have blown past BTC, BTC is now looking like the scam - https://minisatoshi.cash/upgrade-history
Tether is being used on a massive scale by large scale drug traffickers
So they moved from USD to USDT, both are criminal scam coins.
Don’t reply to my post next time, clown.
That is good info and advice but people have to start pointing out that the US is run by criminal thugs and they have designed an oppressive system to keep you from escaping, with immensely complex rules to make sure they can execute violence against you at a later date if they please.
Again if it was simple “tax fraud” they would had engaged him about it in less than a year after the fact. This was 10 years ago. The criminal state is using the IRS mafia and trying to retaliate against someone threatening their criminal enterprise.
Tax issues are not criminal offences, you cannot exact violence against someone because you believe they owe you money. Scumbags do this, hence the state is a scumbag cabal.
This is not about the IRS smelling millions, if it was they would have gone after him years ago. This is political, the established order are terrified of the information he is spreading and activism he is engaged in.
Right after he released his very popular book called Hijacking Bitcoin on how BTC was taken over by banker interests and it’s technology crippled so it could not be used as a payment system which is far superior to banker controlled legacy currency, they pounced on him. The IRS is a criminal mafia organization, and the “income tax” is slavery by definition.
This is must see information for anyone who thinks they know something about Bitcoin, your face will melt when you find out the truth.
Hijacking Bitcoin: by Roger Ver https://odysee.com/@Pantera:f/HijackingBitcoin:7
I hope you are right and it is fixed ASAP. The problem is that existing capacity is fine until there is a spam attack ten it’s not fine. Monero needs to be able to do a minimum of 1 million tx per day without issues otherwise if there is an adoption boom and an attack the network will fail.