Quote:
Originally Posted by jscott
The reason BTC has any speed/fee issues (at all, on-chain) are because it's #1 priority is decentralization, which allows it to exist. (see XRP & SEC issues, see history of UnikonGold, see e-gold, etc etc). Existing is what Bitcoin needs to succeed, and there are tons of people who would love to kill it. So decentralization is of upmost importance.
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Right but we're not discussing what's the better coin or why. We're discussing if bitcoin is scalable. It is, in itself, not scalable without the use of other networks like LN, etc. Saying that LN exists does not justify the slowness of BTC be it because of X or because of Y. Since you have to prefund LN to use that second layer on a one-off p2p transaction, then I could just as easily convert my btc to X, transfer funds, and the other side convert back to btc.