Quote:
Originally Posted by k0nr4d
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.
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You're right, the topic is Bitcoin scalability, but also being brought in almost every post is schilling of others, so we branched off a bit.
Back to BTC scaling via LN, it can do up to 1million tps, which is far more than Visa/MC and more/same as altcoins, while staying with BTC and support the Bitcoin network effect.
Quote:
Originally Posted by Alex BongaCash
I was just thinking on it... If one day all BTC coins will be mined and no coins will be left - mining farms should stop working. What happens then, if there will be no power for transactions of BTC?  |
Put a sticky note on the middle of your computer screen to "study Bitcoin!!!!!", you obviously don't have a clue.
Hint: miners paid via transaction fees.