It's time to start ignoring the Lightning Network, just like we should ignore other lame projects

I know this post is self contradictory, because it's about LN, but I think in general, we've criticized enough.

We know BTC + LN will NEVER be p2p cash. At best it will be usable but centralized, so if that time ever arrives, the market will decide between permissioned/kyc and permissionless money.

We know LN sucks... And they are starting to know it too. They are not our competition. Fiat is our competition.

Let's move on... and focus on more adoption. Yes! More adoption please.

Edit: And I have nothing against BTC on it's own as a legacy crypto with a limited capacity. I just don't think it will ever scale.

submitted by /u/jonald_fyookball
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source https://www.reddit.com/r/btc/comments/djgih8/its_time_to_start_ignoring_the_lightning_network/

The State of Crypto Debates -- LIVE at 9pm EST!

submitted by /u/afriendofsatoshi [link] [comments]

source https://www.reddit.com/r/btc/comments/djfmeh/the_state_of_crypto_debates_live_at_9pm_est/

Bitcoin is no stranger to strong retraces a few months prior to its respective Halving.

submitted by /u/kaylaridley [link] [comments]

Current cheapest ways to buy bitcoin with USD

submitted by /u/chucknorrisjunior [link] [comments]

Quick opinion

I try not to inject my opinion to often but here it is today, with low volume and still holding 8k im going to say the market is showing maturity. Many people in crypto are refusing to sell/dont have the ability to sell. Im playing long game only, if it does go down any more im buying but i have set up my position already as though we have bottomed. If i have to ride it down any lower then im happy about that i just wish it would happen soon. Don’t wait too long if your on the fence becuase you could miss out. Yes its a gamble, but i feel we have the same odds of going down to 1k as we do going up to 15k.

submitted by /u/btc-future-retiree
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Theoretical highest value of BTC

I try to solve the math for the theoretical highest value of BTC!

The following numbers are for December 2017 and must be adjusted for inflation for the current year.

According to the CIA World Factbook, there were approximately 80 trillion US$ in terms of 'broad money' (M2 for the CIA World Factbook) in circulation on the planet in December 2017 when national currency units have been converted to US dollars at the closing exchange rate on the date of the information.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html

According to Statista, in the same period were 16.78 million BTC mined.

https://www.statista.com/statistics/247280/number-of-bitcoins-in-circulation/

This means that 1 BTC can get up to (80,000,000,000,000/16,780,000=) 4,767,580.45 US$ in value with total global adoption. This number goes up as inflation devalues the US$ after December 2017.

According to Fortune, about 4 million BTC or in other words about 20% of all BTC have been lost forever due to the loss of private keys. It is to assume that more BTC will be lost forever in the future. Thus, the (available) total number of BTC will decrease in one point in the (far) future.

https://fortune.com/2017/11/25/lost-bitcoins/

Taking permanent loss of BTC in consideration, a higher theoretical value of 1 BTC is (4,767,580.45/0.8=) 5,959,475.56 US$ or in other words 1 sat is worth about 6 US cents in December 2017.

A much higher value can be expected in terms of M3 or oven M4 once legal and technological difficulties have been solved regarding loans, government bonds, options, futures and other derivatives in BTC.

An even higher value could lead to new subunits of BTC besides sat.

submitted by /u/MyskJouron
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Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

submitted by /u/MayraOshields [link] [comments]