Charlie Lees loses bet to Roger VersteemCreated with Sketch.

in bitcoin •  5 years ago 

Another bad financial and crypto news for this week.

Around 18-19 months ago both of the guys were on blockchain cruise (a bitcoin party for known bitcoiners who met on a cruise ship) and made a friendly bet.

Coblee said Lighting Network will have more than 1000 stores using it and Roger that BCH will.

Video explaining the bet is here:

Sadly to us LN is not even close to the bet.
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So the win is on side of BCH and according to bet Coblee will have to wear BCH tshirt and promote Bitcoin Cash.

BTC > BCH

To be clear it doesnt mean BCH is more popular than BTC or better as within such bet vs BTC, BCH would lose. It was just about LN technology which seems is not the way network and users really want to go in current form.
Many people think

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5 years ago by

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    • [-]
      ·  5 years ago 

    Some Italian crypto youtubers talk about the Lighting Network, but for the moment I have not seen anything concrete. The most functional blockchain to seems to me STEEM, in my opinion it is also better than Ethereum.

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      1 vote
      [-]
        ·  5 years ago 

      The most functional blockchain to seems to me STEEM...

      Except for those governance issues. 😎

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        2 votes
        [-]
          ·  5 years ago 

        And an inflation rate comparable to the Venezuelan boliviar

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          1 vote
          [-]
            ·  5 years ago 

          I don't know if you are trying to be funny or if you really don't know what the inflation schedule of steem is.

          The rate that new tokens are generated was set to 9.5% per year starting in December 2016, and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years.

          Compared to bitcoin the inflation rate is high but the gap gets smaller over time (no where near the hyperinflation of Venezuela).

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            1 vote
            [-]
              ·  5 years ago 

            Thanks for the clarification. My guess it was an attempt at a hyperbolic allegory. 😎

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              1 vote
              [-]
                ·  5 years ago 

              I like those sometimes makes it easier to get through (parabolic allegory)
              But wouldn't give steem as an example of crypto well suited to be used as a currency in broader meaning of the term

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              1 vote
              [-]
                ·  5 years ago 
              Ok no worries you look at "schedules" I'll look at reality just over a  year ago had steem worth over 350$ worth about $30 now 

"Inflation-. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods."

              Yes u are right if u look at steem on its own rather than as part of global economy guess u could call it depreciation instead of inflation doesn't make your steem worth any more though

              "A rose by any other name would smell as sweet"
              -William Shakespeare-

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                [-]
                  ·  5 years ago 

                I get what you meant now. In this space when people talk about inflation they are referring to the issuance of new tokens as a percentage of the total supply not the market value.

                If you compare the current value to the all time high all crypto is down between 75% and 99%. But if you to compare to the all time lows steem is up 71%. I guess it depends on what your starting point is.

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                  1 vote
                  [-]
                    ·  5 years ago 

                  Ye Tell me about the price drop :)
                  I left for a new happy off grid life January 2018 with all my savings in crypto, guess how that went? :)

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                    [-]
                      ·  5 years ago 

                    Clearly, you're a bitcoin maximalist.😁

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                      1 vote
                      [-]
                        ·  5 years ago 

                      but i do have big love for money i can make them on BCH too ;) plus LTC love since ages

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                        1 vote
                        [-]
                          ·  5 years ago 

                        Perhaps one day we see BCH at least @ $1000, would you consider to hold some of it. At the moment I hold 0 amount of BCH.

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                          1 vote
                          [-]
                            ·  5 years ago 

                          I don't care what the price is. It's hard to take seriously another coin that stole the name, logo, and concept from the original bitcoin and then claims that THEY, the imposters, are actually the real bitcoin. Not to mention the fact Roger Ver has turned into a raving lunatic amidst this whole thing.

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                            [-]
                              ·  5 years ago (edited)

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