What is Bitcoin's Lightning Network, and How Will it Be Used to Fuck Us?

son-of-satire (69) in bitcoin • 7 years ago (edited)

It was the ignorance and apathy of our recent ancestors that brought the world to where it is today. They had an excuse for that, however. We do not. We, for the time being, have an open internet with the resources available to educate ourselves better. Perhaps then our descendants needn't wake up in a world driven by greed, vanity and unnecessary competition, and be forced to question whether we did enough to try and stop its progression.

This is very useful information that will likely become very relevant in the near future. I'd advise you watch it, and have your family, friends and followers watch it too. We will never be able to envision the tool that will be able to protect us all, if we don't understand the weapons they are using against us.

You should also do your own further research into this matter, for there is always more than two sides to every story.

bitcoin crypto lightning lightbringer lucifer

7 years ago by son-of-satire (69)

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amirl (63) · 7 years ago

So how steem transactions are so fast? Ans what about Dash?

son-of-satire (69) · 7 years ago

They are different currencies, with different blockchains.

aveshnaik007 (48) · 7 years ago

When there are transection Banks alway lay their hands.

gjones15 (52) · 7 years ago

This gives me an interest new perspective on Bitcoin cash... What's your opinion on BCH, @ son-of-satire?

son-of-satire (69) · 7 years ago

I shall write a post later about my thoughts on this issue. Makes more sense than spending 30 minutes in this chatbox. I will get back to you when it's done so you can know my thoughts, but, I am sure they are controversial.

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gjones15 (52) · 7 years ago

Sounds good... and "controversial," as in, i'm guessing you support BCH? (In my mind, that would be the "controversial" move, atm; but I'm pretty new to all this, so, I really have no solid idea...) As much as I may "dislike" certain people's appearance / demeanor, so to speak (i.e., Ver), that *doesn't" mean I don't think that enterprise will be successful... Which is precisely what I am predicting with BCH. I think there will be a rush to buy into it, out of BTC.

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david786 (46) · 7 years ago

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gjones15 (52) · 7 years ago

Very interesting. Thank you for this video, and the education on "lightening networks" and how they work.. Resteemed.

janecito (36) · 7 years ago

I am completely new to this cryptocurrency thing, but this doesn't sound good. 😒

moarafatshow (53) · 7 years ago

So the question is my friend, how do we fuck them back?

son-of-satire (69) · 7 years ago

I have already thought of a couple, and if you are serious, then I may be needing your help in the future.

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deliberator (63) · 7 years ago

I was thinking about this very thing last night, I came up with not-net, would you like to join in? I am going to make a server, and connect it via the cheapest form of wireless I can find, in Spain a lot of people had the internet this way. If my server is run by only a few trusted people, and we keep extending the range via people wanting to connect, then do we not create the second internet? if I have missed something let me know, if you want to help let me know, in fact if you want to also start this where you are feel free to do so.

son-of-satire (69) · 7 years ago

I don't know shit about networking- yet. But, I am advancing several projects this year, and will be needing to surround myself with those who know what I do not. Are you interested in potentially being part of a team of ethical entrepreneurs whose goals are to earn a lot of money, whilst having a positive impact on both society and the economy?

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deliberator (63) · 7 years ago

Yes, count me in. I am learning the hard way on the network, though willing to do this, for future generations to come.

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trevor.george (67) · 7 years ago

And anyone is surprised by this?

I've been saying this is what will happen since I found out about Bitcoin.

Of course the banks will take it over - this is their world. They operate in this space and have the knowledge and understanding (and money) to buy whatever they want, whoever they want, whenever they want.

The idea that the blockchain will set us free is childishly naive.

Technology can't set you free. Only you can free yourself, by the choices and decisions you make on a daily basis.

son-of-satire (69) · 7 years ago

Indeed.

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lesliestarrohara (64) · 7 years ago

Good stuff. I'm very wary of lightning networks, at least how they are being implemented with Bitcoin. Resteemed!

atmosblack (63) · 7 years ago

Holy shit!
I always knew that Bitcoin is broken and fucking with us, but now I finally know why! 😉
This is the most important video on this subject I´ve ever seen and I finally also understand the "Lightening Network" idea.
Thanks for sharing and I will gladly resteem this later - I really hope, that many people will see, how they are fucked by this shitty coin!!

son-of-satire (69) · 7 years ago

Quite the eye-opener, isn't it?

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spozone (49) · 7 years ago

This is one of the reasons why I say buy XRP ripple. XRP is being sold as the banks future way of transferring monies and if that be true perhaps a wise investment. Hell I may even invest in the lightening side chain thing too.. I mean really, I wish I had bought in to btc when it was $95/coin. If I had I would have cashed out back in December and bought an island of my own and a nice tractor. Maybe I'll get lucky and pick the right coin in the near future and at least be able to buy the tractor.

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bluudz (48) · 7 years ago

Interesting and disturbing. Will have to do more research on the subject. Thank you for sharing.

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novacadian (58) · 7 years ago

It's my opjnion that Bitcoin Cash is the real Bitcoin.

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