Came across this video the other day and wanted to post it sooner but things got a bit crazy and most of my posts got voted in the negative. Hopefully, I can get back to sharing cool shit and doing some more tutorials.
I'm a big fan of Bitcoin, but I am also very jaded with the way things are going. It's almost impossible to use for anything but a large store of value due to the ever-increasing transaction fees and increased demand.
I'm not sure the lightning network is what we need to solve these problems and think larger blocks is one of the key solutions to the problem.
Either way, this is a fantastic video that explains what the Lightning network is and why it is not the solution.
How the banks bought Bitcoin
Lightning Network - Simply Explained
Another good video from a different angle that is worth watching.
My recent popular posts
- How curation rewards work and how to be a kick ass curator
- Markdown 101 - How to make kick ass posts on Steemit
- Work ON your business, not in your business! - How to succeed as a small business
- You are not entitled to an audience, you need to earn it!
- UFC Fight Pass and Steem Witness caught secretly mining cryptocurrency on their paid service
- Building a Portable Game Console