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A comment on Monopoly Without a Monopolist: An Economic Analysis of the Bitcoin System [pdf]. Parent comment

Re:Monopoly Without a Monopolist: An Economic Analysis of th... by rj123 on Thursday September 07, 2017 @08:39PM (#15197067)
That's unlikely. Bitcoin cash isn't accepted anywhere yet, and unlike Bitcoin it does not have Segwit, and thus no layer2/lightning network support. It's 8MB blocks only up the on-chain scaling from like 3 tx/sec to ~20tx/sec. That's a negligible difference when compared to credit cards, paypal, etc. Bitcoin will only ever reach that kind of capacity with 2nd layer lightning network, or something like it.
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Re:Monopoly Without a Monopolist: An Economic Analysis of th... by dajohnson89 on Friday September 08, 2017 @01:58AM (#15198166)
When will btc adopt lightning?
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Re:Monopoly Without a Monopolist: An Economic Analysis of th... by rj123 on Friday September 08, 2017 @03:24AM (#15198447)
Segwit was just activated on Bitcoin around two weeks ago. Among other things, segwit includes a fix for txn malleability needed to facilitate a lightning network implementation on bitcoin. The lightning network alpha release has been implemented on Litecoin, and has been on the Bitcoin testnet since the beginning of the year. My guess is it will go live before the end of the year, and adoption will ramp up next year.
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