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A comment on Coinbase: The Heart of the Bitcoin Frenzy. Parent comment

Re:Coinbase: The Heart of the Bitcoin Frenzy by Frogolocalypse on Thursday December 07, 2017 @12:40AM (#15867879)
Using the blockchain for one-off payments between participants is never a viable solution. The establishment of lightning allows commits to be aligned with the long term relationship between two participants. Even after that relationship ends, a completely unrelated payment may be routed through your channel, earning you a micropayment. There was never a solution to that type of functionality with a 10 minute block creation schedule.

That went live on main chain two days ago.

https://www.youtube.com/watch?v=a73Gz3Tvx3k

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Re:Coinbase: The Heart of the Bitcoin Frenzy by bufferoverflow on Thursday December 07, 2017 @12:44AM (#15867894)
Blockchains are successfully used for one-off payments, even Bitcoin used to be. Not anymore. And Lightning doesn't solve that problem. Thus other cryptocurrencies will thrive as methods of payment, whereas Bitcoin will remain a settlement layer for recurring payments at best.
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Re:Coinbase: The Heart of the Bitcoin Frenzy by spookthesunset on Thursday December 07, 2017 @01:28AM (#15868111)
Ah lightning network, the vaporware that is always just around the corner...
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