Founders Fund Makes Bet on Bitcoin

Re:Founders Fund Makes Bet on Bitcoin by derefr on Tuesday January 02, 2018 @02:15PM (#16054509)

They could be going long on the bet that the Lightning network will go through and turn Bitcoin into something reasonable to use for transactions again.

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Re:Founders Fund Makes Bet on Bitcoin by wsc981 on Tuesday January 02, 2018 @02:34PM (#16054733)

I am betting on this as well.

If this happens and LN truly solves the big issues with Bitcoin (slow transactions, high fees), I truly believe the value of Bitcoin will sky-rocket.

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Re:Founders Fund Makes Bet on Bitcoin by theseatoms on Tuesday January 02, 2018 @03:06PM (#16055064)

This is my long-term expectation as well. The best criticism of "BTC as payment solution" remains fees / confirmation times. And the LN directly addresses this.

But who knows how long it'll take for a critical threshold of users to adopt LN payment channels.

And, of course, skeptics will just find another point of criticism, which is good because that's how technology evolves.

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