Re:Ending Bitcoin Support
by Operyl on Tuesday January 23, 2018 @04:53PM
(#16218114)
I keep seeing this brought up over months and months, but how close are we even to using it? Is the technology a thing yet? Or is it all white papers.
[ Parent
| on HN ]
I demoed [0] receiving one tenths of a cent's worth of bitcoin (0.00000010 BTC) instantly, and on Bitcoin's mainnet (not a test network).
I also demoed [1] purchasing swag from Blockstream's store [2] which is powered by their newly released Wordpress e-commerce plugin [3] that enables Lightning payments.
I did not screencapture the videos because Qubes dom0 does not come OOTB with screenrecording software, and I don't want to enable networking in dom0 to install software that does.
[0]https://twitter.com/notgrubles/status/955611467889422337
[1]https://twitter.com/notgrubles/status/954933507863863296
It exists in its early stages, but it's terribly impractical, hence no exchange or end user is in a rush to adopt it. Its design is almost like someone took a hard look at Bitcoin and concluded "Gee, this is not cumbersome enough for people, we need to make transacting a worse and more confusing experience".
Re:Ending Bitcoin Support
by VarFarYonder on Tuesday January 23, 2018 @06:17PM
(#16218827)
Here is a graph showing the number of lightning network payment channels on the bitcoin mainnet: https://p2sh.info/dashboard/db/lightning-network?orgId=1
Working implementations exist and are usable, but they are being very cautious before releasing to the general public.
Re:Ending Bitcoin Support
by brokensegue on Tuesday January 23, 2018 @07:03PM
(#16219121)
it's not useful for speculating on the price of bitcoin so few people will use it
You can buy coffee https://twitter.com/alexbosworth/status/955870434230132736