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A comment on The senatorial governance of Bitcoin: making (de)centralized money. Parent comment

Re:The senatorial governance of Bitcoin: making (de)centrali... by FreeTrade on Tuesday January 07, 2020 @05:48AM (#21978785)
Lightning requires that both sender and receiver be online at the same time to transact.

Lightning was not ready when Bitcoin capacity was crippled by the aforementioned tiny cabal of developers in favor of Lightning.

Lightning remains unready, forever 18 months away from the promised usable technology.

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Re:The senatorial governance of Bitcoin: making (de)centrali... by DennisP on Tuesday January 07, 2020 @08:41AM (#21979794)
Lightning also requires funds recipients to monitor their channels continuously, to make sure they're not closed early with obsolete balances. At least you can pay someone to do that for you.
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Re:The senatorial governance of Bitcoin: making (de)centrali... by bduerst on Wednesday January 08, 2020 @11:50AM (#21993128)
Lightning is basically digital third-party checks.

There's a myriad of reasons people don't buy things with third-party checks.

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Re:The senatorial governance of Bitcoin: making (de)centrali... by alwillis on Tuesday January 07, 2020 @09:52AM (#21980404)
Lightning remains unready, forever 18 months away from the promised usable technology.

This is provably false. Lightning is huge and growing:

* more than $6 billion USD in liquidity

* nearly 11,000 nodes

* tens of thousands of transactions daily

* a growing ecosystem (https://www.lopp.net/lightning-information.html)

You can see the real-time stats at https://1ml.com/

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Re:The senatorial governance of Bitcoin: making (de)centrali... by mrb on Wednesday January 08, 2020 @02:43AM (#21989242)
Grossly incorrect stats you gave here...

There is only $6 million in capacity, not $6 billion.

Daily transactions are more likely in the few hundreds per day, not tens of thousands. Although this can't be determined with accuracy.

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Re:The senatorial governance of Bitcoin: making (de)centrali... by cedivad on Tuesday January 07, 2020 @04:25PM (#21985065)
*billion => million.
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