Re:The Lightning Network: Turning Bitcoin into Money
by hnthrow1010 on Wednesday July 13, 2022 @02:58PM
(#32087264)
But you know that most people wouldn't put hundreds of thousands of dollars in a system like that. It would fall apart if that happened. Also, I don't know how they could be happy with it given the extreme crash over the last few months.
Regarding my name: The short explanation is, I have a throwaway account in protest. If Satoshi's anonymity was enough to convince your friends to put down large sums of real money based solely on a hope, it should be enough for you to consider my (non-monetized) comments on this internet forum that's mostly pseudonymous anyway.
Re:The Lightning Network: Turning Bitcoin into Money
by samatman on Wednesday July 13, 2022 @03:59PM
(#32088035)
I was dismissive, and I did that on purpose, but I wasn't being sarcastic. Only time will tell which of you is right, all I've got is "eh. looks fine from here".
As for their happiness, I know people with a lot of Bitcoin, and I know a few people who are underwater on their BTC, but there's no overlap in those groups. They might feel a twinge around 7k, more likely, they'd buy as much as they can afford.
The fact that I personally know people keeping hundreds of thousands of dollar-equivalent-sats on Lightning, who are happy with that arrangement, is what I'm balancing against that guy on the internet with strong opinions with 'throw' in his name.
But hey maybe you know what you're talking about. It's possible. I don't.