Re: Cryptocurrency: Bad Crypto Podcast, Blockchain Central Banks

23 Mar 2018


      On Fri, 23 Mar 2018 20:21:10 +0000
Steven Schear  wrote:
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On Fri, Mar 23, 2018, 1:12 PM juan  wrote:
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Wu high rollin...
https://cryptocurrencynews.com/daily-news/blockchain/jihan-wu-fund-blockchai...
Not sure if grarpamp posted that link, but anyway I wonder
what he thinks about it.
wu is the monopolist, IP mafiosos producer of mining asics
for bitcoin. He's one of the persons behind the bitcoin cash fork.
BCash and its Bitcoin Unlimited ilk are doing the cryptocurrency
community a great service by researching and developing proposed
on-chain scaling solutions,
of course it's fine for them to compete with bitcoin and find
	out how on chain scaling works.
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which are surely more reliable, than the
current crop of off-chain solutions
but transactions on the bitcoin blockchain aren't exactly good
	for privacy. On the other hand, *IF* the lightning network works
	as advertised, with true p2p transactions, onion routing and
	whatnot then privacy would hopefully improve.
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(eventually off-chain is probably
the only viable solution to high-volume, low-cost, cryptocurrency
transactions).
sp there isn't a clear answer as to what to do now, because if
	'2nd layers' are needed in the long run, then starting to test
	them and use them now wouldn't be a bad idea. 


	for the record(again) I don't trust either of the camps. Both
	make some good and some bad points.
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And assuming tbat article isn't pure fake news, he's a
fucking retard who
"Plans to Fund More than 20 Blockchain Central Banks"
just in case the painfully obvious needs to be re-stated,
'we' don't need 'blockchain central banks' whatver the fuck they
        are.