Re: Cryptocurrency: Falkvinge Wrecks Bitcoin-BTC Again, 12 Months Later...

On Sun, Mar 31, 2019 at 06:18:37PM -0300, Punk wrote:

On Sun, 31 Mar 2019 18:45:31 +0000 furrier wrote:

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Seriously, Falkvinge is annoying. Stop promoting him.

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‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐ On Saturday, Marchi 23, 2019 9:26 AM, grarpamp wrote:

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https://www.youtube.com/watch?v=AzaEd2RQuRw

vast majority of what falkvinge says is outright lies and propaganda. And the same time falkvinge forgets to mention the problems that his own altcoin(bcash) has.

In the case of bcash, huge blocks will lead to the system being centralized and controlled by a few players at best. In the case of lightning it's quite possible that the system ends up dominated by a few big nodes or 'banks'.

In the case of "Lightning" DC system, not only is it likely that the system shall end up dominated by a few big nodes, but that is its fundamental design and guaranteed outcome - the only real argument in the Lightning DC system is who out of current players dominates over the others - the Federal Reserve system banks, or the commercial players such as Facebook, Ebay, Amazon etc...

But with lightning it should still be possible for smaller players to provide routing. Now, if global govcorp requires their serfs to get a 'banking license' to run some p2p software on their personal computers, then we are obviously completely fucked and blaming the victim (the LN), like falkvinge does, is pretty stupid.

Well there's the heart of the problem. Existing power structures self proclaim to legislate away our rights. What do we do?

All in all, the 'scaling' problem in cryptocurrecies is far from being solved.