Cryptocurrency: Bad Crypto Podcast, Blockchain Central Banks

[juan]

On Fri, 23 Mar 2018 20:21:10 +0000
Steven Schear <schear.steve at gmail.com> wrote:

> On Fri, Mar 23, 2018, 1:12 PM juan <juan.g71 at gmail.com> wrote:
> 
> >
> > > > Wu high rollin...
> > > >
> > https://cryptocurrencynews.com/daily-news/blockchain/jihan-wu-fund-blockchain-central-banks/
> >
> >
> >         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. 


> 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.


> (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. 

	




> 
> >         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.
> >