Cryptocurrency: Falkvinge Wrecks Bitcoin-BTC Again, 12 Months Later...
zen at freedbms.net
Sun Mar 31 22:52:46 PDT 2019
On Sun, Mar 31, 2019 at 06:18:37PM -0300, Punk wrote:
> On Sun, 31 Mar 2019 18:45:31 +0000
> furrier <furrier at protonmail.ch> wrote:
> > Seriously, Falkvinge is annoying. Stop promoting him.
> > ‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
> > On Saturday, Marchi 23, 2019 9:26 AM, grarpamp <grarpamp at gmail.com> wrote:
> > > 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.
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