Ending Bitcoin Support

#1

Post by uptown » Tue, Jan 23, 2018, 7:02 PM UTC

Re: Ending Bitcoin Support

#2

Post by brndnmtthws » Tue, Jan 23, 2018, 7:07 PM UTC

Is this a precursor to pumping their own shitcoin Stellar Lumens? I see they casually dropped it in there after naming a couple others to appear unbiased.

They claim to be interested in Lightning Network, but aren't interested in using it? That's a bit lame. Or a lot lame.

Re: Ending Bitcoin Support

#3

Post by glesperance » Tue, Jan 23, 2018, 7:07 PM UTC

Given that bitcoin isn't a medium of transaction anymore and a store of value this makes a lot of sense.

Too bad they aren't replacing this with another cryptocurrency at the moment.

Re: Ending Bitcoin Support

#4

Post by horsecaptin » Tue, Jan 23, 2018, 7:09 PM UTC

brndnmtthws wrote: post #2

Is this a precursor to pumping their own shitcoin Stellar Lumens? I see they casually dropped it in there after naming a couple others to appear unbiased. They claim to be interested in Lightning Network, but aren't interested in using it? That's a bit lame. Or a lot lame.

Why do you call it a shitcoin?

Re: Ending Bitcoin Support

#5

Post by mankash666 » Tue, Jan 23, 2018, 7:09 PM UTC

Ethereum transaction fees are still in cents. They should start supporting it as a form of payment.

Re: Ending Bitcoin Support

#6

Post by stanchion » Tue, Jan 23, 2018, 7:09 PM UTC

This is good for Bitcoin

Re: Ending Bitcoin Support

#7

Post by Waterluvian » Tue, Jan 23, 2018, 7:09 PM UTC

glesperance wrote: post #3

Given that bitcoin isn't a medium of transaction anymore and a store of value this makes a lot of sense. Too bad they aren't replacing this with another cryptocurrency at the moment.

Is the lack of replacement option an example of the "they will ruin it for all of us" or maybe an overall decrease in confidence in cryptocurrency altogether?

Re: Ending Bitcoin Support

#8

Post by nvk » Tue, Jan 23, 2018, 7:09 PM UTC

They should have replaced it with Lightning Network, is amazingly fast and cheap and works on top of Bitcoin. I'm running a test node, this stuff really works!

> Lightning is a decentralized network using smart contract functionality in the blockchain to enable instant payments across a network of participants.

In case you are curious https://lightning.network and another good resource here https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_n...

Re: Ending Bitcoin Support

#9

Post by kevingadd » Tue, Jan 23, 2018, 7:10 PM UTC

mankash666 wrote: post #5

Ethereum transaction fees are still in cents. They should start supporting it as a form of payment.

Wouldn't that just contribute to Ethereum transaction fees getting higher, so they eventually have to remove it? They'd need to move to a cryptocurrency with better scalability (something eth might have in the future, but certainly doesn't have now)

Re: Ending Bitcoin Support

#10

Post by glesperance » Tue, Jan 23, 2018, 7:11 PM UTC

Waterluvian wrote: post #7

glesperance wrote: post #3

Given that bitcoin isn't a medium of transaction anymore and a store of value this makes a lot of sense. Too bad they aren't replacing this with another cryptocurrency at the moment.

Is the lack of replacement option an example of the "they will ruin it for all of us" or maybe an overall decrease in confidence in cryptocurrency altogether?

One could presume it's because they want to add XLM ; and want to appear unbiased for now.