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Deflaktor

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Deflaktor ,

Not even sure why I’m bothering replying to this bot, but guess misinformation should not be left alone

  • It’s not instant it takes a long time until enough confirmations have been done. It’s not even clear how many confirmations are enough.
  • It’s only instant if you use the lightning network. Lightning network is literally a traditional bank transaction mechanism on top of bitcoin. If you are arguing for using lightning transactions, what is the point of bitcoin in the first place?
  • fees are huge and will only increase in the future.
Deflaktor ,

I apologize, it looked like copy pasta.

You lock up BTC in a lightning channel, you can then send that BTC to anybody via lightning,

You can not send the BTC to just about anybody. Only to people with whom you have a channel open. If you want to send to anybody you need to hop through other channels using middlemen. That sounds very similar to the function of a bank.

Deflaktor ,
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