Quote:
Originally Posted by Reiwa
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And LN has been promoted since like 2016 or whenever that crazy speculative high was.
4-6 years have passed and bitcoin is still trash as a currency.
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BTW, the Federal Reserve Bank of Cleveland, your masters, disagree with you.
They released as a part of their working paper series a white paper: "The Lightning Network: Turning Bitcoin into Money"
https://www.clevelandfed.org/~/media...022/wp2219.pdf
Quote:
Abstract
The Lightning Network (LN) is a means of netting Bitcoin payments outside the blockchain. We find a significant association between LN adoption and reduced blockchain congestion, suggesting that the LN has helped improve the efficiency of Bitcoin as a means of payment. This improvement cannot be explained by other factors, such as changes in demand or the adoption of SegWit.
We find mixed evidence on whether increased centralization in the Lightning Network has improved its efficiency. Our findings have implications for the future of cryptocurrencies as a means of payment and their environmental footprint.
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Listen to and obey your masters.