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RE: Using Bitcoin Lightning Network - Programmer explains

in #bitcoin7 years ago

The only worry I have with lightning network is how it’s predicated on participation by many people/nodes. With the increase in fees and slower speed over past year or so, most people have moved away from BTC as a daily payment method and as everyday we get more coins that can do the same or faster and cheaper transactions, I think lightning will find tough competition.
At the same time, no other coin has the name recognition that bitcoin has, and with so many new people entering crypto space, putting out the lightning as soon as possible will probably be best because the new people will be able to use bitcoin for daily payments which for most noobs will likely be the only coin they have even heard of prior to entering crypto.