Bitcoin Lightning Network is growing day by day and the technology is really the future of Bitcoin. Today we install the wallet, look at the world map with all the lightning nodes on the testnet and buy coffee using Lightning Network!
Command that you need to write from screen:
npm --add-python-to-path="true" --debug install --global windows-build-tools
Guide:
https://medium.com/@jadmubaslat/bitco...
Free TestNet BTC:
https://testnet.manu.backend.hamburg/...
World Map Lightning Network TestNet:
https://explorer.acinq.co/#/n/03c4b20...
Starblocks - Buy Coffee on the TestNet using Lightning:
https://starblocks.acinq.co
Andreas Lightning Network Centralized?
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Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, diffenrent altcoins.
Ivan on Tech by Ivan Liljeqvist
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
Sir...You are clearly misunderstand lightning network....
If you care about bitcoin you should watch this video in full and educate yourself my friend
The video is called Bitcoin Q&A: Misconceptions about Lightning Network
I have good skills in both programming and economics, which makes me a wealthy guy. I am also a merchant, a user and a trader of cryptocurrencies. You can chose to beleive me or not, but I never say something with certainty without being certain.
Now, Andreas Antonopolous is one person I was very proud of in the past, and he also had the same views as me. Recently he has changed his opinion on many things and teach people the opposite of what he did before. For me he looks like he has been bought. Now, it is also relevant to mention he did not have much investment in this wonderful bitcoin that he so deeply beleive in.
If you want to educate yourself, this is a video I recommend to common people:
Ok, well you should listen to his video he is pretty open about everything and can teach you some things.
Ill listen to your clip
It's a lie!
I haven't detected any KYC code at LN hubs.
what lightning ....blockchain coughing when trnasaction inreased....bitcoin fees shoots up too......is it lightning
Free coins???? here https://indx.co.in/register?ref=85348503
Lightning Network is only for MICROPAYMENTS, not for big. It can be decentralized, if would be for bigger payments.
Recently i've read an article regarding this that some major bit coin holder transffered his all coins into BCH and said that BCH is future. Now your comment is also proving it true.
BitPay added BCH about a month ago. 🤔 Seems it remains about 80% less than Bitcoin.
No, they did not add Bitcoin Cash. I am speaking about BitPay for merchants obviously, not the wallet. The main thing that made cryptocurrencies popular and the Bitcoin have the price it has today, is the market effect and positive reinforcement loop of merchant adoption and users.
Shows how cool I am I guess, BitPay is just a wallet to me. I’d never toss my btc, more power to you, I’m comfortable with both.
No, not using Bitcoin as a currency is not cool. The title of the bitcoin whitepaper is "peer to peer electronic cash" not store of value. And there cannot be store of value without usefulness as a currency. I wish you good luck.
Thanks. So far, so great. You’ll never see me on here or anywhere else saying something like I traded all my bitcoin.... 👍🏿 I just checked my blockfolio and you’ll be pleased to know that both BCH and BTC still work against banks and still have me financially comfortable.
So far I haven't seen any KYC code in LN. Please let me know if you find any
Have a look at this article. It features some videos that dispel some fears around LN:
https://steemit.com/bitcoin/@xsid/the-lightning-network-is-real-and-it-s-almost-ready
done
Thank God, finally something good came out of bitcoin community after some long time.
You know what, my very biggest concern about bitcoin recently was how we are going to adopt it and start using it on mass level when we can't buy a burger at Mc'Donalds when we have to wait for 30 minutes.
You can thank Blockstream for making you wait 30 minutes at MC Donald. If they did not take over development of Bitcoin and force a redicilous 1 MB blocks size limit, you would be waiting only 5 seconds from making your payment til you would get that burger.
Yeah that is so true.
But now community is thinking to make it better so I am happy. At least something is better than nothing.
@ivanli, thanks for this awesome video, the lightning network is now clear to me, i used to have a great difficulty understanding this in the past but all is clear right now. The bitcoin community is a great relief to several questions about bitcoin.
Thanks man.
good comment ...good support
I didn't watch your video or read anything on your post. Can I have an up-vote please? Thanks.
Haha, this is classic :D
Is this part of the Sunday morning funny’s? Lol
Informative video but there is still the problem of price volatility, which means merchants will charge a high percentage to cover for the risk but will keep an eye on this though I must confess I would rather buy coffee with cash, 10 years from now I dont want to be that guy that bought pizza with 10,000 bitcoins haha.
Bitcoin as a currency can be used only if it hits crazy numbers like 1000000 USD. Then the volatility will be gone completely. Youll buy coffee with satoshi.
Hey Ivan, thanks for explaining lightning network! Looking forward to watching your video!
CU,
Chris
Suddenly, I have a strong urge for delicious blockachino☕☕! 🤣👌 👍
P.S.: Your video works fine, but the video "Andreas Lightning Network Centralized?" does not work.
Hey @ivanli great informative article. Would love to learn from you.. followed you and added you as a connection on LinkedIn.
Your explanation is impressive. Continue your good work. Cheers!!
Life made simpler with bitcoin so interesting that one doesnt need to move with solid cash i just love technology. Steemit for you to leran indeed
Hey Ivan. Thank you for this in depth explanation. I am not sure about all of the terms because I am really new to all of this but I do get the concepts and am learning more. I have also followed you to keep updated.
The currency of the globe
This is amazing bro
Nice thoughts
I knew that you would end up putting this type of video together. Thanks and much appreciated. I actually understand this stuff now. Not bad for someone who had no idea what all this stuff was about 2 months ago. Yaay for me. Keep the good stuff coming please.
Very good network
I heard from the developers you should not be using it as of yet its not ready.
You guys are doing a good Jon.keep it up while we try to catch up with the innovations.
Hey Ivan... Great video... thank you... I can almost imagine the day when we paying for coffees and donuts with bitcoin... #excited :)
Hi Ivan , we are really glad for this update . Hoping more updates regarding Bitcoin Lightning network. Great work , keep going. Thanks.
Buy art with btc lightning: www.lightning.lighting
That link doesn’t do go anywhere, you may want to check it.
If lightning network suceeds, then Bitcoin could become faster and most importantly cheaper to use. It can result in huge number of transactions without actually stressing the Bitcoin block chain. This would be seriously amazing
So basically, I can be tracked where ever I am.
I explained how to make money with Lightning Network nodes, in this article.
https://steemit.com/lightning/@coinsity/a-guide-to-make-money-with-bitcoin-lightning-network-nodes
I prefer Bitcoin Cash...the real BitcoiN?
Essential info. Thank you!
impressive
Hi Ivan !
Thank you so much for showing how to set up a node.
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.
Fantastic article! I've followed and up-voted your post i look forward to your future content!
For info and technical and fundamental analysis of Crypto's, an insight into how the whales manipulate the market and how to get involved in an exciting 12 month millionaire challenge we've recently started, check out @cryptobroye :)
When do you think all exchanges and wallets will use this lighting network technology?
Also, when it will be ready for people to use it easily?
If that happened, I duess that will effect positively on the price and many people around the world will come and join the crypto industry
Litecoin looking great!
Thank you Ivan for your time and information. However, kindly note that I will not upvote because I disagree with the banner you used under your video. It is a highly distracting visual noise. One of the reasons I loved steemit is the lack of visual ad noise. You do not need to use subliminal autosuggestion to promote your content and get more upvotes. All you need to do is create valuable content and people will appreciate it because they loved it not because of the consistent suggestion.
If many users did the same, steemit content will not look good. Remember, at the end of the day steemit is a revolution in value and content sharing. Lets keep our content pure and worthy.
Follow Blockchain-Group on Steemit.com !
-> https://steemit.com/@blockchain-group
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very good yes
Your link is very good.It spreads our knowledge.
thank you for the post, I like your information you are the best, I will support you and I will follow you))
Are you ever going to talk about Steem on your channel? Just sayin 😀
did this morning :)
Really, going to check it out :)
believe with this Bitcoin is only going to rock.. the network will become faster and faster which is actually very slow during the transactions. No pressure on blockchain... This is rocking thing.. thanx man
good post
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Sincerely speaking @ivanli, this is an awesome post. Any body want to advance in crypto knowledge should follow @ivanli. I could not hesitate join thesse links , upvote and resteem this post.
wow It's so nice, finally something goes well, @ivanli ! By the way does it tie up the parties Bitcoins until they finalize the transaction?
And thanks for the detail and including the extra videos as well.
I just followed you cause your posts seems to be informative post you can find similar crypto news on my steemit that might be productive for you too...
@reewy
Nice concept ivanli!!the world is really moving into cryptocurrency and i strongly believe that you are gonna make a great impact in it!
Just FYI,
The lightning network isn’t Ivan’s concept
I'm new to cryptocurrency so this was a very interesting read, Thanks!
Video not working... fail post. I'm sorry. Still thanks to my upvoters god bless you.
Lighting can solve two fundamental problems of Bitcoin. First, scaling, because not every coffee transaction needs to be recorded on the blockchain forever, and secondly, transaction fees, because off-chain transactions will be far cheaper and instant.
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
medium blog link is broken. Here is the right link: : https://medium.com/@jadmubaslat/bitcoin-lightning-network-node-easy-setup-tutorial-for-windows-desktop-users-a-how-to-guide-9937b5a8a669