Scientastic
1 min readJan 5, 2018

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I see the Bitcoin Cash propagandizers are out in full force already. As the article said, BCH only picked the low-hanging fruit; Bitcoin developers were thinking ahead on a whole new level. Prepare to hear lots of FUD about how bad the Lightning Network is.

The Lightning Network is just a layer on top of Bitcoin which will allow people to instantly, cheaply, and securely transact with Bitcoin on an everyday basis. It scales Bitcoin on a whole new (almost) unlimited dimension.

Because it’s a network, the network effect will reinforce the value and utility of Bitcoin itself while making it harder for competing coins to just add LN and take away market share. Yes, there are cross-chain atomic swaps on LN, and that may give altcoins a place to play in the LN, but the main coin will still be Bitcoin.

Bitcoin Cash is a knockoff from a group of people who wanted to take the naive, linear scaling approach on the base layer. This approach works up to a point, but in the long run it would compromise one of the key aspects of Bitcoin: the ability for anyone (who is not a large bank or institution) to run a full node and securely confirm their transactions without relying on or trusting any third party.

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Scientastic

In Bitcoin since early on… still trying to figure this thing out! I’m also on Reddit: https://reddit.com/user/scientastics