Comment Re:Must I say it? (Score 1) 41
If you're communicating with someone, that communication channel can always be flooded.
That would imply that the person I have a channel open with is flooding me. Highly unlikely and most probably not in his best interest either.
As for whether you use Tor or not, that depends on the level of privacy you want probably, but is not a requirement for not having a public IP address. You can run a LN node from behind a NAT without port forwarding or tunneling. Most mobile phones will probably be in such a situation. Only problem is that other people will not be able to find your node directly. You can still open channels to theirs though.
Comment Re:When will slashdot stop pumping Bitcoin (Score 1) 41
Comment Re:Must I say it? (Score 1) 41
Comment Re:Someone explain to me how I would use this SDK? (Score 1) 41
Comment Re:Must I say it? (Score 1) 41
Comment Re:Someone explain to me how I would use this SDK? (Score 1) 41
Comment Re:Must I say it? (Score 5, Informative) 41
Comment Re:With China and Iran out of the game (Score 1) 100
Like I said, you cannot expect it to go from 0 to world reserve currency overnight and in a straight line. This will take many more years.
Now look at a price chart with logarithmic price scale, zoom all the way out (I suggest the BLX ticker on TradingView for that), and tell me in which direction it is going?
Bitcoin is only 12 years into this journey, and it is still on track to its goal. Whether it will get there or not in the end, is the big question, but for now it is still right on track. It could even drop to 15k in the coming months, and still the overall trend would be intact. I don't think that will happen by the way, but who knows?
Comment Re:With China and Iran out of the game (Score 1) 100
Comment Re:With China and Iran out of the game (Score 0) 100
Comment Re:Out of context (Score 1) 355
If you mean that Bitcoin's mission is to replace all fiat currencies in the world, replacing inflationary currency with a disinflationary (or deflationary depending on your definition of choice) hard money, so humanity gets used again to having a lower time-preference and is more incentivised to save money before spending it instead of taking on debt after debt... then you might be right.
But then it hasn't failed, but it is right on track to getting there. Keep in mind that before one Bitcoin isn't worth 5-10 million US$, we are still pretty early. Give it some more time. Until now it is behaving exactly as expected if it was to one day succeed in that mission.
Comment Re:Enough! (Score 1) 355
All blockchains (PoW, PoS, etc... does not matter) cannot scale on-chain. A blockchain is O(n) scalable, and that is pretty bad. It is completely impossible to have all monetary transactions in the world on-chain. But to think it should, is missing the point entirely.
The purpose of Bitcoin never was to replace existing transaction networks, nor traditional banks. If you read a bit about what Satoshi Nakamoto did and where he came from (being a Cypherpunk and adept Austrian School follower), you'd know that. The breakthrough invention of Bitcoin is digital scarcity, not a payment network.
Every-day payments can be routed off-chain by second layer solutions such as PayPal, Visa, traditional banks or the Lightning Network if you like a decentralized and anonymous solution.
What's important is that the underlying money (Bitcoin) cannot be controlled by central banks and is perfectly scarce... it has all the properties a good hard money must have for the first time in human history. And that of course is incredibly valuable. If you are not capable of seeing that, I can't help you.
Needless to say, not only the market disagrees with you, but also the likes of Elon Musk, Paul Tudor Jones, Stanley Druckenmiller, Michael Saylor, and a quickly growing list of investors, CEO's, hedge funds, etc....