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Can We Trust The Bitcoin Lightning Network? Death of BTC or Saving Grace? Centralization Coming?





The Bitcoin Lightning Network is hailed as the most practical scaling solutions to turn BTC into a true peer to peer electronic cash. Is this the only way bitcoin can scale for mass adoption? What are the benefits that the lightning network provides? What are the negative risks that he lightning network will bring? Who is behind the lightning network and why do they have ties to the Federal Reserve Bank? Why are multiple celebrities and influencers suddenly supporting it? Today we take an objective look at the good & bad parts of the Bitcoin lightning network.
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⏰ Time Stamps ⏰
00:08 Introduction
00:48 What Is The BTC Lightning Network?
01:30 The Bitcoin Lightning Network Is Growing: Nodes & Capacity
02:22 Is The Lightning Network Becoming Centralized?
02:55 Lightning Network Nodes Are Becoming Easier To Set-Up
03:36 Risks of Running A Lightning Network Node
04;53 Many Wallets & Applications Being Built For The Lightning Network: Blue Wallet & tippin.me
06:24 Why Are Celebrities All The Sudden Supporting The Lightning Network?
06:51 Blockstream Is Behind The Lightning Network and Connected To The Fed & Banks
08:15 Conclusion

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**Disclaimer**
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

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41 comments

  1. ⏰ Time Stamps ⏰

    00:08 Introduction

    00:48 What Is The BTC Lightning Network?

    01:30 The Bitcoin Lightning Network Is Growing: Nodes & Capacity

    02:22 Is The Lightning Network Becoming Centralized?

    02:55 Lightning Network Nodes Are Becoming Easier To Set-Up

    03:36 Risks of Running A Lightning Network Node

    04;53 Many Wallets & Applications Being Built For The Lightning Network: Blue Wallet & tippin.me

    06:24 Why Are Celebrities All The Sudden Supporting The Lightning Network?

    06:51 Blockstream Is Behind The Lightning Network and Connected To The Fed & Banks

    08:15 Conclusion

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    👌👌Subscribe to The Chico Channel–https://www.youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw?sub_confirmation=1

    Reply
  2. Idgaf if btc on chain transaction fees stay low I'm not buying that fiat-controlled garbage. Make bitcoin cash again.

    Reply
  3. Lightning network is flawed. The 1MB bitcoin block limit is ridiculous. It was always meant to increase when needed.

    Reply
  4. Great vids Tyler, so on point with your content.

    Reply
  5. can we just keep btc as a store of value and tell these guys to f off

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  6. Love the lightning network. When such things ramp up celebrities start using it too. Some people would call it a dark conspiracy but others will call it mainstream adoption. If people wanted to use big blocks rather than off chain scaling then Bcash would be going for 3900 and Bitcoin would be 132. The market has spoken though. We want off chain scaling.

    Reply
  7. pitty the fools who catch his attention

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  8. Wow in one hand centralized system on one undermining what bitcoin stand for on the other hands if that happen my few btc will make me billionaire
    hmmm what a choice

    Reply
  9. pavil conrad al the way .

    Reply
  10. I think it's clear to see that DCG HAS ALREADY begun their strategy to influence and control 1 aspect of Bitcoin and it's an aspect that is growing stronger by the day which is concerning. I don't quite understand why developers would implement a system where those with more money can have more control, it's baffled me since the 1st time I started hearing about proof of stake coins who use the same system. In my opinion, it is against the general concept of what crypto used to stand for and for me personally, makes me wary of even supporting the lightning network. For now, I'm staying away from it… Thanks for the update Chico, peace out man…

    Reply
  11. looks like too much work and time for normal working people

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  12. You're the man dude! Love your conspiracy theories! Very entertaining… Hopefully things will turn out for the best for BTC and crypto… cheers!

    Reply
  13. This was a really good video but why do I get the feeling you copied one of mine? Probably because we discussed similar things. Massive growth of the lightning network capacity and number of nodes, bluwallet ease of use, Casa HODL. But you didn't mention the LN trustchain in this video. Also, there are many companies building the lightning network infrastructure not just blockstream. There's lightning labs, acinq, opennode, chaincode lab, joule, etc. Also, Jack Dorsey didn't suddenly get interested in Bitcoin and Lightning. He was already bullish for a long time. Last year around this time he said in a press that he believes bitcoin will be the world currency in 10 years. As one creator to another, I appreciate the effort you put in your videos though.

    Reply
  14. Damn

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  15. sure will do bro thx

    Reply
  16. Why is everyone obsessed with LN when we have Nano?!?!?

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  17. Great video man, exposes them all

    Reply
  18. energy flash!! research flat earth Bro thats where all roads lead….reckon u b 1of the best investigators on the plane! &big up Zeus Ammon! x

    Reply
  19. Bitcoin has again shot past $4,000 per bitcoin, giving fresh hope after been stuck in a bear market for over a year—the second weekend in a row the bitcoin price has rallied. The bitcoin price has struggled to break out of its long-running bear market so far this year, with investors and traders desperately trying to call a bottom to the tumbling market. But right now it may seem a false alarm since the price has tumbled below $3,900 again. Well, a careful study shows this is only temporary as bitcoin is poised for a steady uphill move. What this means is there is no better time to accumulate bitcoins than now. What do you do after buying? One school of thought says to hold onto for maybe 10 years and cash out when the value moons but that is risky in all ramifications. The safest thing to do so as to take full advantage of the crypto era is to buy as much as possible and then trade to increase your holdings which you would have to use a whole lot of money to acquire if you where strictly a hodler. Find a system that works and after testing, either as strategies or signals, be disciplined enough to stick with it. If you haven’t heard of Mr Samuel Garcia, I’d be surprised because he has one of the best systems of patterns and signals for trading. He actually taught me most of what I know and I made my first $100,000 using his system in just over 1 year. You can mail Samuel on samuelgarcia1481@gmailcom if you need some help and have questions about being a consistently profitable trader

    Reply
  20. t.qrl8.de/@ChicoCrypto test it and enjoy!

    Reply
  21. Or just use $Nano.
    LN is absolutely not mass adoptable.

    Reply
  22. Can you do a XLM update since new roadmap

    Reply
  23. the blonde in the yellow dress distracted me. what?

    Reply
  24. regardless of those endorsing the lightening network people will still be able to freely use the bitcoin blockchain. Lightening network just seems optional and not mandatory.

    Reply
  25. The crypto comeback in 2019 will surprise many. Projects creating real value will see large institutional and retail capital influx. FOMO will set in faster and spread further. The clock is ticking and time at the bottom is running out. Prepare yourself.

    Reply
  26. You must understand that there is one rule that will never change: People with 💰 and others, if FED can buy crypto with freshly printed Fiat. Why utopians are dreaming that it will help humanity to emancipate from Central banks. Bullshit! It is just another tool to make shit ton of money and sink the average Joe when the big ecomomic reset will happen.

    Reply
  27. Why not use bitcoin for your savings acount and litecoin for your chequeing?

    Reply
  28. Tyler… Their plan is to fuck up Bitcoin, because they know they can't stop it… and they are doing a good job so far, with all the LN crap etc. BTC is no longer Bitcoin… please DYOR on BSV community, not trying to impose my opinions, just dyor what BSV is representing compared to BTC and judge by yourself

    Reply
  29. Once again thanx for the digging Tyler. When Bitcoin implementing Mimble Wimble protocol?
    Decred warned about Blockstream and its undercover takeover on BTC back in 2016 when they forked.

    Reply
  30. Good stuff.

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  31. I think the banks are involved too, look at how its set up. Who can afford to have that much on hand?
    Piss off middlemen.

    Reply
  32. Great reporting!

    Reply
  33. No thanks Big Blocks thank you

    Reply
  34. all those connections to the deep state tell me that we are fucked.

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  35. LN is a trade off. If majority of capacity on the LN is centralized the only threat is censorship of my transactions, but I still have layer 1 to transact on if needed.

    I think the reason why bank people are involved is because they are smart and being involved in the thing that will over rule their system is better than not.

    Reply
  36. Very interesting Tyler, I particularly liked the two blondes in the background although I prefer brunettes.

    Reply
  37. Whether we like it or not? Im usually a fan of your videos but what you said about waltonchain is flat out false and wrong.. plus this was addressed a long long time ago and explained and debunked. Its a sad attempt to FUD and certainly doesnt take weeks of research to uncover lol. The silver lining is since your little video, theyve silenced your bullshit claims indirectly.

    Reply
  38. Who needs lightning Network when you got #DIGIBYTE #DGB #1blockchain.

    Reply
  39. Make a lightening dApp in a smart contract then we'll talk

    Reply

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