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    Author Topic: Bitcoin lightning torch reaches Iran  (Read 170 times)

    • Unblock_news (OP)
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    March 07, 2019, 09:44:12 AM
     #1
    The on-going experiment of the Bitcoin-based payments technology finally reached Iran despite hesitations over international sanctions on the country.

    Read full article here: https://www.unblock.news/news/bitcoin-lightning-torch-iran

  • franky1
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    March 07, 2019, 10:11:03 AM
    Last edit: March 07, 2019, 10:34:53 AM by franky1
     #2
    LIGHTNING is NOT bitcoin based

    lightning is a separate network.
    lightning did not change to become bitcoin compatible.
    in fact bitcoin had to change to become lightning compatible

    lightning is not even a system that is tethered/locked to only bitcoin. it offers nothing unique to only bitcoin. lightning allows other coins to use it.

    the only purpose to continue promote lightning as a 'bitcoin' experiment is to give corporate guys some 'bitcoin buzzword fame' by linking the separate non blockchain network to a flimsy reason to use the word "bitcoin" as much as possible in the hopes of promoting it

    bitcoin gets locked on the bitcoin network.
    after that people are then playing with 12 decimal PEGGED tokens, which due to lack of confirmation when payment is made end up being IOU's until the hope that finally th pegged token is then aggregated and used to crate a bitcoin broadcasted transaction that actually gets into a block(if you write a cheque. is the IOU paid at the signing, or when the cheque clears and the account is settled)
    I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
    Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

  • ukloonion
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    March 10, 2019, 12:19:49 AM
     #3
    If you guys read the article there is a very significant paragraph:

    Quote
    Sadr later sent the torch, then worth 3,730,000 satoshis, to Bushido Labs founder Sam Abassi, who is also Iranian. Abassi later sent the 3,740,000 satoshi-worth torch to Bitcoin Embassy based in Tel Aviv, Israel.

    A collaboration between Israel and Iran is extremely rare but love of bitcoin brings them together. See BTC is not all bad Wink
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  • Beerwizzard
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    March 10, 2019, 08:06:11 AM
     #4
    The problem is that Iran suffers not because they don't have access to some source of payment to buy some goods from abroad. Even if they buy something with Bitcoin then the seller will immediately get under the US sanctions and probably go to jail. It will not help Iran to avoid international sanctions.
    It should work the same way with and without LN. Transaction speed doesn't really matter with international transactions.

  • ribowo76
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    March 10, 2019, 08:26:02 AM
     #5
    Apart from the Iranian problem, I am personally very pleased with the development of the bitcoin lightning torch test. It feels like it's getting closer to what we expect, namely the global payment system using bitcoin

  • longbtcdev
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    March 10, 2019, 11:15:08 AM
     #6
    amazing! has someone a list where the LN torch has been?  Cheesy
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