Posts tagged "litecoin (LTC)"

Five Ways To Avoid Populist Flak

Populism is reaching fever-pitch. The corruption of our so-called ‘elites’ is worse than folk thought. I’m not a populist myself, but I do want a sharp course-correction. A few heads displaced by guillotine would not be out of order in my opinion. I won’t go on, because the Epstein saga is being covered by almost everyone at the moment. Here’s the question which got me thinking recently: We know that we aren’t part of the ‘elites’, but do they?

RBF Workarounds

RBF (Replace By Fee) is not going away anytime soon. RBF is a pox on bitcoin in blatant and subtle ways, as I showed in recent posts. We are stuck with customers waiting at least ten minutes for their just-purchased wares. Actually, we’re not. There are workarounds and they work really well. In this post, I will go over the two best in my opinion: bitcoin over Lightning (BTC-LN), and litecoin (LTC).

RBF, Elitism, and Crypto Purgatory

With crypto, you hit ‘send’, and your transaction goes to a kind of purgatory, and there it stays, waiting for the blockchain’s publishers to give it the thumbs up. That’s not the way I see it, mind you. That’s the widespread understanding. It’s no wonder that Computer Science grads push for shorter and shorter block-publishing times. Why spend too long in purgatory? I wrote recently about RBF for Bitcoin (BTC) and how it made BTC less usable as money. Now, I want to focus on how RBF puffed up this ‘purgatory’ misbelief. I will show how RBF unwittingly served the goals of Bitcoin’s competitors.