Showing posts with label Eric Finman. Show all posts
Showing posts with label Eric Finman. Show all posts

March 12, 2019

Bees against honey: why does the young cryptomillionaire Eric Finman not like the Lightning Network?


Lightning Network is one of the most promising solutions for Bitcoin scalability. Often it is also called the main trigger for the mass adoption of cryptocurrency in the world. However, the young Bitcoin millionaire Eric Finman does not recognize all the advantages of LN. Even more - he criticizes technology for lack of decentralization.

March 10, 2019

Bitcoin millionaire Eric Finman: Lightning will turn BTC into something like Mastercard or Visa.


One of the youngest bitcoin millionaires Eric Finman recently spoke in his Twitter account. He stated that Lightning will make the top cryptocurrency a semblance of Mastercard or Visa. Recall that in 2012 Finman invested $ 1,000 in Bitcoins, donated to him in honor of his birthday. Later, when BTC rose in price, he earned millions of dollars on them.

The young Bitcoin millionaire Finman begins his performance with the fact that Bitcoin is dead. After that, he says that Lightning will serve the bad role of the top-end cryptocurrency, turning it into a kind of Visa or Mastercard.

Finman also says that Lightning is not as centralized as the Fed, but it can create risks for decentralized Bitcoin with a probability of 12,000,000%. Although it must be said that not all representatives of the crypto community share the opinion of Finman. They advocate a protocol of the 2nd level.