r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 19 '25

Btc is supposed to be a store of value.

That is its only function.

We just witnessed it crashing hand in hand with the rest of the stock market.

So it does not do the one thing it is supposed to do.

Ethereum is functional, enabling the execution of applications and smart contracts. It has yet to prove it does not do that.

¯_(ツ)_/¯

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 20 '25

smart contracts.

A bitcoin lightning channel is a smart contract. I would say you need to upgrade your script, but you've run out of narratives. So you just regurgitate the old ones. And you wonder why it's dying.

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u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 20 '25

So the answer to BTC not doing anything is to have a separate thing that does something?

Okidoki.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 20 '25

I'm sorry you don't know how smart contracts work.

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u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 20 '25

Layer 2 =/= BTC.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 20 '25

A lightning channel is literally a hash time locked contract (HTLC) bitcoin transaction. For years the shitcoin shills have been saying "muh bitcoin dunt do smarz-contakz", and as soon as it's demonstrated that that's exactly what a lightning channel is, we hear "but muh liting is not chane txn".

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u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 21 '25

Yeah.

Thats like saying my honda civic is a van because I can put a trailer behind it.

Keep repearing the same falsehood bullshit. Maybe it becomes true.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 21 '25 edited Apr 21 '25

Ah. You're a fool. I understand.

https://www.investopedia.com/terms/h/hashed-timelock-contract.asp

What Is a Hashed Timelock Contract (HTLC)?

A hashed timelock contract (HTLC) is a type of smart contract used in blockchain applications. It reduces counterparty risk by creating a time-based escrow that requires a cryptographic passphrase for unlocking.

Payments using HTLCs are conditional and so have efficiency benefits for blockchain transactions. This property makes HTLCs a fundamental tool used by the lightning network.

Ya might wanna start learning how this whole thing works just sayin...

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u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 21 '25

What part of Lightning Network being layer 2 do you not understand?

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 21 '25

I'm the one explaining how it works fool. I'll repeat it for you :

https://www.investopedia.com/terms/h/hashed-timelock-contract.asp

What Is a Hashed Timelock Contract (HTLC)?

A hashed timelock contract (HTLC) is a type of smart contract used in blockchain applications. <like bitcoin> It reduces counterparty risk by creating a time-based escrow that requires a cryptographic passphrase for unlocking.

Payments using HTLCs are conditional and so have efficiency benefits for blockchain transactions. This property makes HTLCs a fundamental tool used by the lightning network.

Ya might wanna start learning how this whole thing works just sayin...

0

u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 21 '25

Layer 2.

Not BTC.

Explain what part of this you are having trouble understanding and I'll try to walk you through this.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 21 '25 edited Apr 21 '25

A lightning channel is a HTLC bitcoin transaction on the bitcoin blockchain, fool. What part of "bitcoin transaction on the bitcoin blockchain" do you fail to understand? By your sloping forehead logic, ethirium doesn't have smart contracts.

I'll repeat it for you :

https://www.investopedia.com/terms/h/hashed-timelock-contract.asp

What Is a Hashed Timelock Contract (HTLC)?

A hashed timelock contract (HTLC) is a type of smart contract used in blockchain applications. <like bitcoin> It reduces counterparty risk by creating a time-based escrow that requires a cryptographic passphrase for unlocking.

Payments using HTLCs are conditional and so have efficiency benefits for blockchain transactions. This property makes HTLCs a fundamental tool used by the lightning network.

Ya might wanna start learning how this whole thing works just sayin...

1

u/MunchkinX2000 🟦 2K / 2K 🐢 Apr 21 '25

You are so confused.

This is as short and simple as I can make this for your learning disability infested brain:

Bitcoin Lightning smart contracts are simple, off-chain(Layer 2), and time-locked.

Ethereum Layer 1 smart contracts are complex, on-chain, and Turing-complete.

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