dont feed the fkn duck. Its fowl to do so
for teal. what a quack  |
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But was the Lightning network really designed with having the nodes earn "profit"? Did the developers not say that Lightning will have "unfairly cheap fees"?
Nodes operated at a loss would depend upon charity and altruism in the community. I think it is reasonable to assume that nodes will only be run at a profit. But I think it is also correct to expect that routing will still be extremely cheap even if it is done at a price on the margin of satisfactory levels of profitability for node operators. Essentially you are just going to be paying somewhere between one and two hundred percent of the average cost of a node to a node operator divided by the number of transactions that he forwards. That should be minuscule. Something like 1/1,000th to 1/1,000,000th of the cost of operating a server. |
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Suggested edit: Lightning Network increases the level of anonymity privacy. |
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wonder what he's going to talk about - he's specialisation topic is adultery if you pay 1 million dollar for a Bill Clinton speech he will talk about anything you want. One isn't really paying for a speech in these situations. What is being purchased is 1 million dollars worth of Clinton brand political influence. What confuses me is, doesn't the ripple foundation realize that the Clintons don't really have any political influence left to sell? |
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This demonstrates:
1. Lightning isn't perfect as per the 2015 original specification
2. It can be improved, and the developers know what the weaknesses are and are thinking carefully how to redesign optimally
It will take time, but the end product should be easier to use than regular Bitcoin clients. And this will be huge for Bitcoin's competitiveness as a currency, it could be like using gold with a debit card, where the actual bullion is under the complete control of the individual.
I think we all know that this person did not pull enough liquidity from the system to make it technically impossible to route payments that were not marginally large. It's just that there wasn't sufficient liquidity to overcome the shortcomings of imperfect routing. I'm skeptical that full client side routing may end up not being practical. Perhaps a hybrid system where a satisfactory level of privacy is achieved through onion routing while other hops in the routing are a collaborative effort? Not sure, just thinking out loud. |
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It’s not that much of a price drop. Why is everybody panicking like a bunch of pubescent teenage girls? Strap on a fucking sac. HODL  Haha. https://www.youtube.com/watch?v=N1NupxasQWs
I just want to get all of my money off of these banks and exchanges and into wallets under my complete control. I should not need to ask permission or jump through so many hoops just to get access to "my money".
I told this story before so you may have heard it, but I think it bears repeating, I'm sure not everyone saw it. Wells Fargo down right refused to wire transfer money from one of my accounts because "it came from coinbase". People are oh so worried about the risk in crypto as they whistle past the grave in the legacy financial system. |
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You claim, “I understand a lot.” But you’re unable or unwilling to do a Google search: I was talking about the Bitcoin protocol...  *edit* Yea I don't know. I've been fiddling around with the links for a while now and I still can't figure out the answer to my question. The reason I'm not impressed that his "peers at wikipedia" rebuked him is that I know wikipedia is full of left wing culture warriors. It's so bad that they libel people they don't like as "white supremacists". The way I see it is, if you are interacting with those people on a regular basis and somehow haven't managed to become embroiled in conflict with them than that is probably because you are one of them. Anyway, it's difficult enough that I think the burden of proof rests on someone who wants to use this as an attack against him, not just assumed that he did something wrong and anyone who wants to dispute it must dig through ancient archives. |
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Have you guys seen this service? https://lightningconductor.net/channelsIf you open a channel to: 03c436af41160a355fc1ed230a64f6a64bcbd2ae50f12171d1318f9782602be601@mainnet.lightningconductor.net:9735 with a size of 0.00250000 BTC or more we will open one back for 0.00250000 BTC.
Haven't tried it yet but it seems pretty cool. |
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1000 sats
Inexplicable. Plenty of routing info for that low of an amount. Can I try connecting to your node? |
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Could you tell us how much you have spent so far on the transaction fees? Opening over 170 channels must have been expensive.
I'm not sure how to find that information out  I know it's a non-trivial amount, and hoping I recover the channel open fees in a couple months at this rate  Interesting. shitcoin.com just closed all their channels. Removing 42 BTC of liquidity from the network.
Confirmed inability to pay lightning.spin and this is the first time I have been unable. Curious. I have a 0.01 BTC route to lightningspin.com. How much were you trying to spend ? 1000 sats |
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Interesting. shitcoin.com just closed all their channels. Removing 42 BTC of liquidity from the network.
Confirmed inability to pay lightning.spin and this is the first time I have been unable. |
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Is Hitler bashed more than Stalin only because he lost the war? Stalin was actually much worse.
 Suffice it to say Stalin genocided Christians Hitler genocided Jews. All children of god are equal but some are more equal than others. |
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Collectivizing based on something as shallow as skin color rather than morals, beliefs, or hell even politics is pure stupidity.
Not going to get into a drawn out debate here. I said my peace. Make a thread if you want to get into the weeds. |
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Collectivism is a good sign of weakness. It shows that you are not mentally apt enough to see people as individuals with their own thoughts and ideals. Instead you lazily put people into groups based on whatever criteria you come up with to ease your weak brain from needing to think too much.
Yea well the blacks collectivize and the hispanics collectivize and the Chinese collectivize. And all of them see white people as a collective group so they have no qualms about blaming you for the actions of other white people. If you choose not to collectivize with your people than you are going to get steamrolled by people who are willing to do that. It's that simple buddy. I would invite you to die on your hill alone, as an individual, trying to repell the endless tide of people who are willing to collectivize except that I need you with me because I don't want to die all alone on a hill taking my final comfort in that I was an individual at the end. So it's time to man up and stand with your people. *edit* I should make a clarification. I'm not an individualist or a collectivist, I'm a necessarian. It's liberalism, and the individualism that is part of liberalism, that lead white people to the success that we found in 16th through 20th centuries and are somewhat clinging to in the 21st. We should advocate individualism where we can and collectivism where and when we must. It's a bit like violence in self defense. You don't want to go around punching people all the time to solve your problems, generally speaking violence is bad, but you need to be prepared and willing to use it when and if you must. |
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You are right Rosewater.
All we have to do is agree with you in order to get free merits?  I mean, yes, of course, that makes perfect sense. What a good idea Rosewater. |
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According to this chart, bitcoin will be a full global currency between 2050 and 2060. Make it so.  |
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This is a binary question. There will be no waffling.
Haha  |
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Despite Trumps latest backflip, I am confident the Russian secret service is not funding the DNC.
I just can't understand how someone like you found your way to somewhere like this.  You do realize that this is a movement to force free markets onto the world whether they like them or not? It's like the most opposite thing ever to agitating for societies to be dominated by the state. |
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I didn't quite agree with this chart so I made some changes.  I start off with the assumption that fiat will be considered as cash or checkbook money depending upon which of those two puts it in a more favorable light for a given question but knock off a point for fungibility because of the need to switch back and forth between cash and check book money in order to achieve this. - first change to fiat fungibility mentioned above
- the original author put the cart before the horse on non consumability of gold, the main reason why gold is not consumed is BECAUSE of it's monetary status. If it became demonetized than it would become a consumable resource.
- checkbook money is very durable
- checkbook money is very divisable
- both cash and checkbook money are extremely difficult to counterfeit convincingly
- and of course the one thing that gold has that makes it even a contender in this race at all is it's 5000 year history of value. no matter how much you love crypto and hate gold you would be a fool to pretend that this isn't relevant
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