These are the bad posts, jbreher. I'll try the homespun solution, install docker and all.
I'd be interested in your Internet bandwidth consumption, should you be wiling to share. I will post some data, but don't hold your breath. I'll need some free time to install the thing - starting with Docker - and some more to figure out how to measure LN's bandwitdh tax unbundled from bitcoind's base requirements. Got any suggestions? Now we get to the "bad boy" part. My (perhaps flawed) understanding is that in the current implementation, all nodes broadcast all channel state changes to all other nodes. This is necessary, of course, as nobody yet knows how to do decentralized permissionless anonymous path route discovery.
That's incorrect. Nobody yet knows how to do decentralized permissionless anonymous OPTIMAL path route discovery. Heuristic methods with stored forward tables do work reasonably well. Several mesh-like networks work, without a single tear about being suboptimal. EDIT: not sure, but optimality (or substantial improvements on route length) could be achieved by permissioning just the network-shaping, route discovery functions. Permissions could be earned by showing reliability and revoked for rogue nodes that systematically misreport. For those playing along at home, you'll no doubt note that (should my understanding be correct), BW consumption scales at O(n^2).
I'm sure it will improve when the routing invention breakthrough occurs.
Of course - the clueless developers! D'oh, what an unforgivable oversight! The system they implemented is doomed. They chose the SAN (Spam All Network) algorithm for both route discovery and node state update. They slept during their networking lessons, or was it calculus? So they failed to notice that bandwidth grows quadratically with the number of nodes. This way, it's almost as bad as if one increased the block size. But who would ever think of that? Out of sarcasm: I'll never believe the protocol broadcasts data mindlessly. On TOR transport, link capacity is precious and doesn't get flooded with irrelevant data. I've never studied the matter in detail, but as an informed guess, I'd go for something like neighborhood broadcasting with empirical discovery of TTL (max distance for broadcasting, initially conservatively low). Once you've found a route that works, you keep it until it stops working - or TOR signals it's time to change circuit. Randomized timing etc. are all nice options to obfuscate things a little more and make network analysis harder.
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Those are the good posts, jbreher.
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I think it’s the requirement for an “always online” connnection. Just easier with cloud.
Don’t ask me to explain what happens if your node goes offline. I don’t know.
It enables each of your channel counterparts to broadcast transactions stealing the value you have locked up in that channel, for one. Amongst other ills. And gives said counterpart the chance to have their whole assets on that channel forfeited by you if anyone snitches on them within a week. I wouldn't try that. By the way, the phrase you wrote and I underlined could be read as meaning that there are several counterparts per channel. There are only two actors for each channel: yourself and the other end (counterpart).
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Going to get myself another for media files later this year.
I can't speak highly enough, or more practically recommend, Synology products, over any alternative, for media/file serving. Run two of their NAS' in my house and they are fucking bulletproof. Rebuilt/expanded their original volumes a couple times now as my needs grew, with minor issues (worst case was I had to ssh into a box, and manually shutdown services before fscking the main volume, to resolve issues that prevented me from further expanding). A friend whose opinion I highly value also has lots of praise for Synology. However, when he saw my units he fell in love with the HP and got one little later. I'm sure they make good products, but they have proprietary software, and that's a show stopper for me.
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Figure software RAID under Ubuntu is good enough (?)
software raid works but it requires some more knowledge and care. I had troublesome experiences with soft RAID under Linux (it was Suse at the time, not Ubuntu). On the other hand, zfs treated me very well. 3 hardware disk failures got recovered without a single glitch. I like the HP ProLiant MicroServers. 4 drives and nice remote management.
I have one of those, too. Definitely like it a lot. Going to get myself another for media files later this year. It keeps a decent temperature even in hot weather, which can't be said of some of my custom rigs. The remote management is quite nice indeed. Only drawback I've found: it's really slow to boot, but if you don't take it down daily you will barely notice. By the way, my unit runs FreeBSD/zfs. With timed snapshots and whatnots, I feel safe.
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Do you think it can be done? Any caveats, gotchas, likely pitfalls etc?
Along these lines, I'm looking to build myself a "proper" server to run Bitcoind and LND. Ideally RAID 10 for the boot volume, and RAID 10 for the blockchain/LND volume. Figure software RAID under Ubuntu is good enough (?) I would suggest a dedicated NAS with zfs (FreeBSD). Mostly like RAID, only better. A dedicated ethernet cable between server and NAS would provide adequate disk bandwidth. Or, likely, you could actually manage to run bitcoind and lightningd on the NAS itself. As for the form factor, there are dedicated cabinets that accommodate 1-12 disks, with little leftover space except for the motherboard.
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no cloud needed. cloud is not even mentioned in this tutorial. install docker on your linux system and run the commands from the tutorial. Hello vroom, I'd like some help. After some thought, I'd like to try installing lightningd along my already running bitcoind. Which means, I would like to avoid building one more copy/instance of bitcoind inside the Docker container. This probably means no private network between bitcoind and lightningd, but plain old loopback or similar. Do you think it can be done? Any caveats, gotchas, likely pitfalls etc?
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It's time to buy my friends My lowest limit buy is still unfilled, but if 10k breaks down it might go through. As soon as the stock market opens, I'm gonna eat a moderate loss on some underperforming stock and try to get myself some more cheap coins.
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(snip) Yay! Another quality post. I wonder why every LN howto I've come across involves cloud computing. Is building and running a LN node on a consumer grade box/connection unrealistic? It doesn't look that bandwidth-hungry, at least for now. More or less like a moderately active Tor Browser session, likely? no cloud needed. cloud is not even mentioned in this tutorial. install docker on your linux system and run the commands from the tutorial. Well, cloud isn't mentioned explicitly, but Digital Ocean is. I'll try the homespun solution, install docker and all. Thanks vroom!
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Yay! Another quality post. I wonder why every LN howto I've come across involves cloud computing. Is building and running a LN node on a consumer grade box/connection unrealistic? It doesn't look that bandwidth-hungry, at least for now. More or less like a moderately active Tor Browser session, likely?
Thanks for the props. I think it’s the requirement for an “always online” connnection. Just easier with cloud. Don’t ask me to explain what happens if your node goes offline. I don’t know. I do, at least qualitatively. In Alice's absence, some malicious counterparty (say, Bob) might try to cheat by broadcasting a previous channel state to undo his latest spend. However, if Alice - or anyone else, for that matter - notices and broadcasts the legitimate, later state as signed by both Alice and Bob, cheater Bob loses everything and the whole channel amount is forfeited to Alice. So you either have to stay online or hire some bounty hunter to patrol the network while you're away. Of course, the hunter gets a piece of the cake. The deadline for catching such cheating is one week. I believe a bounty hunter market will arise, with aggressive price competition. In principle, it should be possible to hire a multitude of hunters. The first to out the perp wins. No single hunter needs to be online 24/7, as long as there are enough of them (including Alice herself).
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Thanks, HairyMaclairy! I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.
“Bad news, detective. We got a situation.”
(snip) ...
Acknowledgements to /u/shichyah1 on Reddit
I enjoyed this. A Neal Stephenson flavored quickie. Yay! Another quality post. I wonder why every LN howto I've come across involves cloud computing. Is building and running a LN node on a consumer grade box/connection unrealistic? It doesn't look that bandwidth-hungry, at least for now. More or less like a moderately active Tor Browser session, likely?
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I’m wondering whether lightning might turn out to be the privacy layer.
Is lightning + TOR superior to Monero? Serious question. I don’t know the answer.
Not sure if the actual privacy with LN+TOR is actually better than Monero's, but I somewhat doubt it. However, the sustainability is much better. Monero's chain grows at a nasty rate, while as long as no channel has to be refilled/flushed, LN can theoretically not generate a single blockchain transaction. Or maybe we atomic swap tumble through Monero.
There are a few tentative mixing protocols that are LN native, but having atomic swaps with Monero would be a nice option.
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@thrax, @jojo69, @infofront - Thanks for the links!
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The lastest from Masterluc: Question: In past posts, you wrote that the price can hit low, and you advised to buy bottoms down to 8k. Is the scenario of dropping to 8k still in force?
Answer: I do not exclude that possibility. But on the wave like a zigzag correction passed. I think he's saying that a drop to 8K would invalidate his Elliot Wave count. Given his history of correct Elliot wave counts to date, that's quite unlikely. Can you please link the discussion(s) where Masterluc usually gives out his words of wisdom?
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Everyone on this thread should collectively pledge to ignore anything the Anti Semite posts for eternity. Responding to it serves no purpose.
Sorry, gentlemand. I got carried away. It happens once in a while. I was just picturing this guy with a kippah and curly long hair posting nazi bull under that infamous nickname and laughing while moving btc to the Tel Aviv Colonial Credit.
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And after cashing out, he's gonna send all the $$ back home - to Israel. Ta-dah!! Plot twist. He is a zionist jew, and he's been trolling us for fun all along!
Truly the dumbest conspiracy ever posted on this forum. Come on, I was just trying to dispel some drama. And you've got no idea how dumb I can get with my funny theories. I'm refraining from publishing them for the time being - just to keep social peace. You ain't seen nothing.
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Can you please explain why you are blogging on Steemit then? Are you ignoring all of your proceeds, or are you being a hypocrite? According to your activity, you are sending your proceeds to Poloniex quite regularly. https://steemit.com/@r0achtheunsavory/transfersWhere he's attempting to acquire more btc, of course. And after cashing out, he's gonna send all the $$ back home - to Israel. Ta-dah!! Plot twist. He is a zionist jew, and he's been trolling us for fun all along!
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Good afternoon bitcoin land.. Are you ready for under 9000 €?Well, my lowest buy order hasn't been filled yet. And I haven't sold my granny yet, either. Guess it means I'm ready. But but... Granny... I'm not ready for that. Yet.
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Back to sub 12k. What an aimless weekend.
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Is that a double morningstar on the daily chart? Uber-bullish sign. Hodl on!
If nothing else, terms like that is why nobody takes chartstrology seriously. Does "double" mean "two small central candles"? Chartstrology, indeed. I notice a couple doujis 18-24 days ago. Both inconsequential, right? (Correct me if I'm wrong, really. This far I worked it out by reading. The next, I just made up.) In case I worked it out right, how could an expert explain this small failure of TA? Prolly sumthin like the 8/13 Fibonacci in the second house... oops, wave, eh? EDIT Oops sorry guys. Only after I replied did I read xhomerx10 reveal he made it up first. Chapeau.
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