Ahh will it not show the address? And has it been like that for more than 2 weeks?

I was wondering if it was to do with the 2016 blocks you get to contest a channel's CT (Confirmation Transaction) broadcast to the blockchain.

NOTE: remember I'm trying to make the whitepaper more concise, people will question this part so it's helpful to have it even if it isn't directly related to why the lightning network as a thing and how it functions. If you want an argument about Moore's law feel free to open a topic .

My blurb:
    • transactions are sent over a series of micropayment channels (so payments can be made off chain).
    • Transactions are signed and broadcast across the bitcoin blockchain which allows for untrusted parties to send payments to each other. These are broadcast via a series of decrementing timelocks in order to increase security (this allows for malleability reduction as it means that a transaction can’t be double spent – for example: if Alice sends a transaction to Bob, Alice initially sends a transaction but Bob’s node crashes, Alice must wait for that transaction to become invalid before broadcasting a transaction from Alice → Derek → Bob, bob can’t then try to rebroadcast the old transaction for acceptance and cause Alice to lose the same amount of funds twice.

The Trouble Of The Bitcoin Blockchain
    • The bitcoin blockchain uses a broadcast protocol whereby all participants/nodes receive a copy of the state changes to the chain.
    • If this protocol is used for all financial transactions, significant lag may be caused on many machines (for example when updating the chainstate – the database of unspent transaction outputs)

Why the blockchain won’t keep up
    • Visa processed 100 billion transactions in 2014[2], based on standard micropayments currently of 2 inputs and 2 outputs using native segwit addresses ~280 bytes, would make for 26[2sf] terabytes of data a year. With 1 billion transactions, and the fastest searching algorithms (with self balancing trees or a balanced hash function) is 20 million searches for each transaction 1bn(log2(1bn)). Most processors are able to handle several billion tasks a second so 20 million tasks on their own isn’t too much of a problem but with the average of 300 million transactions a day that visa faced, this would be impossible for most computers to handle, and would trequire a clock speed of[3] 247GHz just to keep up with the current transactions, making resyncing impossible (as it is the point where the system can just about keep up with the transactions), there will be further complications to this such as memory recall times from disk (milli seconds), ram (micro seconds), cache and registers still take a few nanoseconds to access so will still cause issues with processing the sheer number of transactions.
    • The processing power mentioned above would price many people out of being able to run a full node and would mean bitcoin will be a lot more centralised. At the least, there could be many people running a node but with a recent chain copy if they have 1THz of CPU power or higher.
    • The increase in demand may lead to more centralisation and more third parties being trusted which means less people will have voting rights on the chain and those people have more power to drive up fees for transactions and can allow for custody of coins to be held by someone else (so they can spend your coins as they wish) or they can censor who can send funds on the blockchain too and ban or freeze a certain address for spending funds. They can also refuse to accept a transaction and rewind blocks to credit the wrong person for a certain amount in an extreme case.

It won't be a double spend then. Almost every time you do a double spend you have to know you've done it (on most wallets). I haven't found one that doesn't...

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Can you find the 2of2 multisig address then? You should be able to see where the funds came back into your account and you can just send that address or txid then.

It'll have a multisig input script if you want to know what it'll look like on a blockchain explorer but anything in the link posted is enough for us to find it.

Wel everyone wants smart tech and doesn't care of the repocussions so probably.

Hearing gen z whine into their alexa for a timer has become the new norm... (I wouldn't go anywhere near one).

Can I get a screenshot? Perhaps it's an issue that needs to be opened on github instead also if its directly linked with the program.

I could probably work out how to get rid of them but if you haven't found it on the gui after a bit of searching it's be a fairly unstable deletion and you're better off waiting for them since you'll sacrifice your channels funds trying to fiddle about with them so much.

I'm giving it a go anyway.

@tl you did an uncooperative close or a double spend?

Edit channel is open with 0.00392856

Gonna put a tokened response here to show I replied.

I'm opening up a channel with you and it should have 0.004 in capacity. I sent a low fee because its 4am here and I need sleep 😂. Sk it should confirm by the time I wake up.

Are you just trying to open a channel?

What address is funding it, can you look at it on a blockchain explorer?

I could try opening one with you but all I have is éclair?

Edit: opening a channel soon.

Congrats iaseko! (remember the inlaws aren't always right )...

Escrow address has been refunded (and so has darky): https://m.btc.com/e2915487c260b62f6081363be50b9c177c14cbd1dd464b665550ce7dd2e05098 Sunday at quarter to midnight

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Also gonna plug my lightning tutorials if anyone wants to hit the link in my "bio".

It's an arbitrary schematic.

1G - phone calls
2G - with texts
3G - with 2mbps data (afaik)
4G - with 20mbps data
5G - up to around 8 gbps of data afaik... None of the masts are yet configured to that speed afaik, most will probably be gigabit though at least the receiving transmissions will be.

It's for mobile network utility definitions (I can't grammar).

They're now charging extra for 5G devices but I bought my phone before it was a huge thing. Kinda surprised they didn't block it as part of a sales technique to buy a new phone (like they're doing now with them).

Hi, I'm going to be starting to post lessons on the lightning network availabe here: https://bitcointalk.org/index.php?topic=5217699.msg53607838#msg53607838

If you have any question on it or are a bit stuck with anything feel free to ask them here.

I've decided to start my topic here, I'll make a new topoic for my discussion and support stuffs: https://bitcointalk.org/index.php?topic=5217699.msg53607838#msg53607838

Click notify if you want an email when I upload but I'll try to stick to 8pm utc


Quote post to delete

I have seen little evaluations of the lightning network that cover the high level and low level content. I will attempt to take a look at the LN based on it's whitepaper and project the important parts I think are neccessary to give you a basic knowledge.

Please do not reply to this topic, any responses will be deleted, discussion topic can be found here instead: https://bitcointalk.org/index.php?topic=5217701.msg53607856#msg53607856

As my first pieces of advice, this may not be as comprehensive as you expect or it may be more than you can handle. I'm trying to condense a 70 page document into 14 pages that can be easily read and quickly understood, I will try to cover everything but may leave out some parts I don't find important or parts I think are covered elsewhere. I would encourage you to do your own research either alongside this or afterwards.

I noticed a lot of webcasters seem to do seminars at 8pm UTC so this will become the time I upload my lessons here. They should be short enough that you can fit two or three into a 10 minute period if you miss some days.

I would also encourage you to try if you want to learn more:
https://bitcointalk.org/index.php?topic=5184177.0 ← Timelord2067's Timely Test & Main-neT LighTning Loans to a "T" in 2020
https://bitcointalk.org/index.php?topic=5149962.0 ← Liberated: LoyceV's Legendary Little Lightning Loans
https://bitcointalk.org/index.php?topic=5186778.0 ← Free lightning tests by jackg

I got asked for a donation address so I'll post my staked one down here: bc1qdj5v2q8p398rdy6sexc0fapk4hcq0p54xz56ez - I don't expect to receive anything though.

The references I used:

number	type
main paper	https://lightning.network/lightning-network-paper.pdf
1	https://bitcoin.stackexchange.com/questions/64703/lightning-why-do-we-need-decrementing-timelocks-in-multi-hop-payments/78433
2	https://en.wikipedia.org/wiki/Visa_Inc
3	20 000 000 (number of searches) x 4 (2 input 2 output average) x 300 000 000 (number of transactions a day) / (3600x24 – seconds in a day) = 247 000 000 000 Hz

Edit log:
Revisions made on lesson #3 and #4 as per recommendations on script availability and precompleted forks

Why are there two code segments?

I can fill this and then send LoyceV a 6 hour request at 9am tomorrow if its any help (9am in my time is the time he posted here). Kinda wanted to try a 3 way thing anyway... See how it all works.

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nvm just realised it's testnet.

I was kinda talking about what sets this forum apart from most social media... Fud is attached and unmoderated in most others and for almost everything a fact is something you've determined to be true 6+6 is 10₁₂ but it's also 12₁₀ (it's an awful example but without the subscript both are true in different cultures). I know what you mean but if we add too many controls it can get too out of hand.

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@jetty, if we're not on firstName basis I assume that post wasn't for me 😂. But yeah moving topics as apprised to deleting them is a good way to go.


Hehe, I feel outed... 😂 Should've left a joke down there too.


You use the word you're allergic too quite a lot... You're going to start causing your reactions 😂.

But yeah I can see why it is. Mainly cryptocurrency guys are introverts for the most part and when stuff is written n down it can sometimes seem harsher than it is. Some other people just need external evaluation from strangers and they're always the ones to offend and cause problems too..
Yeah it's something that could've killed the forum off or at least surpress the drama and not let us find out information about users... I think a lot of funny conspiracies may have been propagated through here in the past.

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I can't edit quotes anymore on my phone...

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I'd disagree everyone's here for a profit, I don't think many of the long standing ones here are but I do think the thing that unites us is the interest in cryptos and their functions.

Well it was £10 for 5gb but they made it unlimited for customers with them for quite a while afaik.

I live in Cardiff, I think it's the only major city that enjoys this speed since a lot of others have businesses that take a lot of bandwidth (with card readers and stuff).

Yeah @coin I'm getting 50-70mbps now, back to slow Internet (and it's a first world fairly major city). Couldn't find averages but they'd probably have everything in their and not just mobile networks? Most people round here have gigabit WiFi so it's still slow on those standards.

@leo yeah thanks fast is giving aboit the same (and ahhhh that's netflix's analyser).

I was using speedtest.net on my phone and it seems to get a 117mbps download speed, is this normal? I haven't seen it that high before but it could just be me (it's normally around 50 but at midnight it went down to 10 so they might have upgraded the transmitter).

If it is accurate this is quite an advancement for data networks (I only pay about $15 for unlimited everything).

If you look at a lot of mainstream social media, they do a bit too well at trying to stop things like indirect hate speech and freedom of expression and this is something I think bitcointalk controls pretty well... While I don't appreciate hate speech, I think it's often best to leave it up and allow a community to attack that person or ideology rather than just remove it from the server and say "that's that mater resolved". (by indirect hate speech I mean when someone speaks out about something and it's due to a lack of public coverage that they feel the way they do) - it's obviously better to educate people more on an issue rather than just to delete it; but what mainstream social networks are about education these days?

But this is just an appreciation post for Theymos and the other mods who seem to have a very well balanced view on moderation of the forum (as balanced as I've seen anyway).

i don't endorse hate speach on any issue but sometimes you need a radical to get the message across and it helps to control ignorance

Local rule: don't quote post or reply to the one above all and his alts... Thanks

That's why I said looking at, NOT DOING!

It's a proof of concept in itself at least and demonstrates one use case...