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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Nice  I would prefer if we close this week barely in the red (below $13.5K) for a nicer solid green candle next week. Granted. |
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Feeble weekend half pump starting?
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Going down again. The 12k didn't last. Might go now down to 8k according to many forecasts...
Maybe my last limit buy will trigger? At least until I get some fresh burnable fiat... |
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middlemen
metals as being a hedge
permissioned ledger or tyranny by default.
Now this is like Roach, but atypically missing any mention of evil Jews. Until some nerd gets into your PC, laptop, mobile and steals your private key, and what than? You are so hardly fucked with your "StoRe of Valu" because all your wealth gone. And what you will do? Go to police? They will tell you same "Gtfo to where you came from"
In proper bank in proper countries you will get your money back and investigation will trigger.
Or even better, when govs decide to block any Crypto activity. That is going to become a fork war of the decade!
Or fuck yourself, if Bitcoin would not be tied to USD and liquidity would not be tied to Banks in one or other way, you would be buying your fucking pizza for 10,000BTC, so fuck off you boy.
I think I'm only ignoring a couple noisy noobs at the moment. You're getting close to first in line among seasoned users. Go on punk, make my day. But let's do it later, shall we? Your coffee break is over, likely you'd better get back to work at your bank desk. |
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LOL, when BTC shills understand that their shitcoin as-well can be dump & pump no matter all bright stories abut decentralization, freedom and etc.
What a pathetic community
Is this roach? Don't think so. Writing style doesn't check. Opening "LOL" gives it off straight away. |
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We're weak ass ratt hands! Don't sugarcoat our failure.
Nice to see that phrase is taking off. I am a huge supporter, too!  |
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Todays trades...
buy btc at 9300 and sell at 11700 (will rebuy)
buy eth at 800 and sell at 1015
buy xrp at 0.92 and sell at 1.38
Tera2, you come across as a bearish troll, or as some would say a nutjob... but for once I have to subscribe. I would be much happier if I'd done that, by 1000 ratt's asses! There's no subscribption. These are completed trades. I wouldnt expect those levels (bottom) to be reached again today or for a while. I sound like a troll because I am always going against whatever the current market sentiment is. Coincidentally these are the same qualities of a good trader. I guess you need to be a troll to trade! And now... for my chainsaw juggling act. Oh gaaaawd!!!!!!  To what low levels have we traversed WO participants? Phew... I was expecting more violence in your retort. Maybe we got away with it only because juggling chainsaws makes for a better show than catching falling knives? Actually, as far as buying when it goes down etc, I must admit that would have been a really good move. My lowest buy hasn't been filled, I haven't sold anything on the little way up, and I didn't have the balls (or shamelessness?) to step into ETH or (God Forbid!) XRP. |
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Todays trades...
buy btc at 9300 and sell at 11700 (will rebuy)
buy eth at 800 and sell at 1015
buy xrp at 0.92 and sell at 1.38
Tera2, you come across as a bearish troll, or as some would say a nutjob... but for once I have to subscribe. I would be much happier if I'd done that, by 1000 ratt's asses! |
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