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1  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: December 21, 2017, 09:56:20 AM
@ achow101: Thank you so much for your effort to cope for my questions! I very much appreciate that and have sent you a small donation.  Wink

(Perhaps it will take quite long until the donation gets to you since I've set the fee to only 75 satoshi per bytes. My hardware wallet suggested a fee at approx. 600 s/byte which would have resultet in a much higher fee than the actual donation. By the way, at 60 s/byte I've got the error mesage "mempool min fee not met". I didn't know there is a minimum fee.)

A big thanks also to nullius for the very enlightening additions!  Smiley

By the way, I also run a Bitcoin full node on a VPS.  Wink

Thank you for this very informative posts guys.

I wish you peaceful holidays.
Marcel
2  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: December 20, 2017, 12:38:03 PM
Ok, thank you. I wonder what this whole forum then is about in your opinion. I did search for answers but didn't find them yet. Yes, there is plenty of talk about LN and SegWit. But I didn't find specific information about the patent stuff, ZeroConf vs. RBF and so on.
3  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: December 20, 2017, 12:04:53 PM
"claims have been refuted already before, as is the case for the list of claims in your post." -> Great, this is what I am looking for. Could you perhaps provide me a link or two? Thank you.
4  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: December 20, 2017, 11:22:26 AM
@mda: Thank you for the link. But for my understanding it doesn't really cover the aspects mentioned above.

@R_crusoe: Thank you for the tip. But is it related to any of the above issues? I don't think so.

@ Carlton Banks: Thank you, too, for your answer. "If you believe everything you've said" -> I didn't claim that any of these issues are true. It was just a brief summary of some aspects of the mentioned letter so that you (or other readers) don't necessarily need to read the original source by yourself.
I'm just doing some research to find out what is true. I would appreciate answers in the form like "No, issue d) is wrong because of ..." for example.  Wink
5  Bitcoin / Development & Technical Discussion / Re: Concerns regarding SegWit + Lightning Network? on: December 20, 2017, 08:18:14 AM
Any ideas?
6  Bitcoin / Development & Technical Discussion / Concerns regarding SegWit + Lightning Network? on: December 19, 2017, 11:14:47 PM
Dear bitcoin community,

I'm an ordinary user of Bitcoin and shortly I came across some information regarding Bitcoin vs. Bitcoin Cash and I kindly ask for your support to help me to better understand these issues.

It was this open letter which got my attention: https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/

Some of the complaints of the author contra Bitcoin Core:

a) Bitcoin Core via the BlockStream team is too much influenced by investors like AXA. As a traditional insurance company AXA's interest may not be the best for the Bitcoin future.
Link: https://blockstream.com/about/#investors

b) The upcomming Lightning Network is patented software. The patent is held by BlockStream.
Remark: I have read BlockStreams explanation why they patent their software (https://blockstream.com/about/patent_pledge/). Which leads me to a sub-question:

b2) Wouldn't it then make sense for most Bitcoin devs and open-source devs in general to patent their software? Which I assume would not be compatible with the spirit of open source, would it?

c) The Lightning Network could impair the decentralisation of Bitcoin. Citation: "To reach anyone in a big network with a series of branching channel connections, you either need a large number of channels [-> users have to divide up their funds and can’t do anything except tiny purchases], or a large number of hops [-> everyone’s money will be tied up routing everybody else’s money]."
One conceivable solution: "the system depends on large centralized hubs"

d) The feature "Replace By Fee" broke the much more useful (for daily life transactions) feature "Zero-Conf". Zero-Conf would very quickly allow to see that a transaction is triggered. Instead with RBF a receiver of a payment needs to wait until a transaction is really processed by miners in order to be sure that the transaction will be made. Since with RBF a dishonest payer could overwrite a transaction and send it to a different address.

Further assertion of another author:
e) SegWit could decrease the security of transactions. (https://bitcrust.org/blog-incentive-shift-segwit)
As far as I understand with SegWit miners could be motivated not to verify transactions securely.

On the other hand:
f) In one video Andreas Antonopoulis explains that just increasing the block size (like Bitcoin Cash) is a too simple, short-term solution. If some day Bitcoin may have tens of thousands of transactions per second the blocks would be in the high gigabyte range - every ten minutes! Which could barely be processed by common nodes and lead to a centralisation trend as with mining today.


Ok, that's my amateurish summery. If anyone could reply to one or more of those issues and provide more insight I would be very thankful. Thank you very much!


Marcel
7  Local / Altcoins (Deutsch) / Re: Lohnt es sich noch groß ins Mining einzusteigen? on: June 24, 2017, 07:37:38 PM
Also wenn die Stromkosten null sind, wird es sich wahrscheinlich noch sehr rentieren. Es sind ja gerade die Strompreise, die Mining in Deutschland unrentabel machen. Die großen Miningfarmen stehen in Ländern mit billigem Strom: u.a. China, Venezuela, Island. Also wenn du praktisch keine Stromkosten hast, dann nichts wie los!

Frage: Wo gibt's denn so was, dass man Strom pauschal oder zum Nulltarif bekommt?

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