my node also runs for about 4 months and has 17 channels. it forwarded 616 payments which collected 978 sats. i've set the basefee to 1 sat and no percentage fee for all channels. i played around with the fees in the beginning (thats why i earned more sats than the number of forwards)i only added the summary plugin to the node for now some weeks ago i wanted to rebalance a channel with a trusted peer (all of the balance is on my side, pushing over 50% and the peer sending the amount onchain back to me), but the keysend to the lnd node didn't work. i've sent christian decker an email with the logs and he said he will look into it to debug it, but i never heard back... it still isn't working apart from that i didn't have any bigger problems, but i am also not using my lightning node for a lot of my own economic activity at the moment (only some small donations) |
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cd lightning
git pull
git checkout v0.10.2
./configure
make -j $(nproc)
sudo make install
sudo service lightningd restart
you don't need the ./configure step if you don't change anything with configure /bin/sh: 1: mrkd: not found
make: *** [doc/Makefile:107: doc/lightning-cli.1] Error 127
Edit: It looks like sudo pip3 install mrkd solved the problem. I am not sure why I didn't need it before. mrkd is used to generate the documentation (manpages) from markdown files and before this release, the generated files were part of the source code. now you need to generate them yourself with mrkd |
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Does it say that Jesse Powell be implementing Lightning for Kraken soon, or is it just an article?
In December, they announced that the Lightning Network support was expected to be available in the first half of 2021. It looks like they are still working on it. i wrote their support an email and they confirm what you said. in my own words: they are working on it and they will support it soonish (whatever soonish means). the support basically said nothing new... |
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the p2p browser is scheduled for release in the first quarter of 2022
a p2p browser? we shouldn't try and reinvent the wheel there is this article from the ceo of the breez wallet, which i recommend reading: https://medium.com/breez-technology/lightning-the-internet-choosing-the-right-path-bedfa6382316i am all in favor for a lightweight lightning network and not some "frankenstein network" impervious tries to build. also all their claims are not verifiable, there is no source code (correct me if i didn't look at the right place). don't forget the saying: don't trust, verify on another point: saying the internet is centralised, just tells me, that you don't understand how the internet works |
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Weiß man eigentlich wie hoch die Bitcoin Bestände El salvador‘s sind? Seit der Adaption als Nationalwährung hat der Kurs ordentlich zugelegt und wenn sie da ordentlich was zugekauft haben müsste sich das doch für die Wirtschaft in El salvador sehr positiv auswirken?
ich glaube der letzte stand der von bukele publik gemacht wurde war, dass el salvador 700 bitcoins hat. aber ob das noch aktuell ist, weiss ich nicht. vielleicht wurde im geheimen weiter gekauft. natürlich kann die zahl auch nicht stimmen, denn zur zeit ist es einfach das wort vom präsidenten |
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According to this model, demand is not in the equation.
For you it is part of the equation, not for the model. For the model price is not the result of demand and supply, but ultimately only a function of S2F, or supply.
price is determined by supply and demand, isn't that a fact like 1 + 1 = 2 ? the model is wrong if it claims to predict the future price without looking at demand The model can be wrong for sustained amount of dollars, for sustained amount of times, but price will eventually hover around the model price in the long run, like a “dog on a leash” or “ drunk man walk”.
sorry i don't get it: why will the price eventually hover around the model price? |
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- The reference to CAPM, and in another interview to the Black&Scholes model, it is not meant to refer to their respective inventors winning the Nobel Prize, rather referring to the fact a class of models that don’t take demand in account does exist, and works, or worked, pretty well for a few decades. So, the lack of demand in the factors of the S2F model is not per se and indicator that the model is flawed
i fail to see how "a model exists that doesn't take into account demand" proves that the model predicts the future, ignoring one side of the equation it wants to predict (price is nothing else than supply and demand). more generalized: how do ~10 years of data and ~3 cycles from the past predict the future? especially if we don't know the demand, which of course is impossible, because no one knows the future... - S2F models, without taking on consideration the demand, has an explanatory power of the 95% of the variance of bit pin price. Hence, modelling demand into this, a really cumbersome task, would improve the model of only 5%, at a great complexity cost. Are you sure this is going to dramatically change the global picture? Take into account S2F has never been a trading model, only a “final state” model, providing long term predictions.
it doesn't provide longterm price prediction cause it won't hold in some years (planb himself said that) |
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OK, but can anyone in this topic assume that actual utility in the Lightning Network for users’ regular transactions is increasing? What is Bitcoin used mostly for? Sending to exchanges for trading, gambling, buying illegal drugs in the dark markets.
i can assume that...  any source for the bolded sentence in the quote? or do you assume too? |
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yesterday i watched an interview with pomp and planb (i watched it, mainly cause according to pomp his youtube channel was shortly deleted because of the video, although this is just speculation and the two hours were a waste of time imo)my critique would be: how can you predict the future price of something without taking demand into account? that is the second side of price. supply and demandOne of the most important tweet bt @100trillionUSD answering the most debated question: Why isn't demand factored in the Stock to Flow model? Some say S2F(X) model must be wrong because #BTC BTC price is determined solely by scarcity (supply) and demand does not play a role.
However Nobel prize winning Capital Asset Pricing Model (CAPM) determines asset returns solely based on risk (volatility, dd) .. no demand, no supply this is a rather stupid explanation. just because a nobel prize winner makes the same mistake doesn't prove it is the right thing to do i more or less read everything in here, but maybe i missed something. i am also no mathematician or someone with a statistical background. i am open to change my mind. the model might be right some more years, cause i think the demand for bitcoin will rise in the future. but the demand is still an unkown in the equation and doesn't "show the future". any thoughts? |
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Falls noch ein Slot frei sein sollte, würde ich diesen gern wählen. Mir scheint die Übersicht zu fehlen!  a - seek3r  damit sind alle slots voll (falls mich meine übersicht nicht trügt) |
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Glückwunsch zum Legendary, wenn es geht würde ich gern Spot 3 für mich beanspruchen!
3 hat schon souri frei sind noch: wenn ich es richtig gesehen habe |
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How much volume of transactions did Lightning have for those services last month, compared to its onchain counterpart? Are Lightning transactions increasing, month by month, giving more reason behind the utility of the Lightning Network? Or decreasing, giving reason to debate if the developers are just wasting their time or not?
the volume on lightning is not a public metric |
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willkommen zurück. ich bin dann wohl seither neu dazu gekommen (aktiv), kenne dich nämlich noch nicht. danke für das gewinnspiel!  BTC - ndalliard |
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Something is wrong before everyone corrects their behavior. When mistakes happen, some people learn immediately and change their habits, while others do not. But gradually, over time, there are fewer central points of failure and the whole thing becomes more resilient. A similar situation may arise here. If any of these primary nodes fail, people are more likely to use smaller nodes in the future. All I can suggest is to keep a close eye on it, see what develops, then make a backup plan if it seems to get worse.
i nearly reported your post. what are you saying? why should primary nodes fail? why should i make a backup plan after looking what develops? if what gets worse?  i am confused... |
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Where can we see any monthly/daily graphs/data on the usage of the Lightning Network? I want actual, regular usage/utility that would give good reasons for its own existence. Where is Lightning adopted, and how much transaction volume?
there are sites like 1ml.com or amboss.space. but the problem with these statistics is, that they are always wrong in telling you how much the actual usage is, cause by design no one knows how much a channel is actually used (except the two parties who opened the channel of course) as far as adaption goes, you could look into el salvador. they adopted bitcoin as legal tender and are using the lightning network (besides onchain payments). mcdonalds and burger king (just to name two unhealthy but known businesses... ) and others accept payments over lightning nowdamn, n0nce was faster... McDonalds? Burger King? I believe I’m in Bitcoin Land long enough to determine, and say that the Lightning Network has NOT been plentifully been adopted, because simply, not many users are wanting it over onchain transactions, and there’s almost no high volume Bitcoin services/exchanges that accept it. the context was el salvador. there you can pay with bitcoin at mcdonalds, burger king and many more "mainstream" businesses |
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Where can we see any monthly/daily graphs/data on the usage of the Lightning Network? I want actual, regular usage/utility that would give good reasons for its own existence. Where is Lightning adopted, and how much transaction volume?
there are sites like 1ml.com or amboss.space. but the problem with these statistics is, that they are always wrong in telling you how much the actual usage is, cause by design no one knows how much a channel is actually used (except the two parties who opened the channel of course) as far as adaption goes, you could look into el salvador. they adopted bitcoin as legal tender and are using the lightning network (besides onchain payments). mcdonalds and burger king (just to name two unhealthy but known businesses... ) and others accept payments over lightning now damn, n0nce was faster... |
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Shower thought, are the Lightning Network developers trying to build something that a majority of people in the whole cryptocurrency community doesn’t want? It has been years and years of development, growth of LN is there, but merchants, services, especially exchanges are very SLOW to adopt it. In fact, almost non-existent.
you seem to be not up-to-date. although you're right, the cryptocurrency community probably wants something else like gambling, lying, loosing money and so on |
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90 - ndalliard
thx for the raffle!
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~
like n0nce i won't go into details (although i watched the video) 1. the video is 3 years old. just keep that in mind. a lot happened since then. but you recognized that yourself, mentioning the quote from rusty which is 4 years old 2. towards the end of the video, he says something like: every attempt to raising the blocksize in the last several years have all been shutdown immediately which obviously is wrong, the blocksize was increased with segwit 3. looking at the other videos on the channel, that guy is/was clearly on the wrong site of history mostly ad hominem, i know, but sometimes i don't have the time for more... |
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yeah, danke vielmals - privnote link geschickt! |
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