julian071
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May 16, 2016, 06:03:30 PM |
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OK good, that sounds more like it.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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adamstgBit
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May 16, 2016, 06:08:53 PM |
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Meuh6879
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May 16, 2016, 06:11:29 PM |
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ded
You have called a Judge, please wait ...
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adamstgBit
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May 16, 2016, 06:12:14 PM |
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Preliminary testing on the thunder network
Releves promising results
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Hunyadi
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☑ ♟ ☐ ♚
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May 16, 2016, 06:30:02 PM |
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Very very exciting news! It seems there will be many different Lightning Networks
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Blacula X
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Activity: 42
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May 16, 2016, 06:53:44 PM |
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thunder isn't useful for buying 1 cup of coffee its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee send 100 payments for each cup of coffee Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop. Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats: 1. Walk into Starbucks. 2. Buy a gift card for 100 cups of coffee, with BTC or USD. 3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder, 4. Profit!
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adamstgBit
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May 16, 2016, 07:09:47 PM |
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thunder isn't useful for buying 1 cup of coffee its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee send 100 payments for each cup of coffee Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop. Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats: 1. Walk into Starbucks. 2. Buy a gift card for 100 cups of coffee, with BTC or USD. 3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder, 4. Profit! i agree for coffee like TX, thats the way to go. but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
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adamstgBit
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May 16, 2016, 07:15:28 PM |
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Very very exciting news! It seems there will be many different Lightning Networks yes its good that there will be at least 2 teams competing for the best second layer solution. I'm still not sure i like second layers scaling, but at least there's a good chance this health competition results in a strong second layer.
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belmonty
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May 16, 2016, 07:27:56 PM |
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Very very exciting news! It seems there will be many different Lightning Networks yes its good that there will be at least 2 teams competing for the best second layer solution. I'm still not sure i like second layers scaling, but at least there's a good chance this health competition results in a strong second layer. Will thunder go from alpha to beta, then to release faster than it takes lightning to go to release? The one with the first mover advantage will probably win the competition. All the publicity I read was about lightning, and now it seems thunder might beat lightning to market.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10207
Self-Custody is a right. Say no to"Non-custodial"
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May 16, 2016, 07:31:19 PM |
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thunder isn't useful for buying 1 cup of coffee its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee send 100 payments for each cup of coffee Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop. Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats: 1. Walk into Starbucks. 2. Buy a gift card for 100 cups of coffee, with BTC or USD. 3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder, 4. Profit! i agree for coffee like TX, thats the way to go. but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal. I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions.
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adamstgBit
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May 16, 2016, 07:40:52 PM |
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thunder isn't useful for buying 1 cup of coffee its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee send 100 payments for each cup of coffee Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop. Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats: 1. Walk into Starbucks. 2. Buy a gift card for 100 cups of coffee, with BTC or USD. 3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder, 4. Profit! i agree for coffee like TX, thats the way to go. but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal. I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions. i can't be sure if it actually will work out like that. i know for sure you can open a channel make 1000's of payments and then close it. but AFAIK a channel is open between 2 poeple and only 2 poeple. IDK... its very unclear how LN will play out, and thats why i dont like it.
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GGALINff
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May 16, 2016, 07:46:26 PM |
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seeing a downtick - GBTC telegraphing a move down
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Blacula X
Newbie
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Activity: 42
Merit: 0
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May 16, 2016, 07:48:16 PM |
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thunder isn't useful for buying 1 cup of coffee its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee send 100 payments for each cup of coffee Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop. Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats: 1. Walk into Starbucks. 2. Buy a gift card for 100 cups of coffee, with BTC or USD. 3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder, 4. Profit! i agree for coffee like TX, thats the way to go. but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal. I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions. Each one of the "1,000 users buying coffee through the day" will have to buy a gift card open a payment channel with Starbucks. The only difference is Starbucks would have access to all the "gift card" money if sold gift cards, while no one would have access to BTC with Lightning. So not sure what you're trying to say.
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adamstgBit
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Trusted Bitcoiner
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May 16, 2016, 07:48:39 PM |
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I'm getting an itch to buy some coins
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Blacula X
Newbie
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Activity: 42
Merit: 0
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May 16, 2016, 07:50:57 PM |
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I'm getting an itch to buy some coins Last chance to by over 450. Buy now and cry later.
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Ted E. Bare
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May 16, 2016, 08:06:13 PM |
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Bitcoin Block Reward Halving Countdown: Only 55 more days!
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adamstgBit
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Trusted Bitcoiner
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May 16, 2016, 08:13:26 PM |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10207
Self-Custody is a right. Say no to"Non-custodial"
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May 16, 2016, 08:26:02 PM |
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thunder isn't useful for buying 1 cup of coffee its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee send 100 payments for each cup of coffee Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop. Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats: 1. Walk into Starbucks. 2. Buy a gift card for 100 cups of coffee, with BTC or USD. 3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder, 4. Profit! i agree for coffee like TX, thats the way to go. but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal. I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions. i can't be sure if it actually will work out like that. i know for sure you can open a channel make 1000's of payments and then close it. but AFAIK a channel is open between 2 poeple and only 2 poeple. IDK... its very unclear how LN will play out, and thats why i dont like it. o.k.... that's fair enough that channels are only open through 2 people (I guess bitcoin addresses).. so application of such, would not be nearly as pie in the sky as I am speculating towards...
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doc12
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Activity: 1284
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May 16, 2016, 08:27:34 PM |
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Volume is getting smaller and smaller. Everybody is holding his coins it seems.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10207
Self-Custody is a right. Say no to"Non-custodial"
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May 16, 2016, 08:28:49 PM |
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seeing a downtick - GBTC telegraphing a move down
We have not seen the whole price movement play out yet; however, it is a bit strange to see GBTC depreciate 10% during the same period that BTC depreciates less than 1%... whether that is a telegraph or not, it remains interesting to see how these various BTC related "markets" play out during volatility periods.
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