Richy_T
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Activity: 2562
Merit: 2264
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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September 25, 2021, 07:55:11 AM |
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About LN, very interesting posts there, especially the long one by hisslyness (many thanks to him). I also remember Bob's struggle with LN some years back. I don't know... I've never set up a LN node or anything, so I can't have an informed opinion, but the feeling I get by reading about it, is that it looks cool, simple, fast, cheap on the outside, but is quite complicated and messy on the inside. Also, the constant need for pampering the node, in order for it to function properly, is not good. These are not good signs, and I fear that they may cause problems for its future/success. I hope I'm totally wrong on this. The whole thing brings back memories of Mike Hearn's blog post where he declares he's abandoning the Bitcoin project, and even jbreher's transaction limit posts here in WO... Don't get me wrong, I'm totally in favor of 2nd-layer solutions for micro-transactions and believe this is the future, but I sense that something may not be quite right (yet) in the current state of affairs in this matter. Just thinking out loud... Yes, LN has been undergoing ever-increasing rounds of complexity as it seeks to provide what Bitcoin does on-chain off-chain. There are all sorts of caveats, gotchas and pitfalls and the need to settle on-chain introduces some interesting limitations as discussed by Peter Rizun and the scope creep has been quite large also (LN was originally envisioned for micro-transactions). Unfortunately, the censorship initiated by Theymos also removed a lot of the warning voices regarding potential issues with LN from the community and a largely sanitized presentation has prevailed. Hisslyness's post of his experiences is not too unexpected really. I'm not going to make the obvious argument here because it's not helpful in context. It would be nice if LN could succeed but it seems to be very much an example of second system syndrome.
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aysg76
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Activity: 1960
Merit: 2124
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September 25, 2021, 07:57:01 AM |
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Thx for the "be good wishes"... Going home today Waiting for your and Bitcoins speedy recovery mate
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ChartBuddy
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Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 25, 2021, 08:01:25 AM |
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El duderino_
Legendary
Online
Activity: 2646
Merit: 12959
BTC + Crossfit, living life.
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September 25, 2021, 08:06:13 AM Merited by JayJuanGee (1) |
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When causing a 3-4% Dip Or thinking he’s the one who caused it…. BTC not affected !
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El duderino_
Legendary
Online
Activity: 2646
Merit: 12959
BTC + Crossfit, living life.
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September 25, 2021, 08:11:23 AM Merited by JayJuanGee (1) |
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We’re getting damn close to “shit or get off the pot” time for Bitcoin’s price. I think we’re going to see a big move towards the end of October and expect we’ll see a new all time high by November 2nd. Maybe that will be en route to a $200,000 Bitcoin exchange rate by the second week of December. Any variation from this path would have me getting concerned.
Would be awesome…. But if not like this, then “concerned” ?? That’s a bit hard imo…
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BitcoinGirl.Club
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Activity: 2912
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Bitcoingirl 2 is downloading 💓
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September 25, 2021, 08:18:48 AM |
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What's up fam!!!
I want to miss my home.
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shahzadafzal
Copper Member
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Activity: 1666
Merit: 3008
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September 25, 2021, 08:28:10 AM |
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Thx for the "be good wishes"... Going home today Get well soon bro… have a speedy recovery like bitcoin…!!!
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BitcoinGirl.Club
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Activity: 2912
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Bitcoingirl 2 is downloading 💓
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September 25, 2021, 08:33:14 AM |
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El duderino_! Have a quick recovery.
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ChartBuddy
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Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 25, 2021, 09:01:34 AM |
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bitcoinPsycho
Legendary
Online
Activity: 2618
Merit: 2369
$120000 in 2024 Confirmed
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September 25, 2021, 09:45:59 AM Merited by JayJuanGee (1) |
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fillippone
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Activity: 2296
Merit: 16448
Fully fledged Merit Cycler - Golden Feather 22-23
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September 25, 2021, 10:01:18 AM Last edit: May 15, 2023, 10:59:28 PM by fillippone |
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LOL! https://twitter.com/fillippone1/status/1441702678099341313?s=20Chinese Government made themselves hodler by law! Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government
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ChartBuddy
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Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 25, 2021, 10:01:26 AM |
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aysg76
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Activity: 1960
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September 25, 2021, 10:08:07 AM |
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The only fools are the panic sellers who sell away at these types of China FUD and weak hands selling off to the strong ones again. China be like : Ban all the people to hold bitcoin and then accumulate more yourself and gain more in the long run.Same chinese CCP worse policies to curb freedom and profits.
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shahzadafzal
Copper Member
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Activity: 1666
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September 25, 2021, 10:10:56 AM |
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wow that's something people need to keep an eye on... That'q equivalent to $8,322,404,632.50 I'm sure this is just another way to gobble up more bitcoins.
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 25, 2021, 11:01:27 AM |
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Syke
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September 25, 2021, 11:07:55 AM |
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I don't know... I've never set up a LN node or anything, so I can't have an informed opinion, but the feeling I get by reading about it, is that it looks cool, simple, fast, cheap on the outside, but is quite complicated and messy on the inside. Also, the constant need for pampering the node, in order for it to function properly, is not good. These are not good signs, and I fear that they may cause problems for its future/success. I hope I'm totally wrong on this.
This is an inherent flaw (how big or small it remains to be seen) in LN. Channel usage is somewhat random, so all channels will tend to unbalance. When a channel is balanced, funds can move in both directions. Unbalanced, only one direction. Balancing can be automated but incurs fees that could be significant. If you know the nodes you're connected to, you can manually set your fees to zero and rebalance then set the fees back up. Ideally, this could be automated as it benefits all parties involved.
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jcojci
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Catalog Websites
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September 25, 2021, 11:15:34 AM |
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I can only say AHA LOL
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 25, 2021, 12:01:37 PM |
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Copetech
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September 25, 2021, 12:51:17 PM Last edit: September 25, 2021, 01:05:30 PM by Copetech Merited by JayJuanGee (1) |
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Interesting, but this chart on KevinRook.com (or whatever it is) is squirrely in multiple ways. (Maybe just outdated?) A few points I noted, 1) It's valuing BTC at about $55k (mental math estimates) 2) El Salvador's 700BTC is not on the list 3) Saylor's MicroStrategy BTC stash is higher than US governments in BTC but lower in $$ value? 4) At the bottom of the list is Elon Musk with 0.25BTC (cute, but probably not accurate)
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ChartBuddy
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Activity: 2310
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 25, 2021, 01:01:27 PM |
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