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Author Topic: Bitcoin’s Lighting ‘Torch’ Reignites, Blazes Through 38 Countries in 3 Days  (Read 139 times)
erricducducan26 (OP)
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January 22, 2020, 10:36:50 PM
 #1

Bitcoin's lightning torch is back, and it's zipped through at least 38 countries already.

The torch is a digital game first ignited in January 2019 by pseudonymous bitcoin enthusiast Hodlonaut, known for his Twitter avatar of a cat in a spacesuit. Each "torchbearer" sends a tiny amount of bitcoin to the next. A key rule is to add a little bit more money to the payment each time it moves to someone new.

The goal is to highlight the speed and global nature of the lightning network, a payment technology that could solve or at least greatly ease some of bitcoin's most critical problems. Started on a whim for fun, the torch became a global event, even carried by Twitter CEO Jack Dorsey, showing how frictionless and indifferent to borders the form of payment is compared to legacy methods like Visa and Paypal.

On Sunday, Hodlonaut lit the torch for the second time, in what he described as a "spur-of-the-moment decision." Since then, many enthusiasts have been posting lightning "invoices" on Twitter to which the torchbearer can send the next lightning payment.

The source - https://www.coindesk.com/bitcoins-lighting-torch-reignites-blazes-through-38-countries-in-3-days
Key Gen
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January 22, 2020, 10:44:40 PM
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Glad to see the community doing positive outreach. Great story, and you might want to ask the mod to move to the "press/news" section.
Bitcoinmeetups.org
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January 23, 2020, 02:41:55 AM
 #3

What kind of torch is it?

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MURONDI
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January 23, 2020, 03:07:30 AM
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hopefully it can be a good promotion and can increase the value of bitcoin, I hope this event can make many people more interested in bitcoin, it's like a relay sports game, only this time in digital form, good luck for that community.
avikz
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January 23, 2020, 03:37:03 AM
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What kind of torch is it?

For you,

https://www.coindesk.com/bitcoins-lightning-torch-has-blazed-through-37-countries-so-far

It's not a physical torch. It's just a payment passing game using lightening network. The article says,

Quote
By way of the social media platform Twitter, people pass the “torch payment” from one person to another, adding 10,000 satoshis (worth about $0.34 at press time) to the payment before sending it further along. Imagine a kind of lightning network-style snowball effect and you get the basic gist of what’s happening around the world.

Hope this helps!

Bttzed03
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January 23, 2020, 04:32:42 AM
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The chain was broken earlier at 1060000 sats https://twitter.com/gh0ste7/status/1219920429193797632 but it seems a certain @jimmyhomma sent another 1060000 to a different person to keep the torch running https://twitter.com/hodlonaut/status/1220120377151643648

It looks like it stopped at 1,130,000 sats again https://twitter.com/ronnie_barkan/status/1220185714161139714



It's definitely a fun way to attract attention. I hope someone tags Peter and have him create a LN wallet   
RapTarX
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January 23, 2020, 05:56:48 AM
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There's another project DigiPigLet journey followed by this project (Or may be there was another of the kind) I guess as they mentioned- https://bitcointalk.org/index.php?topic=5183158.0
DigiPigLet wasn't created with LN, rather with on chain BTC which was another interesting approach. In DigiPigLet, the fund raised it used to donate at Venezuelan Charity Organization.

I hope someone tags Peter and have him create a LN wallet   
He will fund a channel & later somehow lost the access and say "I knew that bitcoin is not good."  Cheesy

Key Gen
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February 08, 2020, 02:16:11 PM
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Did this blaze keep going, any updates?
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