Topic: Lightning Network vs Bitcoin cash - page 2. (Read 1430 times)

How so? Quite the contrary in my opinion, LN equals centralization, it's the only way this can even work. Do you really imagine a world where somebody has 30 hops to another person and the amount of money that can be sent over those 30 hops is  determined by the guy with the lowest amount of money AVAILABLE, for YOUR transaction, in his payment channel ? Come on that's ridiculous! In fact it's one of the most dumbest idea's I've ever even heard, the guy who invented LN must be quite disconnected from reality, smoking too much weed, only some crazy hippy with a distorted world view could come up with something like this.

Reality check: the ONLY way this can even work is if banks will solve that problem and start big nodes. Then the size of your account (behind the scenes this would then be called "payment channel") determines the amount of money you can send, just like it does now in traditional banking.

In fact I opened a topic LN vs Ripple, it got deleted not sure why, but I really wonder what the advantage of bitcoin + LN will be over Ripple and the current banking system. In both scenario's it will be all about banks using block chain infrastructure to facilitate their own banking process. Difference though is that banks are already experimenting with Ripple, while LN hasn't even been released yet, so I figure my self Ripple has a much bigger chance of surviving.

Well said and if you look at LN you will see it uses hubs to break the work down between nodes as was needed from day one for any system to scale
and they can break the block-chain down in the same way but they are too stupid to see it.

The BC is a linked list so take the headerID and just point that to a list of nodes who have the full block details if you don't hold it yourself
so think about it as storing a reference in to other objects. Distributed system is not what they do best and no one can argue that
I am wrong because we know the wheels are falling of the current BTC block-chain

Few people like me have seen what starts to happen to a database when you push the size too high and the index
becomes too big to hold in memory and that's with spreading the DB over several drives.
 

Your reply does compute and you are angry about the price of your coins going down but you should
get out more from the church and read other development forums to see what they are saying instead
of trying to insult people because you lack the skill to debate and don't write code for a living

As I already said up thread stay on btc and troll there .

Genius cast the things into very simple order / formular (PoW electronic cash, blockchain, E=mc^2, ...).

Its not for you to understand all at first but you then go experiment a lot with surroundings (SW, +++)  until you might finally get it. Good luck with that.

But in the end we need to thank you and lots of other altcoin builders for this because it is needed to get others educated by the great myspace fall.


Happy new year!

I'm thinking if we spin that barrel, then we're barreling well outside the bounds of Einstein's theories, which didn't deal with torsion and centrifugal forces. You could say we are fishing in the Fourth Dimension, to get teknikal.  So this Aquarius barrel spinning at the right speed has time space warping inside and this moves the fish all to the barrel sides and at the right side they warp out one at a time.

Note the One at a time. That's clearly a quantum phenomena hence we've not got quantum physics as the causation factor.

And you already know what's coming next. String theory. We gonna catch those fish on a string.

Nullius I love everything that you say.


Developers work in their own source code trees, and their changes are merged into the main codebase after they have been discussed and tested by other developers. The nodes all use this software and will continue to as long as they agree with the developers' work. So, you could say they are universally appointed by the nodes.

Oh, my.  Somebody “learned” from “science popularizers”, then combined that miseducation with a heaping dose of New Age woo.  “artificial order = energy = negativ entropy”?  “extra kinetics”?  With all the quack pseudoscience pseudo-jargon flying about, next we will hear that quantum mechanics proves we have entered the Age of Aquarius.

Quantum mechanics also proves that I have psychic powers; and my psychic powers tell me that you are an imbecile.

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Try a shotgun.  Sawed-off.

Nah, still not as fun as smacking down bcash shills and sycophants.

Which itself is not so rewarding as the spiritual solace brought by founding my own cult, ϐ bitcult.faith ϐ.  All hail the god of Bitcoin.

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Taras, per the above, you are arguing with somebody who just proved that negativ [sic] entropy brought us into the Age of Aquarius!  Humble yourself.  Don’t you dare presume to question the wisdom of a guru.

Huh?
Why shouldn't we make transaction malleability avoidable and then make use of the powers of bitcoin script that Satoshi had designed? Using opcodes that Satoshi conceived but didn't personally use is too complicated?

Gosh, I just don't know.

I've never tried to shoot literal fish in a barrel.

Adjusting aim for refraction is not a problem.

How about big fish, little barrel?

Do what I’m doing!

I’ve been ignoring my forum duties (so rudely as to fine folks) whilst coding multilanguage support for easyseed(1).  The race has been on to get that feature published before midnight UTC; and I appear to be losing.

The latest push was yet another battery of runtime integrity self-tests.  I think by now I have more lines of runtime test code than feature implementation code, which is good for a utility which pertains to Other People’s Money.

Every time I feel I need a short break, I pop in here and see if this thread was updated with more stupidity.  If so, I take a swing at one of Ver’s hapless little drones.  That takes less effort than hitting a punching bag; and it’s more satisfying than shooting literal fish in a barrel.

Now, I’m happy to have chatted with you irrelevantly on a thread which is anyway offtopic garbage in its entirety.

Cheers!

The amount of WRONG, it hurts....

Said “Anti-Cen” with unspecified units, presumably some fiat currency with no possibility of Byzantine agreement on an exchange rate:


That is one of the stupidest ideas I have ever seen in my whole life; and it has plenty of competition between the four corners of this world.

You have no idea how Bitcoin works.  Or how reality works.

The security level of Bitcoin’s Byzantine agreement on transaction ordering grows proportionally to its value, as mining increases in revenue, and thus becomes more competitive.  But it’s not even necessary to look that far.  Capping the sole criterion which miners use to choose between transactions of equal size, and users use to determine which transactions are important to them, is tantamount to trying to fulfill my desire for a Porsche with one simple line of code:

public static money MaxPorschePrice=1.50 // Less Porsches because not enough cream to go around

That should work, right?

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I know.  Really, that’s my point.  Per the ridiculous thread title, Lightning Network will compete with Visa.  It is not comparable to “Bitcoin Cash”, “S2X”, or genital herpes.

To compete on a practical basis with Visa cannot mean that every node has the entire transactional volume passing through it.

To compete with 1/100 the volume of Visa cannot mean that every node has the entire transactional volume passing through it.

Block sizes are not relevant to this issue.

Interesting indeed, nice graph.

if the developers working on BTC could not do the sums like years ago to work out that BTC would not scale
then they should have the block size set using a CONST and seem to be enjoying the current state of
affairs where we are being ripped off by the mining cartel.

See https://blockchain.info/pools

this 200gb problem a year growth in the size of the block-chain will result in having to use a AS-400 computer
to process that amount of data because to balance a wallet you need to walk back down the chain (Link list)
and trace all the part coins in the wallet back to the original mined coins which more or less involves scanning
all 200gb for each transaction and this process gets repeated by all 20,000 nodes on the network.

Distributed systems are not built like this as i am sure many of you here already know and they are not even trying
to clear down the mempool that stands at 115,564,705 bytes and we need to do a bit of house clearing ourselves
and it's time to call out the garbage collector to dump 90% of the full nodes because we don't need this many

if they continue to refuse to implement code shown below
public static money MaxFee=1.50 // Less miners because not enough cream to go around
or
public CONST int32 BlockSize=4 //Just like any decent programmers would use

Then we need to publicly name and shame BTC and it's developers and try to salvage Cryptocoins by backing
one of the other forks because as we speak it's our money and effort that is being dragged down by this mess

Sure, go learn more physics but the genuis part is done by Einstein and yet we are years later and still try to prove parts. Dont come up with all the rest here or could you solve the rest with pure men power (as you do now with btc + SW + ...) ?

Satoshi did the genius part (by introducing artificial order = energy = negativ entropy) and there is no need to extend it with extra kinetics..  and dilute the genius order.

Think big and accept that BCH will work better also because its simpler.

And thus, you show your ignorance of physics, too.  E=mc^2 is the equation for the rest energy of matter.  Got velocity?  A more complicated equation is required to ascertain E.

What else would I expect from somebody with the abject technical incompetence requisite for belief in a linear scaling solution to an exponential scaling problem?  Even a five-year-old can understand the difference between “big” and “huge”.

I’m sorry that the universe is not oversimplified to fit your childish expectations.  No, wait—I am not sorry, after all.

Well, if (if) BCH ever gets sufficiently popular for its 8MB blocks to persistently fill, enjoy your skyrocketing fees and backed-up mempool on your centralized pseudocoin with 1/1000 the tx throughput of Visa—as Lightning scales up to compete with the big boys.

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Ver accuses others of his own worst sins.  When enforced through repetition, that’s an effective propaganda technique for corralling the weak and the stupid.  But BCH’s supporters even admit to their anti-node/miner-supremacy agenda; what they want is not decentralization, but “decentraliztion enough [sic]”:

I'm in absolute agreement. Roger is causing a big issue in this community by somehow trying to make Bcash a direct opposition to Bitcoin. It creates hostility and confusion especially for those just now entering the crypto market.

Bitcoin was created as a PoW electronic cash system and at some time when TXs fees where almost zero the param 1MB was added as a flood control because 'spamming' was zero cost at that time, this is years ago and not the case any more.

Now BTC + SW fork + LN is more a Proof of Dev or of Code and the miners that have spent most of work are dammed by small blockers, why? Is that FOMO ?

BCH keeps it up and makes proper use of that what miners have built, the most expensive crypto env on earth, that is backing up price and security and cannot be replaced with technobubbles on top. The bitcoin code base / protocol was complete years ago and needed no other genius proof of dev any more like E=mc^2 does not need to be bubbled up by other fellows any more. And a small non mining node is not doing any PoW, rather Proof of Panic and slows down the scaling.


Work = Energy = mining cash coins

 I am still on the dev side for now, but they really need to get this lighting network up and running asap. If its not active by 2-3 months and not widely used in the next couple of months it will be a disaster for bitcoin, whether your on the btc or bch camp your screwd. There is just to many coins that can deliver what bitcoin was supposed to do. So dear dev, if you are reading this: get your act together and hurry the fuck up with this lighting network

Yes, esp you should stay there.