Topic: The Lightning Network FAQ - page 34. (Read 33677 times)
this seems to be moving into "The Lightning Network News"
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The growth of Bitcoin's Lightning network has exploded in recent weeks. Several key metrics used to measure the network size and connectivity have reached all-time highs.
https://www.btctimes.com/news/lightning-network-growth-changing-bitcoin-payment-narrativeand when the Bitcoin law comes into force in el salvador at the beginning of september, several ln's will follow
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OpenNode, an industry-leading Bitcoin payment processor, announced today that Substack, an online publishing platform with over 500,000 paying subscribers, has integrated their Bitcoin API to offer Bitcoin payments on the online publishing platform. OpenNode will power both on-chain and Lightning Network Bitcoin payments.
https://www.prnewswire.com/news-releases/substack-is-now-accepting-bitcoin-payments-on-the-lightning-network-powered-by-bitcoin-payment-processor-opennode-301360039.htmlwith Substrack there is another service that will now also support the lightning network
I haven’t explored the website yet, but a this is a social network platform built on the Lightning Network called “Zion”, https://getzion.com/
There is also Sphinx Chat. It's been around for quite a while and anyone with LND node can use it. It works on the same principle as Zion and offers similar features.
right - and what did facebook and myspace both use? which network?
What does it matter?what does zion add to the internet network?
Same thing Facebook & MySpace do. the internet is the network for information and bitcoin is the network for value/truth
Completely unrelated.myspace was not the network, the internet is!
I said that it's a social media platform, not a network protocol. Facebook is/was an alternative of MySpace and it got it over simply because the implementation of a social media platform was more dedicated than it was with MySpace. Same thing may happen with Zion and that activity pub you mentioned.edit: the network bitcoin uses the internet to transfer information, but adds the possibility to transfer value, which is not possible on the internet itself. what does zion add to the internet network?
myspace was not the network, the internet is!
I said that it's a social media platform, not a network protocol. Facebook is/was an alternative of MySpace and it got it over simply because the implementation of a social media platform was more dedicated than it was with MySpace. Same thing may happen with Zion and that activity pub you mentioned.the internet is the network for information and bitcoin is the network for value/truth
Completely unrelated. I am not sure what you consider long-term but there are different currencies and languages, and depending on where you are, it's you who need to adapt and not the other way around. You can try and shop with your dominant USD or EUR or whatever in a particular country and see how far that gets you. When I was doing some work in Germany a long time ago, I asked my boss if we can speak in English because I am fluent in English and still learning German. She said no! We speak German here. In other words, you can take your dominant English language and shove it. She just said it nicely.
i am talking longterm. like looooongterm. globalisation, the internet and so on exists for a really short timewow such a great claim, did you know that you can get paid right now for your creation? as i said, the idea is stupid
So what? Since when is more competition not desirable? If I buy my groceries at shop #1, I should never enter shops #2 or #3 even if they have the same or better type of offers and should consider them stupid for trying? And for comparison: MySpace was a social media platform which was made before Facebook while no one uses it anymore. It turns out that the greatest implementation of each invention is what makes the difference.
myspace was not the network, the internet is!the internet is the network for information and bitcoin is the network for value/truth
look into the history of money and you will see that there was always one dominating money - i meant money and didn't say it is bitcoin atm, i am pretty sure it will be after the dollar collapses, but who knows the future
But, if you examine your example, you'll see where you're wrong. You can't discourage someone from using an alternative method just because there was another before.If USD is the one dominating at the moment, shouldn't I use Bitcoin? Just because the majority uses USD, it doesn't mean that it's better than Bitcoin. Same applies for cryptocurrencies. If you want privacy, you shouldn't choose Bitcoin just because the majority of the cryptocurrency users does; you should pick Monero instead even if Bitcoin's market cap is a hundred and sixty times higher.
And for comparison: MySpace was a social media platform which was made before Facebook while no one uses it anymore. It turns out that the greatest implementation of each invention is what makes the difference.
if you don't know what it is, how can you think it is not stupid?
I am basing that solely on the info found on Zion's homepage. same with the telephone for example or language, or money (like bitcoin). there will be only one in the longterm (or at least one network which dominates).
I am not sure what you consider long-term but there are different currencies and languages, and depending on where you are, it's you who need to adapt and not the other way around. You can try and shop with your dominant USD or EUR or whatever in a particular country and see how far that gets you. When I was doing some work in Germany a long time ago, I asked my boss if we can speak in English because I am fluent in English and still learning German. She said no! We speak German here. In other words, you can take your dominant English language and shove it. She just said it nicely. wow such a great claim, did you know that you can get paid right now for your creation? as i said, the idea is stupid
So what? Since when is more competition not desirable? If I buy my groceries at shop #1, I should never enter shops #2 or #3 even if they have the same or better type of offers and should consider them stupid for trying? You mean cryptocurrency? Bitcoin is surely not the only type of money that dominates.
look into the history of money and you will see that there was always one dominating money - i meant money and didn't say it is bitcoin atm, i am pretty sure it will be after the dollar collapses, but who knows the futurethere will probably always be people who don't understand what networks are and therefore other monies, other internets, other social networks will exist, but as a minority...
And what does that mean? That they shouldn't? What does it matter if the majority chose Facebook? That I should too? I may prefer using Google+ or Instagram.or money (like bitcoin).
You mean cryptocurrency? Bitcoin is surely not the only type of money that dominates.there will probably always be people who don't understand what networks are and therefore other monies, other internets, other social networks will exist, but as a minority...
And what does that mean? That they shouldn't? What does it matter if the majority chose Facebook? That I should too? I may prefer using Google+ or Instagram. I am not familiar with either Zion or Activity Pub, but I don't think the idea is stupid.
if you don't know what it is, how can you think it is not stupid?Besides, there isn't just one internet browser, there are many different types. There isn't one document creating and editing software, there are multiple.
social networks are like the internet a network, same with the telephone for example or language, or money (like bitcoin). there will be only one in the longterm (or at least one network which dominates), there will probably always be people who don't understand what networks are and therefore other monies, other internets, other social networks will exist, but as a minority...Zion claims that content creators can get paid for their creations and those who consume the content can get in on it as well. Compare that with traditional social media platforms, you get nothing unless you are a famous person with millions of followers. On the other hand, the platforms make money on your data and interests.
wow such a great claim, did you know that you can get paid right now for your creation? as i said, the idea is stupid this is a pretty stupid idea... there is already activity pub for example, why reinvent the wheel? for what?
I am not familiar with either Zion or Activity Pub, but I don't think the idea is stupid. Besides, there isn't just one internet browser, there are many different types. There isn't one document creating and editing software, there are multiple. Zion claims that content creators can get paid for their creations and those who consume the content can get in on it as well. Compare that with traditional social media platforms, you get nothing unless you are a famous person with millions of followers. On the other hand, the platforms make money on your data and interests.
I haven’t explored the website yet, but a this is a social network platform built on the Lightning Network called “Zion”, https://getzion.com/
I don’t know how it works or if it’s required that you run your own node, I hope it doesn’t have that requirement for low entry barrier for new users.
I don’t know how it works or if it’s required that you run your own node, I hope it doesn’t have that requirement for low entry barrier for new users.
this is a pretty stupid idea... there is already activity pub for example, why reinvent the wheel? for what?
Instead of relay transaction/payment request, it relays encrypted message/media.
It should relay both transaction requests and encrypted messages; how else would you chat with the users and fund at the same time?Not sure how practical is it when there are many users involved.
For the zion node? Yes, it'll become more consuming while more users enter the discussions. I guess that those $9 per month suffice the requirements for a usual community. (10-30 members) I haven’t explored the website yet, but a this is a social network platform built on the Lightning Network called “Zion”, https://getzion.com/
I like it, as an idea. It is a completely open-source censorship resistant network. As far as I can understand, you'll have to run your own LN node to be the admin of your community. I wonder if it works via an anonymous protocol such as Tor or i2p to prevent you from port forwarding so you can communicate peer-to-peer (as it promises). The team behind this (called “n2n2”) rents nodes, so it's more like a combination of self-sovereign and business.
I haven’t explored the website yet, but a this is a social network platform built on the Lightning Network called “Zion”, https://getzion.com/
I don’t know how it works or if it’s required that you run your own node, I hope it doesn’t have that requirement for low entry barrier for new users.
I don’t know how it works or if it’s required that you run your own node, I hope it doesn’t have that requirement for low entry barrier for new users.
c-lightning v0.10.1 has been released. If anyone is interested in opening a dual-funded channel then my offer still stands. Make sure to contact me before opening a channel to me so that I can adjust my funder policy.
It seems like I need to dig deeper into c-lightning & LND. Thanks for helping me out!
c-lightning is great if you are interested in features like dual-funding or funding multiple channels in a single transaction. LND is much better in terms of available services: ThunderHUB, Zap Wallet, Lightning Loop, Sphinx Chat and so on. I used both of them and so far I have been enjoying c-lightning more.
I guess that "Channel reserve" triggered my Question. I send about 150 Sats through another Channel and wondered why I can't receive 1 Sat Invoices after that.
Exactly. The channel reserve is usually 1%-3% of the total channel capacity. In our channel, it is equal to 1200 satoshi so you can receive 58800 satoshi through me despite that you have paid me 60k satoshi.
If I were running LND instead of c-lightning, we would be able to have two channels. Apparentely, it is a c-lightning limitation.
It seems like I need to dig deeper into c-lightning & LND. Thanks for helping me out!
You will be able to receive that much (minus a negligible channel reserve) through me. In other words, you will gain some inbound capacity.
I guess that "Channel reserve" triggered my Question. I send about 150 Sats through another Channel and wondered why I can't receive 1 Sat Invoices after that.
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