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16878342 No.16878342 [Reply] [Original]

You cannot deny it any longer. The lightning network is ready for prime time. Exchanges are adopting it and people are using it more and more each day. Layer 2 scaling is here. All you luddite shitcoiners will get left behind.

>> No.16878351

Buy OCN decentralized ODYSSEY fagget..
..
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>> No.16878377

>>16878342
Buying into the boggs this hard, idiot.

>> No.16878470
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16878470

>>16878342
it's growing steadily
AMP was just introduced to lightning and this solves a lot of the liquidity problems
now you can use multiple channels and paths to route the same payment which makes routing much more efficient

>> No.16878583
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16878583

>>16878342
*laughs in ethereum*

>> No.16878631

>>16878583
>hard forks
>whoops
>hard forks again
>oh fugggg!
>rolls back transactions and splits into 2 coins

>> No.16878898

>>16878583
>He doesnt know about stakenet

>> No.16879506
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16879506

>>16878898
The very first Lightning Dex will arrive in the next Weeks. And it is a Beauty with Plenty of Liquidity. Tethering up the Corn in my Wallet will be comfy af. Lightning is what we waited for.

>> No.16879549

>>16879506
any more info / links on that?

>> No.16879556
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16879556

>>16878342
What a fucking pile of dog shit. Even if it wasn't the based pumpkin man holds the patent to lightning network so have fun paying hi/ncahin royalties. Both BTC and ETH are done and I hope Vitalik and Greg go to jail.

>> No.16879628

>>16879549
stakenet dot io

>> No.16879646
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16879646

Literally nobody uses LN, it's been 5 years since it was first announced and very little to show for it. Businesses will never use it because on-chain settlement has such volatile fee rates.


>>16879556

BSV will unironically take over the world by the time LN is anywhere close to being mainstream.

>> No.16879725

>>16879549
The Orderbook is already on air. They finish the apis now and ramp up the bots.
What im really curious about is. I read about a auto arb bot wich will use the liquidity ( multiple orderbooks of cexs n dexs are connected into it ) to finish auto arbitrage trades for you. But if seen that not live yet. The Dex itself is part of a Multicurrency Light Wallet wich i use.
Here’s a link to the orderbook.
orderbook.stakenet.io
It is live on mainnet and they test it now with a few people.(me too) As u see there is not much traffic on the book till now.
But yeah, its some new stuff. And i guess they could change a lot regarding trading fees and listings. Surely beneficial for the space.
One things sure. Without Lightning there would be nothing like that possible.
Not with that Speed. (Instant)

>> No.16879758

>>16879646
rofl

>> No.16880034

>>16879758

Keep laughing, you're going to be flabbergasted when you figure out what's really going on

>> No.16880166

>yfw you realize miners have no incentive once lightning network is actually used

>> No.16880180

>>16880166
who's going to secure the channels when they rebalance open and close?

>> No.16880556

>>16879725
You are either dumb or larping.
Exchanges don’t trade bitcoin or ethereum at any transaction that is made. They have their internal books to keep track of transactions and only do real trades on the network if customers (you) deposit or withdraw.

>> No.16881197

>>16880180

He doesnt have a real answer for this, dont bother.

>> No.16881246

>>16880180
Why open a channel more than a couple times? You might as well just send a transaction at that point.

>> No.16881371

>>16878342
cool, still no privacy so it's useless

>> No.16881594

>>16881371
>he doesn't know about stakenet and TOR integration

educate yourself.

>> No.16881646

I used to only hold eth during the first bull run but now hold both, and I'm ready for the show.

Popcorn.gif

>> No.16881742

>>16881594
>doesn't know that 50% of traffic is routed through one central node, and figuring out who sent what to who is TRIVIAL in the small world environment
and it will always be that way. the only way liquidity can work is with central nodes routing everything.
it is you who is ignorant.

>> No.16881773

>>16881742
yikes that's not true

>> No.16881804

>>16881773

The paper also finds that despite randomized onion routing, “strong statistical evidence can be gathered about the sender and receiver of payments, since a substantial portion of payments involve only a single routing intermediary.”

As a potential solution to this privacy drawback, the authors suggest using “deliberately suboptimal, longer routing paths [that] can restore privacy while only marginally increasing the cost of an average transaction.” Additionally, creating a direct payment channel between senders and receivers creates the optimal level of privacy.

Based on the paper’s recommendations, if default transaction fees increase, taking longer, less direct payment paths for privacy will cost more. Similar to the concern with setting a default transaction fee for node operators, and in the spirit of Bitcoin’s earliest developments, this paper’s findings currently put the responsibility of privacy on users selecting their payment routes.

>> No.16881829

>>16881804
>since a substantial portion of payments involve only a single routing intermediary.”
this is outdated data maybe when the network first started
the network has AMP now and solves a lot of the criticisms on choice of routes, fees, and security

>> No.16881853

>>16881829
the paper was released in November 2019. stop talking out of your ass. you have no idea what you're talking about.

>> No.16881866

>>16881853
>the paper was released in November 2019
by who lol bitcoin.com?

>> No.16881886

>>16881866
https://arxiv.org/pdf/1911.09432.pdf

>> No.16881908

>>16878342
moving the scaling issue from cheap harddrives to expensive RAM. great work guys.

>> No.16881919

>>16881908
disclaimer: I am not a BSVision cultist.

>> No.16881933

>>16881908
it also distributes the work among local nodes instead of requiring all of them to do it

>> No.16881935
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16881935

>>16879556
Based pumpkin man

>> No.16882013

>>16881933
it also requires you to be online 24/7 or employ 3rd party services to prevent loss of funds.