Viewing profile — phillipsjk

I am not holding my breath.

Correction: that was simulated testing, using scraped channel data and a LNBig blog post (about traffic statistics) to validate the results.

I guess I stand corrected on that one.

> though if you don't like them you're free to not use it. No true: due to limited block space on the base-layer. I am not convinced you get any efficiency increase with the LN: ju…

Researchers have done black-box capacity testing. It can process around 7,000 transactions per day. Even BTC can handle that volume on-chain. https://blog.dshr.org/2020/01/bitcoins…

According to a recent study, the privacy properties of the lighting Network are weak. The problem with lightning privacy is that to get good privacy you need more than about 2 hops…

You got fooled by a slick marketing campaign. Around fork time, there was a coordinated push, including websites, subreddits, youtube videos (title of video by jimmy Song interview…

Compact block were heavily inspired by Bitcoin Unlimited's "Thin Blocks".

I disagree that the LN paper made conservative assumptions. A "black swan" event like a major lightning hub going down may force more channel closings than the network (as currentl…

Unlike the base layer, the LN uses source routing: which was abandoned years ago. Requiring the endpoints to know the structure of the network graph leads to intractable routing pr…

Of course the fees would drop after raising the blocksize. The current fees are well above the marginal transaction costs of processing and storing those transactions. (I estimated…

It is called BRD wallet. (originally Bread Wallet)

Also, BSV seems to be a parody of Bitcoin Cash (BCH). You wanted large blocks? We'll give you large blocks!

Since you read the Lighting whitepaper, you know that an uncongested base-layer is assumed. The paper suggests something like 133MB blocks at scale.

On-chain scaling does not prevent that. In fact, it reduces complexity by removing the Lighting requirement. Tangent: I would not recommend running lightning on such hardware. Stat…

Blockstream (Which funds Core developers) was funded by AXA Strategic Ventures with about $80Million in two rounds. Digital Currency Group, which has investment in a lot of Bitcoin…

Scaling with second layers instead of on-chain is NOT "sound engineering" The Engineering discipline relies on empirical studies. With constantly full blocks, you have no way to me…