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Show HN: Lightning Network Search and Analysis Engine

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Re: Show HN: Lightning Network Search and Analysis Engine

#81

Post by imaginenore »

hossbeast wrote: post #43
imaginenore wrote: post #21

Have they solved the distributed routing problem? I watched many videos on the LN, and it's never addressed, it's always this hand-wavy explanation that a route is somehow found, on a network that changes, potentially, thousands of times per seconds, and has tens of millions of nodes.

They are explicitly postponing the sophisticated routing solution until a later iteration, when we have more experience with how the network will become arranged. It's not an omission, it was done this way on purpose.

That sounds like a bullshit excuse. They don't know how to solve it. It doesn't really matter how the network is arranged, distributed routing is not a solved problem.

Re: Show HN: Lightning Network Search and Analysis Engine

#82

Post by mOneThousand »

fiiv wrote: post #62

While everyone else argues about wether LN is evil or great, I'll just comment on your product. It's a nice tool, akin to the block explorers out there. One minor thing I noticed, where you define the node colour in the sidebar, sometimes if it is dark the hexcode cannot be seen. There's a way to fix this by dynamically determining the color in javascript for example, and changing the text atop of it to white.

Thanks for the feedback. Fixed it with CSS text-shadow

Re: Show HN: Lightning Network Search and Analysis Engine

#83

Post by [deleted] »

cup-of-tea wrote: post #77
tlrobinson wrote: post #54

Earlier quoted context omitted.

This is pure FUD. Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At least two other entirely independent companies are working on Lightning Network implementations [3][4]. It's well understood how trustless LN transactions work [5]. The spec [6] and code are open source, feel free to look for a "backdoor". 1. https://en.bitcoin.it…

Whenever I see the term "FUD" nowadays I think "ah, someone who is invested in a cryptocurrency, this will definitely be an unbiased view".

[deleted]

Re: Show HN: Lightning Network Search and Analysis Engine

#84

Post by xkarga00 »

imtringued wrote: post #65
ExactoKnight wrote: post #59

Earlier quoted context omitted.

You will have a drug war on your hands, only way harder to enforce thanks to encryption. It's a losing game, and I think you forget that there are way too many rich people in positions of power who like crypto for it to be successfully killed. The ruling classes actually like it more than the lower classes do.

Bitcoin and other cryptocurrencies are nothing without public exchanges.

Wait until most cryptos support atomic swaps.

Re: Show HN: Lightning Network Search and Analysis Engine

#85

Post by hndamien »

rajacombinator wrote: post #45
hndamien wrote: post #23

Earlier quoted context omitted.

And the blockchain history.

The blockchain is the history bro ...

No it isn’t bro, otherwise they would be the same. They are only the same from a specific block. There is a difference in being implicit and explicit.

Re: Show HN: Lightning Network Search and Analysis Engine

#86

Post by dane-pgp »

hndamien wrote: post #39
dane-pgp wrote: post #36

Earlier quoted context omitted.

And living up to Satoshi's original vision of a "purely peer-to-peer version of electronic cash".

Not really. I think Monero has that mantle. Mining was supposed to be decentralised and the cash was supposed to be fungible.

Is Bitcoin Cash mining not decentralised?

https://cash.coin.dance/blocks/thisweek

Also I'm not sure what definition of fungible you are using that doesn't include Bitcoin Cash, but here's another spurious definition for you: A cryptocurrency isn't fungible if most wallets have balances that can't be spent because of fees.

https://www.newsbtc.com/2017/11/17/bitpay-ceo-claims-current...

Re: Show HN: Lightning Network Search and Analysis Engine

#87

Post by dane-pgp »

keymone wrote: post #70
qsucvatz wrote: post #40

Earlier quoted context omitted.

And support by the original developers of Bitcoin, for scaling by blocksize and exponential growth of computing, bandwidth, and storage.

and here i thought that scaling distributed systems is very hard problem. it turns out you just bump a number in configuration. quick, patent it and sell to google for billions!

We managed to scale the internet from dial-up to broadband without needing any hardcoded bitrate parameters imposed across the whole network. Bitcoin Cash seems to be doing just fine with its 8 megabyte blocks.

Re: Show HN: Lightning Network Search and Analysis Engine

#88

Post by keymone »

dane-pgp wrote: post #87
keymone wrote: post #70

Earlier quoted context omitted.

and here i thought that scaling distributed systems is very hard problem. it turns out you just bump a number in configuration. quick, patent it and sell to google for billions!

We managed to scale the internet from dial-up to broadband without needing any hardcoded bitrate parameters imposed across the whole network. Bitcoin Cash seems to be doing just fine with its 8 megabyte blocks.

by "we managed" you mean the network of centralized gateways? because that's how internet works, just in case you didn't know.

we grew past the global scale fully connected topologies somewhere in late 80s if not earlier (i was in ussr kindergarden at that time, so please somebody correct me).

> Bitcoin Cash seems to be doing just fine with its 8 megabyte blocks

is it maybe because nobody is using it? :) blocks are 15 times smaller, tps is 10 times lower, USD transferred per day is 50 times lower.

gee, no wonder bitcoin cash is doing just fine, it's a copy of bitcoin and that kind of load is where bitcoin was couple years ago.

Re: Show HN: Lightning Network Search and Analysis Engine

#89

Post by hndamien »

dane-pgp wrote: post #86
hndamien wrote: post #39

Earlier quoted context omitted.

Not really. I think Monero has that mantle. Mining was supposed to be decentralised and the cash was supposed to be fungible.

Is Bitcoin Cash mining not decentralised? https://cash.coin.dance/blocks/thisweek Also I'm not sure what definition of fungible you are using that doesn't include Bitcoin Cash, but here's another spurious definition for you: A cryptocurrency isn't fungible if most wallets have balances that can't be spent because of fees. https://www.newsbtc.com/2017/11/17/bitpay-ceo-claims-current...

It isn't as decentralised as Monero. 5 pools control 60% hashrate for BCH, the top 5 XMR pools control 13% (Yuge difference). Also, Monero has a dynamic block size, so it is somewhat future proofed while BCH has another hardfork if it is successful. And fungible means that each unit of the currency is indistinguishable from another unit. BCH and Bitcoin both leave trails, therefore, are not fungible.

Re: Show HN: Lightning Network Search and Analysis Engine

#90

Post by dane-pgp »

keymone wrote: post #88
dane-pgp wrote: post #87

Earlier quoted context omitted.

We managed to scale the internet from dial-up to broadband without needing any hardcoded bitrate parameters imposed across the whole network. Bitcoin Cash seems to be doing just fine with its 8 megabyte blocks.

by "we managed" you mean the network of centralized gateways? because that's how internet works, just in case you didn't know. we grew past the global scale fully connected topologies somewhere in late 80s if not earlier (i was in ussr kindergarden at that time, so please somebody correct me). > Bitcoin Cash seems to be doing just fine with its 8 megabyte blocks is it maybe because nobody is using it? :) blocks are 1…

Having a two-tier system (if that's how you want to picture the internet) is still a valid way of scaling, as Satoshi said:

"At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated."

You're right that Bitcoin Cash usually has fewer transactions than Bitcoin Core, though, which alleviates scaling pressure. Similarly, now that people are switching to Bitcoin Cash and altcoins, that same scaling solution is working for Bitcoin Core too.

https://i.redd.it/wbpq99paw74z.png

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