hey sunny, I've been following you for long time, good content mate. You have used one of our visualizations: https://howmuch.net/articles/visualizing-the-biggest-economic-bubbles . We love that but we would appreciate it if you could at least mention us as the source of the visualization. all the best, Raul
Hey sunny ironically I listened to your cast today explaining how you can’t respond to every message but I have a by bit delima I would like to discuss before I go viral with it.Dont want to go into detail about it just yet as I have a help request submitted with them.If not resolved for some reason I would like to make it known .Thanks
"2nd Gen cryptocurrency" I like it. It's a fancy word for shitcoin! And ripple is also amazing, a full node using at least 8TB of data and taking 6 months to do a full sync. Bcash is another joke. Now they will fork and fight between them.
DigiByte anticipated the scalability issues that would plague Bitcoin adoption. Thus, DGB designed it's blockchain so that it could handle Visa/Mastercard levels of volume, all while keeping all transactions on the blockchain. The problem with the Lightning Network is that it is an off-chain (meaning outside the blockchain) "solution". This is no solution at all, for if we're okay with off-chain solutions, we might as well stick with Visa/Mastercard because they're already digital and already super fast. Also, LN risks centralization because it'll have centralized hubs. If you believe in the true spirit of crypto, you should be very leery of Lightning Network.
I've watched few videos about "what is lightning network & how it works", but I understood nothing till I watched yours. Really well explained and clear. Thank you so much.
Nodule for those who want to connect Pubkey 02c2f1a7ef27d72660da5770cae905e2ff8bacdb319e67902df8c61e7633879af4 URI 02c2f1a7ef27d72660da5770cae905e2ff8bacdb319e67902df8c61e7633879af4@35.196.74.149:9735
PubKey 036b82fba8acc010cfd65edbe8411dfc13fe1daef58200dcdde99c48c8246fcf5d Alias cryptobank URI 036b82fba8acc010cfd65edbe8411dfc13fe1daef58200dcdde99c48c8246fcf5d@35.229.76.168:9735
Bitcoin moved the internet of things through its easy to use the platform and the accessibility of features it offers but its scalability is a big issue. It offers only 7 transactions per second and the transaction time differs according to the demand which does not make this as an optimum alternative to FIAT. Lightning network allows Bitcoin users to create a personal payment channel within the parties involved in the transactions. Through these channels or gateways, payments can be sent or received with minimal or no wait times.
Two analogies can be used to explain the lightning network. One is combining several banking transactions into one by purchasing a gift card (funding a channel) so only one transaction is on blockchain and the small purchase transactions are between you and the store via lightening centralized entity using your channel funds (gift card) . The other analogy is Swift bank system where a central bank or other centralized body balances all transactions and makes a transmittance of the balance only once every 4 hours.
Easily one of the best LN videos we have seen yet. As of today there are well over 600 nodes! And over 1700 channels!!! And its only been 2 weeks since you made your video!!
"It's a problem because we keep having to increase the block size every few years again and again to scale." So? Isn't this Satoishi's original plan? Why is this a problem? Is it just that eventually the block size become too big to be efficiently transmitted over the network? If so, when is that point?
Support the Channel via Lightning Network: https://tippin.me/@sunnydecree
Videolink 1: https://youtu.be/UYHFrf5ci_g
Videolink 2: https://youtu.be/D-nKuInDq6g
Watch "BYBIT SHILLS MAKING $250,000 PER MONTH!!! WTF?!?" on YouTube
https://youtu.be/Er0YCx967mM
Who is "ANTON" Antonopolus? 😀
hey sunny, I've been following you for long time, good content mate. You have used one of our visualizations: https://howmuch.net/articles/visualizing-the-biggest-economic-bubbles . We love that but we would appreciate it if you could at least mention us as the source of the visualization. all the best, Raul
isn't this just 3rd party intermediaries with extra steps.
Can I use the LN using my regular wallet like Coinbase? What is the procedure to registering and making the payments? Explain please.
Hey sunny ironically I listened to your cast today explaining how you can’t respond to every message but I have a by bit delima I would like to discuss before I go viral with it.Dont want to go into detail about it just yet as I have a help request submitted with them.If not resolved for some reason I would like to make it known .Thanks
The lightning nodes will be banking institutions who will have control over the interaction as being the middle man for the off chain payments.
This is a capitulation strategy. A solution that says "use it less". We want on-chain scalability.
Litecoin 👌🏼
IOTA is the better solution. No transaction fees, no power wastage and in-build scaleability with the tangle technology.
thanks dude
lighting looking kind of flawed, probably should rewrite it to run on top of cloudcare api
Lightening network aka external exchange database otherwise known as mtgox
Anton Antonopoulos…
so what will happen if you put all those transactions in the blockchain?
That first video is depressing! It makes XRP seem well designed although it is still more heavily and openly banker-centric.
Atbcoin.com is the lightning network king
"2nd Gen cryptocurrency"
I like it.
It's a fancy word for shitcoin!
And ripple is also amazing, a full node using at least 8TB of data and taking 6 months to do a full sync.
Bcash is another joke. Now they will fork and fight between them.
DigiByte anticipated the scalability issues that would plague Bitcoin adoption. Thus, DGB designed it's blockchain so that it could handle Visa/Mastercard levels of volume, all while keeping all transactions on the blockchain. The problem with the Lightning Network is that it is an off-chain (meaning outside the blockchain) "solution". This is no solution at all, for if we're okay with off-chain solutions, we might as well stick with Visa/Mastercard because they're already digital and already super fast. Also, LN risks centralization because it'll have centralized hubs. If you believe in the true spirit of crypto, you should be very leery of Lightning Network.
ts not interesx or not
I've watched few videos about "what is lightning network & how it works", but I understood nothing till I watched yours. Really well explained and clear. Thank you so much.
Nodule for those who want to connect
Pubkey 02c2f1a7ef27d72660da5770cae905e2ff8bacdb319e67902df8c61e7633879af4
URI 02c2f1a7ef27d72660da5770cae905e2ff8bacdb319e67902df8c61e7633879af4@35.196.74.149:9735
If Lightning Network is already live why does it still take 30/60mins to complete a BTC transaction? Should it happen almost instantaneously now?
Zero commission 🙂
PubKey 036b82fba8acc010cfd65edbe8411dfc13fe1daef58200dcdde99c48c8246fcf5d
Alias cryptobank
URI 036b82fba8acc010cfd65edbe8411dfc13fe1daef58200dcdde99c48c8246fcf5d@35.229.76.168:9735
Lightning network, simply explained!
Bitcoin moved the internet of things through its easy to use the platform and the accessibility of features it offers but its scalability is a big issue. It offers only 7 transactions per second and the transaction time differs according to the demand which does not make this as an optimum alternative to FIAT. Lightning network allows Bitcoin users to create a personal payment channel within the parties involved in the transactions. Through these channels or gateways, payments can be sent or received with minimal or no wait times.
https://blog.coinswitch.co/what-is-bitcoin-lightning-network-6f6110e371ca
Two analogies can be used to explain the lightning network. One is combining several banking transactions into one by purchasing a gift card (funding a channel) so only one transaction is on blockchain and the small purchase transactions are between you and the store via lightening centralized entity using your channel funds (gift card) .
The other analogy is Swift bank system where a central bank or other centralized body balances all transactions and makes a transmittance of the balance only once every 4 hours.
Off chain protocol? This is identical to a central bank model. I thought bitcoin was not suppose to be centralized.
You sound like the guy from the Bunny token ad lol
Please also watch this video: https://www.youtube.com/watch?v=tKYEQVPklLI The Lightning Network is pure bank shit in my opinion.
Bitcoin is shill coin soon under control of banks again! How The Banks Bought Bitcoin | Lightning Network
Easily one of the best LN videos we have seen yet. As of today there are well over 600 nodes! And over 1700 channels!!! And its only been 2 weeks since you made your video!!
I'm excited too its now at 594 nodes and 1558 channels
Heyy sunny, what are your thoughts about the speculations of the video on your first link?
What happens if one party tries to broadcast a false balance sheet when they're closing the channel and returning to the chain?
sunny very good information mate salut :)))
Bitcoin lightning without a https certification. Wowww, nice work
"It's a problem because we keep having to increase the block size every few years again and again to scale."
So? Isn't this Satoishi's original plan? Why is this a problem? Is it just that eventually the block size become too big to be efficiently transmitted over the network? If so, when is that point?
Excited by the upgrade. Always a treat to see your videos.
LUErDFAk5dBW35hmagKbdRuS35G7bjVbJf
sooooo…. what your telling me is that ripple is the next bitcoin?