Lightning.network ○ Sources – ♫ Music: Blue in Green – Rainy Streets
21 Comments
This Video focused on the technical details of how the layer two lightning network works. As such I have made a followup video talking about it in a much simpler manner which answers a lot of questions below so check it out. Also believe it or not you've already used a layer two network
I don't think the diagrams made any sense to be honest. Conventions not explained, steps ran in real time as you speak, without leaving trace of changes, etc. Sorry to be negative, I understand the process but I think this explanation is just not good.
I think it would be really helpful if you explain in more detail what you are talking about from about the 1:13 mark onward. I am familiar with multisig accounts, and time locks, but fail to understand what you mean by refund. With a shared account why does Lucy need a "refund tx to her with a time lock" to send her own funds to the shared account?
I'm Bittle confuse about the variance of the fees in bi-derectional animation. Please, give more datails about flow. What is the correlation about between the increase n lock times and variance of the fees in bi-derectional animation?
Opened the video for lamens explanation, saw nice diagrams… then you started off with "Lucy sends Alex directly…" so I grabbed my popcorn and buckled up. The next 7 minutes was "漢zaf語fadf語ж耳з目fк語лмнéпрстф"
This explains a complicated turd very well. This is a crap solution. I go in to get coffee and have to do the Butthole Surfers song Pepper and carry the two. WTF.
The elephant in the room is: what happens to bitcoin when mining stops? All of these transactions regardless of scaling require miners to operate. Their is no incentive for mining to continue to operate if all they are participating in is nominal transaction fees. What happens to bitcoin then? Fizzle…. pop.
This Video focused on the technical details of how the layer two lightning network works. As such I have made a followup video talking about it in a much simpler manner which answers a lot of questions below so check it out. Also believe it or not you've already used a layer two network
https://www.youtube.com/watch?v=l-pzpacKiV8
I don't think the diagrams made any sense to be honest. Conventions not explained, steps ran in real time as you speak, without leaving trace of changes, etc. Sorry to be negative, I understand the process but I think this explanation is just not good.
nice voice
I think it would be really helpful if you explain in more detail what you are talking about from about the 1:13 mark onward. I am familiar with multisig accounts, and time locks, but fail to understand what you mean by refund. With a shared account why does Lucy need a "refund tx to her with a time lock" to send her own funds to the shared account?
Litecoin bought German weg bank
Weak hands will not make any money..ltc can be 1 million $ per coin 💵💵💵💵💵💵
Future machine
excuse me, what software you use to build that animation? thx
People are starting to catch on to the scheme of bitcoin. Bitcoin was never designed to scale. What is Satoshi Nakamoto?
I'm Bittle confuse about the variance of the fees in bi-derectional animation. Please, give more datails about flow. What is the correlation about between the increase n lock times and variance of the fees in bi-derectional animation?
So just for clarification once the lightening network is implemented on bitcoin this will indeed lower fees ? Right ?
Opened the video for lamens explanation, saw nice diagrams… then you started off with "Lucy sends Alex directly…" so I grabbed my popcorn and buckled up. The next 7 minutes was "漢zaf語fadf語ж耳з目fк語лмнéпрстф"
Give it another go dood
This explains a complicated turd very well. This is a crap solution. I go in to get coffee and have to do the Butthole Surfers song Pepper and carry the two. WTF.
Dont Get it …… Sounds Like Mumbo Jumbo… Thats exatcly why they needed this lame ass white yuppie to explain it……
Very nice video!
The elephant in the room is: what happens to bitcoin when mining stops? All of these transactions regardless of scaling require miners to operate. Their is no incentive for mining to continue to operate if all they are participating in is nominal transaction fees. What happens to bitcoin then? Fizzle…. pop.
whaaaaat?
This is some bullshit (Lightning Network) not your video
Does anyone know when will the lighting network be in used?
Another USELESS explanation
So how will this be implemented?? Through a fork or will it directly effect the official bitcoin and litecoin block chains???
The porn soundtrack behind this video gave an edge of sexiness to tech talk I didn’t realize could be achieved. Nice!
Solid music choice
+1