Discover and read the best of Twitter Threads about #TLC2019
Most recents (3)
ICYMI: Prelude to my #TLC2019 talk was two cautions: 1. Fees will rise on LN. 2. Long-held HTLCs will be penalized. Let me tweetstorm that at you now...
LND's default fees are 1 sat + 1ppm. The proportional part can only go down to 0; we're already seeing that raised by nodes, and there's clearly room for this to grow. 100ppm == 1 basis point, so we're 100x smaller than the fin community can measure!
Also, fees in lightning are currently pay-after-success. But some kinds of spam are best dealt with using a pre-pay system. To be incentive compatible, the pre-pay needs to be << than the success fee, implying that success fee needs to rise, to avoid Death By Spam.
TheTotalConnector#38: Adam Back (PhD) @adam3us -
The Bitcoin Rabbit Hole & The Lightning Conference 2019 in #Berlin.
@LNconf #TLC2019
bit.ly/35Xtd66
The Bitcoin Rabbit Hole & The Lightning Conference 2019 in #Berlin.
@LNconf #TLC2019
bit.ly/35Xtd66
During the Lightning Conference 2019 in Berlin, I had the pleasure to sit down with Adam Back (cyberpunk, cryptographer, PhD in computer science, CEO/Co-Founder of Blockstream etc.) for an interview.
Adam´s works (#Hashcash used in #Bitcoin #Mining) is cited in the White Paper of #SatoshiNakomoto.
Our fascinating talk deep down the Bitcoin Rabbit Hole covers a spectrum of questions and topics:
Our fascinating talk deep down the Bitcoin Rabbit Hole covers a spectrum of questions and topics:
#TLC2019 was over too fast! Everyone I spoke with was trying something exciting, but I feel I barely scratched the surface. Got to fanboy @JackMallers far too briefly (hey, you still in town?). Main things on my to-do list below:
1/ Offers. Well received, great feedback and ideas, main q was "when?". Going to take at least 6 months, but I'm going to start now. Watch mailing list for proposal.
2/ Privacy. "D+. Must try harder". Lots we can fix, like github.com/lightningnetwo… and github.com/ElementsProjec…. Will restore amount fuzzing I accidentally lost. More metrics needed on route fuzzing. Segwit v1 needed too. Nym mixnet yay! But some is v hard...
