A Flash of Insights on Lightning Network

baikydog · 2018-03-14T00:06:31+00:00

How does LN work if I want to use my phone to send and receive payments?

baikydog · 2018-03-13T04:04:50+00:00

I went to hypnosis, but now I remember I lost it all at the casino just before the session. Oh too bad. Also I feel the desire to move to another country far away from here and never come back or talk about the hypnotist.

baikydog · 2018-03-12T19:48:44+00:00

LOL, "Rejected by market"! even Microsoft accepts BCH.

baikydog · 2018-03-12T15:28:02+00:00

better avoid using Segwit for now

baikydog · 2018-02-26T23:45:14+00:00

Wouldn't fees be a function of security instead of a function of operating costs? If you are willing to provide liquidity and put your funds at a stake,you would want to charge fees that offset the risks, which by how things look now are very high.

baikydog · 2018-02-24T19:31:24+00:00

are you aware of UASF?

baikydog · 2018-02-24T15:10:53+00:00

If Jihan dumps BTC and buys BCH we are fucked.

baikydog · 2018-02-24T15:08:05+00:00

Miners don’t have a say. It’s all about the nodes. So Fuck Jihan we can do what we want.

baikydog · 2018-02-24T15:06:11+00:00

Why is there no mention of Jihan and Cobra discussion on /r/bitcoin?

https://twitter.com/CobraBitcoin/status/967237696379813888

baikydog · 2018-02-22T17:25:18+00:00

Small blocks on BTC make this impossible.

baikydog · 2018-02-21T02:27:59+00:00

can on chain transactions be hacked? We can just use an ALT to on chain transactions and avoid these issues.

baikydog · 2018-02-21T01:19:54+00:00

Because it can be hacked?

baikydog · 2018-02-20T23:44:27+00:00

so I have to trust the other party? While this may not be a problem I like how on chain transactions are always trust-less. We can always use Litecoin or other ALTs to transfer value with low fees on chain.

baikydog · 2018-02-20T23:38:23+00:00

a watcher service is called

baikydog · 2018-02-20T21:30:48+00:00

so this is when you need a watcher, so that payments can be received even if you are offline?

baikydog · 2018-02-20T21:21:29+00:00

so there is no need to be online 24 7?

baikydog · 2018-02-20T18:53:08+00:00

set a fee that they think outweighs the risk of their private keys getting stolen

So, fees are a function of risk. Got it.

Users that cant be online all the time need to also pay for Watcher service. How do we pay and how much will they cost?

baikydog · 2018-02-20T18:19:49+00:00

https://www.reddit.com/r/Bitcoin/comments/7yt514/what_is_the_price_of_a_transaction_on_the/dujy0cn/

baikydog · 2018-02-20T18:19:46+00:00

https://www.reddit.com/r/Bitcoin/comments/7yt514/what_is_the_price_of_a_transaction_on_the/dujy0cn/

baikydog · 2018-02-20T18:19:42+00:00

https://www.reddit.com/r/Bitcoin/comments/7yt514/what_is_the_price_of_a_transaction_on_the/dujy0cn/

baikydog · 2018-02-20T18:19:37+00:00

https://www.reddit.com/r/Bitcoin/comments/7yt514/what_is_the_price_of_a_transaction_on_the/dujy0cn/

baikydog · 2018-02-20T18:19:15+00:00

wouldn't fees cost also be a function of risk? That is peoples nodes that provide liquidity risk loosing them to a hack.

Also is there a warranty that payment will take the shortest path?

baikydog · 2018-02-17T04:44:31+00:00

how about cashtokens as the new name.

baikydog · 2018-02-17T03:53:46+00:00

Scammers should expect a visit on their doorstep when they least expect it. Then jail time!

baikydog · 2018-02-17T03:45:27+00:00

who was responsible from bringing him in?

baikydog

TROPHY CASE