doomroot

11 ms·

91.
by doomroot 5y ago
Do you mind me asking what it costs to run a main net validator? Also how do you know the number of validators is correct? In other words can’t that be Sybiled?
92.
by doomroot 5y ago
Doesn’t that seriously centralize the network overtime?
93.
by doomroot 5y ago
Is a sovereign nation adopting bitcoin as a payment method an example of Bitcoin’s shrinking potential?
94.
by doomroot 5y ago
I think you’re referring to the monetary policy? How could monetary policy that no one is supposed to control not be conservative in the literal sense?
95.
by doomroot 5y ago
If I recall a bitcoin core dev back in the day made a website where you could just change a few variables: name, block time, block size, block reward, etc. And it would spit out your customized fork of bitcoin core. This is basically how ea
96.
by doomroot 5y ago
Is that a nano fork? No thanks.
97.
by doomroot 5y ago
For the most part your are correct. I think one distinction should be made. Economically active nodes are what matters not just any old node that someone has sitting in a closet.
98.
by doomroot 5y ago
If we outlaw money no one will rob people don’t you know?
99.
by doomroot 5y ago
China should be the exception in all cases. The don’t exactly act in a democratic or open way.
100.
by doomroot 5y ago
Low Corporate tax rates invite corporations into your country. This benefits poor countries more.
101.
by doomroot 5y ago
So a small shop that can only pay 1 fresh bootcamp dev who is trying their hardest doesn’t get your business because they can’t keep up with several hundred Frontend google devs. Seems a little silly and absolutist.
102.
by doomroot 5y ago
It’s an ongoing problem for sure, but the simple answer is users maintaining multiple well connected channels. It’s very common on lightning to pay liquidity providers to balance your channels to you. Lightning Labs has a service called loo
103.
by doomroot 5y ago
Segwit itself provided an effective 2x increase in onchain transaction capacity and it fixed transaction malleability which was necessary for lightning network. Lightning network has 50,000+ open channels where payments can be routed witho
104.
by doomroot 5y ago
The ceo of strike said they are continually promoting that banks and businesses in the El Salvador operate their own lightning network nodes & not to solely rely on them. Only the government’s official (but optional) app will be a wrapp
105.
by doomroot 5y ago
You can do far more than 3 tx per second in mainchain. Look into channel factories. 100s of trustless lightning network channels in 1 onchain transaction. Layer approach is the only viable scaling solution.
106.
by doomroot 5y ago
El Salvador is using the lightning network to facilitate transactions for the most part. They are using the work of Strike & bitcoin beach in El Salvador as an example.
107.
by doomroot 5y ago
The president said last night, in a Twitter spaces group, that they, the government, are offering a free wallet that will instantaneously transfer bitcoin to USD to any merchant that doesn’t want bitcoin exposure. He clarified that there wi
108.
by doomroot 5y ago
You can build reversibility on top of non-reversible platforms. Not the other way around. Look into bitcoin “vaults” for some interesting research in this area.
109.
by doomroot 5y ago
Runek seems more likely to be asking, why pay the very high price of putting a trusted instrument on a trustless blockchain. Which I believe is a fair question.
110.
by doomroot 5y ago
You can build a system of reversible transactions on bitcoin or any other currency (people already have). It’s impossible to do the inverse in a non reversible system.
111.
by doomroot 5y ago
We have no idea how many transactions are “in a block”. There are multiple decentralized layers aggregating thousands of transactions down into a single bitcoin block transaction. This doesn’t even begin to touch the sheer magnitude of tran
112.
by doomroot 5y ago
I think the layer approach seems to make the most sense. Much like our current system now. The difference comes from building from a strong sound money base.
113.
by doomroot 5y ago
Right.. they keep them in secure web browser wallets... (
114.
by doomroot 5y ago
Because the only threat from a 51% attack is rewriting a couple blocks until they recognized as attackers and they get kicked off the network because bitcoin users actually validate blocks. In a PoS system there is an incentive for large st
115.
by doomroot 5y ago
The important take away from this comment is that nano like other “fee-less” cryptocurrency have little use so they’re clever way to achieve these goals have not been really tested. For example nano was recently DoSd for multiple days be
116.
by doomroot 5y ago
Haven’t the people spending the GWs of power already done that?
117.
by doomroot 5y ago
With bitcoin you can produce infinitely many public keys/addresses without your private keys ever touching an internet device.
118.
by doomroot 5y ago
In the bitcoin space it’s colloquially known as the “$5 wrench attack.” All the cryptographic, air gapped security hardware doesn’t matter if someone can beat the keys out of you.
119.
by doomroot 5y ago
Yes, it helps on chain privacy. It’s currently really easy to spot a lightning network channel funding transaction. In the future these will all look like normal transactions. This softfork also provides the necessary tools to make pay-join
120.
by doomroot 5y ago
What if you’re wrong?

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