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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Zen Crypto 🧘🏻‍♂️‏ @ZenCrypto17 28 Jun 2018
      • Report Tweet

      Andreas says that the routing problem or the optimization of it for lightning network is not our current priority. He says as of now we need better UI and ease-of-use for end-users. What do you guys think? Coz is it really that hard to make better UI?

      1 reply 0 retweets 2 likes
      Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
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      Replying to @ZenCrypto17

      The routing problem *is* the main UI issue.

      5:02 PM - 28 Jun 2018
      • 1 Retweet
      • 24 Likes
      • Chanan Sack T. Paine Matt Nguyen Ian Joyce ~ Sean Byrne Anurag Arjun (Matic Network) Muted Tommy Zen Crypto🧘🏻‍♂️
      4 replies 1 retweet 24 likes
        1. Zen Crypto 🧘🏻‍♂️‏ @ZenCrypto17 28 Jun 2018
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          Replying to @NickSzabo4

          @aantonop bro?

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. cryptomon‏ @cryptomoncom 28 Jun 2018
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          Replying to @NickSzabo4

          Cannot claim a network can serve global scale without a routing strategy to get it there. No one has figured out how to scale source routing for global use yet. Of course LN can fall back on current strategies used by internet, but would compromise decentralization and privacy.

          1 reply 0 retweets 1 like
        3. Zen Crypto 🧘🏻‍♂️‏ @ZenCrypto17 28 Jun 2018
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          Replying to @cryptomoncom @NickSzabo4

          According to andreas routing solution for millions or billions of nodes will be done when lightning has millions of nodes and not before. Please watch the video he explains it better. https://youtu.be/4KiWkwo48k0 

          2 replies 0 retweets 0 likes
        4. Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
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          Replying to @ZenCrypto17 @cryptomoncom

          We may be talking about different routing problems. I am talking about the routing problems that cause users to see "no route found" messages or similar. By far the most hostile part of the Lightning UX and crucial to solve.

          1 reply 0 retweets 0 likes
        5. cryptomon‏ @cryptomoncom 28 Jun 2018
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          Replying to @NickSzabo4

          Yeah those are different set of problems. The main issue there I see is the low reliability of routing payments of larger amounts. That part is fundamental to the contractual binding LN imposes on liquidity and will likely stay even as network matures. Other issues are solvable.

          1 reply 0 retweets 1 like
        6. Nick Szabo  🔑‏ @NickSzabo4 28 Jun 2018
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          Replying to @cryptomoncom

          One possibility is that the norm will be dual on/off chain wallets that can use on-chain as a fallback for sufficiently large amounts. Has to be invisible to the user except for a simple param or two; the normal end-user is certainly not going to navigate through the routes.

          1 reply 0 retweets 2 likes
        7. cryptomon‏ @cryptomoncom 28 Jun 2018
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          Replying to @NickSzabo4

          From UX perspective, this should improve user experience for sure.

          0 replies 0 retweets 1 like
        8. End of conversation
        1. Stein H Ludvigsen - Bitcoinˢᵛ‏ @SteinLudvigsen 28 Jun 2018
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          Replying to @NickSzabo4

          The routing problem in LN is the main BTC issue. You should try bitcoin (BCH) and check out how on chain scaling works. Recommend these two videos: https://www.youtube.com/watch?v=5SJm2ep3X_M …https://www.youtube.com/watch?v=PKFkhWWiLDk&list=PLpd9yRMC7Ebl40OAmLUI8Zev9Ixekxv6s&index=6&t=8s …

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