Not even close
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Replying to @ProfFaustus
so you really think that clusters of
#LightningNetwork payment channels will not have any ability to self-organize as it gets bigger?1 reply 0 retweets 0 likes -
Replying to @c4chaos
Exactly the opposite. They do not self organise at all, they form centralised rouyting hubs. There is no peer routing system. As it gets larger, it becomes centralised more Bitcoin self organises, it is NOT a mesh based system The brain is not a simple mesh either.
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Replying to @ProfFaustus @c4chaos
Lightning cannot self organise, there is no means to do this. It is not a planned system and commerce is not something you can forcast at the individual level. Averaging does not backcast to allow individual system design, it needs control
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Replying to @ProfFaustus @c4chaos
This is what Lightning becomes: https://www.sciencedirect.com/science/article/pii/S0895717705001639 … The ONLY way to manage this is to have centralised hubs. These direct all traffic. Settle disputes etc. You know, a trusted third party... The exact thing Bitcoin was designed not to need Oh & easy for gov to plan/control
1 reply 3 retweets 6 likes -
Replying to @ProfFaustus
#LightningNetwork is already being touted as the TCP/IP of blockchains. TCP/IP is not the best protocol for the Internet, but it was good enough to achieve#ZeroToOne dominance due to network effect. bottom line: it’s a race to hit that Metcalfe’s Law critical sweet spot.2 replies 1 retweet 2 likes -
Replying to @c4chaos
Not the same. Money and routers.... If that was it... banks already win. Sorry... Bitcoin is peer 2 peer cash not banking and swift v 2.0 As swift... banks win
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Replying to @ProfFaustus @c4chaos
Ps... TCP IS the best for the Internet. These are not analogous
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Replying to @ProfFaustus
well, some people believe so.


#LightningNetwork enables Unicast Transactions in#Bitcoin. Lightning is Bitcoin’s TCP/IP stack.https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5 …4 replies 0 retweets 0 likes -
when you say #Bitcoin is not a mesh, it’s a near-complete graph, hence it doesn’t need all this fancy network routing,
do you have a paper or article which explains this in more technical detail? why do you think people miss this idea?
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Replying to @c4chaos
Nothing simple, but we are working on a simple way to explain it
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