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c4chaos's profile
~C4Chaos
~C4Chaos
~C4Chaos
@c4chaos

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~C4Chaos

@c4chaos

the man, the mortal, the hero, to zero.... (hyper)streaming with passion and compassion... #cryptotrifecta #HODLandChill #hardcoredharma $TSLA

everywhere and nowhere
c4chaos.com
Joined January 2007

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    1. Dr Craig S Wright‏Verified account @ProfFaustus Jan 23
      Replying to @c4chaos

      Not even close

      1 reply 0 retweets 2 likes
    2. ~C4Chaos‏ @c4chaos Jan 23
      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
    3. Dr Craig S Wright‏Verified account @ProfFaustus Jan 23
      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.

      3 replies 1 retweet 6 likes
    4. Dr Craig S Wright‏Verified account @ProfFaustus Jan 23
      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

      2 replies 0 retweets 2 likes
    5. Dr Craig S Wright‏Verified account @ProfFaustus Jan 23
      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
    6. ~C4Chaos‏ @c4chaos Jan 23
      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
    7. Dr Craig S Wright‏Verified account @ProfFaustus Jan 23
      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

      2 replies 1 retweet 4 likes
    8. Dr Craig S Wright‏Verified account @ProfFaustus Jan 23
      Replying to @ProfFaustus @c4chaos

      Ps... TCP IS the best for the Internet. These are not analogous

      1 reply 0 retweets 2 likes
    9. ~C4Chaos‏ @c4chaos Jan 23
      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
    10. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
      Replying to @c4chaos

      I wonder if they understand muilticast... A part of the issue is that all nodes end with knowledge of a TX, and unicast means that this is many many hops.

      1 reply 0 retweets 2 likes
      ~C4Chaos‏ @c4chaos Jan 24
      Replying to @ProfFaustus

      according to @realLudvigArt, author of that #LightningNetwork article, multicast turns Bitcoin into a “server-client model”. thus it will not scale like the internet which uses TCP/IP. why is this comparison incorrect in your view?

      6:42 AM - 24 Jan 2018
      3 replies 0 retweets 0 likes
        1. New conversation
        2. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
          Replying to @c4chaos @realLudvigArt

          Multicast IS a part of TCP/IP And they have it wring

          1 reply 0 retweets 1 like
        3. Melik Manukyan  ⚡️ ludvigart.com‏ @realLudvigArt Jan 24
          Replying to @ProfFaustus @c4chaos

          Broadcast is also in IP. Unicast is also in Ethernet. I go over this in the section: "(I understand that these data transmission forms exist in both Ethernet and IP)" Unicast is the most common form of IP traffic on the Internet. That is why I made the *analogies*.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. Melik Manukyan  ⚡️ ludvigart.com‏ @realLudvigArt Jan 24
          Replying to @c4chaos @ProfFaustus

          Settlement of #bitcoin transactions (included in a mined block) on the #blockchain is more synonymous with broadcast data transmission than multicast. If @ProfFaustus actually read the article, he would have seen that I connected it to broadcast transmissions and not multicast.

          1 reply 0 retweets 2 likes
        3. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
          Replying to @realLudvigArt @c4chaos

          No, you keep thinking in nterms of a mesh such as the Internet. Bitcoin is a near complete small world. Apples and Cats... not even close

          2 replies 0 retweets 1 like
        4. ~C4Chaos‏ @c4chaos Jan 24
          Replying to @ProfFaustus @realLudvigArt

          and here we go again with that “Bitcoin is not a mesh” thing. it would really be helpful if there’s a paper or technical article that explains this in simple language and diagrams! Twitter doesn’t cut it 😎🍸

          1 reply 0 retweets 1 like
        5. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
          Replying to @c4chaos @realLudvigArt

          I am working on it But I need to ELI5 it and that is time consuming

          2 replies 0 retweets 2 likes
        6. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
          Replying to @ProfFaustus @c4chaos @realLudvigArt

          We are even getting it animated

          1 reply 0 retweets 2 likes
        7. ~C4Chaos‏ @c4chaos Jan 24
          Replying to @ProfFaustus @realLudvigArt

          ~C4Chaos Retweeted

          hah! looking forward to it. meanwhile, is that debate with the bestest libertarian thinker in the universe still on? 🍿😎🍺 https://twitter.com/ProfFaustus/status/956088572335009792 …

          ~C4Chaos added,

          This Tweet is unavailable.
          1 reply 0 retweets 0 likes
        8. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
          Replying to @c4chaos @realLudvigArt

          Who is that?

          1 reply 0 retweets 1 like
        9. ~C4Chaos‏ @c4chaos Jan 24
          Replying to @ProfFaustus @realLudvigArt

          ~C4Chaos Retweeted Stephan Kinsella

          drinking alcohol, i.e. scotch, during that debate should be allowed 🍸😎https://twitter.com/NSKinsella/status/956173186231603200 …

          ~C4Chaos added,

          Stephan KinsellaVerified account @NSKinsella
          Replying to @ProfFaustus @scottbuszard @StackmyBCHup
          Moderated debates are boring and never get anywhere. But sure I’ll do a moderated one. Friday? Saturday? Sunday?
          1 reply 0 retweets 1 like
        10. 1 more reply

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