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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 @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
    2. ~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
    3. 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
    4. 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
    5. ~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
    6. 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
    7. ~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?

      3 replies 0 retweets 0 likes
    8. 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
    9. 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
    10. Melik Manukyan  ⚡️ ludvigart.com‏ @realLudvigArt Jan 24
      Replying to @ProfFaustus @c4chaos

      I'm sorry, but #Bitcoin is just an old ethernet hub that relies on broadcast transmissions, its able to accomplish a lot of important things such as consensus, but data transmission is just not one of them. We need unicast, routed transactions.

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

      i can appreciate the main points of both of your arguments. that’s why i asked CSW to expound on his claim that “Bitcoin is not a mesh, but a near-complete graph.” i’ll be waiting for that animated paper 🍺😎🍿 meanwhile, good luck with #LightningNetwork adoption.

      7:10 AM - 24 Jan 2018
      1 reply 0 retweets 0 likes
        1. Dr Craig S Wright‏Verified account @ProfFaustus Jan 24
          Replying to @c4chaos @realLudvigArt

          We have this presented in March

          0 replies 0 retweets 2 likes
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