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
-
-
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
2 replies 1 retweet 4 likes -
Replying to @ProfFaustus @c4chaos
Ps... TCP IS the best for the Internet. These are not analogous
1 reply 0 retweets 2 likes -
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 -
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 -
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 -
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 -
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 -
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
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.
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.