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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino Mar 29

      Thread re: cross-planet chains 1. Feels to me that #bitcoin is the only L1 chain that can be truly cross-planetary as it is now. Earth/Mars comms full round-trip is between 6m and 44m.

      18 replies 13 retweets 110 likes
      Show this thread
    2. Paolo Ardoino‏Verified account @paoloardoino Mar 29

      2. If a chain produces 5/10/30/120 blocks per min, the delay would not really make it usable cross-planets. And throughput / amount of info produced by so many blocks might be a limit as well.

      4 replies 2 retweets 20 likes
      Show this thread
    3. Paolo Ardoino‏Verified account @paoloardoino Mar 29

      3. Ideally Mars inhabitants could have their #LightningNetwork ⚡️ hubs to reduce settlements on #bitcoin mainchain.

      1 reply 3 retweets 23 likes
      Show this thread
    4. Paolo Ardoino‏Verified account @paoloardoino Mar 29

      4. Other chains would likely need to build a sidechain that allows balance changes only and reduce block speed to 1 block every 10 min to reduce data transmission. The sidechain will settle on mainchain via a bridge.

      2 replies 1 retweet 15 likes
      Show this thread
    5. Paolo Ardoino‏Verified account @paoloardoino Mar 29

      5. Was also thinking. The #crypto arbitrage between #bitcoin and @Tether_to $USDt Mars/Earth exchanges will be huge given the roundtrip but then asked myself: who the f**k needs fiat anyway on Mars when you ave #bitcoin .

      2 replies 2 retweets 27 likes
      Show this thread
    6. Jan Rothen ∞/21m  ⚡‏ @janrothen Mar 29
      Replying to @paoloardoino @Tether_to

      What happens if I open a #LightningNetwork payment channel from mars to earth?

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino Mar 29
      Replying to @janrothen @Tether_to

      You would need a TCP/UDP relay and latency would be huge anyway. The beauty of LN is that you can have pure P2P channels, town hubs, region hubs, cross-region hubs, etc... So no shape is mandatory. Ideally Mars should have it's own LN P2P network

      3:44 AM - 29 Mar 2021
      • 2 Likes
      • Guessing4Living Jan Rothen ∞/21m ⚡
      0 replies 0 retweets 2 likes

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