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rusty_twit's profile
TheRustyTwit
TheRustyTwit
TheRustyTwit
@rusty_twit

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TheRustyTwit

@rusty_twit

Free/Open Source dev. Coding Bitcoin Lightning. Disclosure: https://medium.com/@rusty_lightning/disclosure-cryptocurrency-interests-4c2d16c72c9d …

Adelaide, South Australia
rusty.ozlabs.org
Joined September 2015

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    1. TheRustyTwit‏ @rusty_twit Feb 23

      So @alexbosworth doesn't understand the Lightning Spec process. I thought Lightning Labs had been so quiet in the last two years because (1) @roasbeef is the only one there who's allowed to do spec stuff (2) profitability lead them to pivot to proprietary centralized offerings.

      6 replies . 21 retweets 157 likes
      Show this thread
    2. TheRustyTwit‏ @rusty_twit Feb 23

      Turns out they've decided they can leverage network dominance into protocol control, and the spec process isn't "real". Mea culpa: I have spent far too much time on the spec process, and not enough on implementation polishing and marketing. That changes today.

      5 replies . 7 retweets 107 likes
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      TheRustyTwit‏ @rusty_twit Feb 23

      Lightning Labs has claimed ownership of the Lightning network in many ways: I've been reluctant to call them out in public. But the lightning network and community deserves better. They didn't implement it first, they didn't implement it best. Their community is great though!

      4:35 pm - 23 Feb 2022
      • 34 Retweets
      • 189 Likes
      • Matt Spann DΛVID 🟢 Federico Pedemonte ⚡ SOFRAIN⚡️ ₿𝔢𝔫 ∞/21M 🦢⚡️💊🧠📚🇳🇿🇩🇪Ⓐ🏴🌹 Johnny 🍁⚡East Side Tony⚡ 🇸🇻 cyre.casa ⚡🌋📡🛰️ #diazMelgarejo 🟢 cyre.near Moritz 👻
      10 replies . 34 retweets 189 likes
        1. TheRustyTwit‏ @rusty_twit Feb 23

          And BTW, this is a minimal bolt12 offer: lno1pg257enxv4ezqcneype82um50ynhxgrwdajx283qfwdpl28qqmc78ymlvhmxcsywdk5wrjnj36jryg488qwlrnzyjczs The format shrunk after some great wallet dev feedback last year: it's pretty sweet. You should try it!

          2 replies . 6 retweets 99 likes
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        1. BTC Ninjas‏ @BTC_Ninjas Feb 23
          Replying to @rusty_twit

          In many ways? What are the top few? I didn't realize this was occurring...

          0 replies . 0 retweets 2 likes
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        2. Ankur‏ @ankurfr Feb 23
          Replying to @rusty_twit

          If I had a chance to start all over again, I'd pick c-lightning - just for the plugins. The pre-existing large channels are community lock-in moat for the Lightning Labs, as it's not possible to move channels. I know a few teams running large wallet nodes who feel the same.

          2 replies . 2 retweets 14 likes
        3. Rene Pickhardt‏ @renepickhardt Feb 23
          Replying to @ankurfr @rusty_twit

          Don't get vendor locked in. It's still early enough. Sure channels are expensive to rebuild but it might be worthwhile

          1 reply . 0 retweets 12 likes
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        1. Rene Pickhardt‏ @renepickhardt Feb 23
          Replying to @rusty_twit

          I haven't been brave enough yet to do that. I tried to in several Twitter spaces but I think it never worked. Glad you are standing up. Thank you!

          0 replies . 1 retweet 24 likes
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        2. DuckDuckGoingGoingGone HONK‏ @andr3wkeir Feb 23
          Replying to @rusty_twit

          hrmm. This seems wildly problematic at first glance. Can you provide more details to how they have "claimed" ownership? It sounds (from comments) the primary concern is dominance over channel liquidity? Is this accurate, or not? More information would be very much welcomed

          1 reply . 0 retweets 2 likes
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        1. Raw Material‏ @RawMaterialNYC Feb 24
          Replying to @rusty_twit @renepickhardt

          Lightning labs is doodoo

          0 replies . 0 retweets 0 likes
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