In the 1990’s it would have been logical to say that tcp/ip will never be able to stream live video but it would have been completely wrong.

In 2024 it is completely logical to say most people on the planet will not be able to hold btc in a trustless way… my gut is that once again what is logical today is simply not bullish enough on the future.

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bitcoin cant hit 100k becausw 100k is a number and a letter and bitcoin is energy abstracted and doesnt have a physical consistency, it cant hit things, expecially semantic abstractions like numbers and letters, checkmate bitcoiners

bitcoin can't hit 100k because that rhymes with hay and say and neigh and horses eat hay

thanks my fiat friend for the math proofs, hope these degen will finally understand 🙏

i borrowed this reasoning technique from the NPC "Gazi" in the game "Dying Light", Gazi is always right, and if mamma not happy, nobody happy

my fiat friends, the world would be better if there would be more npcs and less bitcoiners 🙏

It doesn’t matter what fiat currency price it is trust less only if it is permissionless

What matter is permissionless principal

Cannot be both

https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle

sorry, I dont have my wifes permission to engage in this conversation

Your wife does not respect you!

TCP/IP is still a bit shit for live streaming tho, just that little bit more latency, but what makes up for it is chunking the data and good error correction algorithms

CDs and multiple other technologies were starting to use Reed Solomon Erasure Coding in the late 80s but it wasn't until this was applied and extended to properly account for streaming video frames that TCP really became ok to use

but you still can't use TCP/IP for realtime critical streaming... when TCP/IP hits crunchy packet loss, it will lagggggg your shit out and the only way around that is to use a protocol that just tries to establish a new connection in parallel

error correction and UDP still works better, it's just a pain for managing flow rates relative to TCP/IP

The thing is, to scale TCP/IP we just needed to build bigger pipes. You know how that ended up for Bitcoin...

A. 1:N cryptographically secured digital contract transferrable via ecash tokens (not necessarily through chaumian mints) can scale bitcoin well beyond what is needed to make it a global currency

To be fair, we’ve also cut the bandwidth needed to stream live video by many multiples.

being a geek, I must say that is why RTP, WebRTC and RTSP rely today on UDP over IP

it's also logical that trusting LN custodians on layer 2 with a little stack simply solves settlement latency charactersistics of on-chain txs

TCP/IP always was suitable for streaming video. It was the infrastructure that couldn't handle it in the 90's. In 1994 I worked on something colloquially called "the shark fin" that had asic digital video transcoders and could stream bidirectional video conference via the internet, and it was reliable and high quality.