#news :
#bitcoin #lightning layer is in trouble: hackers can lock away honest node capacity, from hops on the route of the transaction, for around a day because security measures prevent peers from spending their own funds that are part of an uncompleted transaction hop, lowering the network capacity dramatically, if done right.
It is a little more complicated then that (probably), I haven't watched the video fully, as he started to talk about a solution coming from ripple.
Can we come up with solutions?
#asknostr #bitcoin #lightning #plebs?
HTLCs were a mistake: https://www.youtube.com/watch?v=qUAyW4pdooA
If they are just dropped that may save Lightning.
When he talked about a solution of ripple labs, called packetized payments, that was a big bummer for me.
It boils down to this, if I'm right: to secure the money from peers along the route that a lightning transaction makes, it locks the spend money from all hops until the transaction from sender -> receiver is fully completed.
Attackers can create a payment with a weird route trough alot of peers, to the destination (same attacker) who will ignore the transaction so it gets never completed.
But the rules are also designed for situations where people never pay back. so whenever it happens, the funds from will be paid back on-chain and the hops get their money back via lightning itself. But only afer 24hours, so everyone along that route has to wait for so long. If more attackers do this, they can lock everyones capital away and thus lowering the network capacity to send money trough it.
the solution talked about in the video talks about contsantly sending small enough packets of value, and when someone scams, only the last small bit of value is stolen.
But I dont like that solution, its easy to have farms that contstantly scam people and their small gains accumulate to big numbers. We need lightning, but in this case the security measures are TOO GOOD! The HTLC is causing too long periods of resettlement after a scam, constraining the victims.
We need another way to set a revert transaction...
maybe we can come up with a solution, this is urgent! #asknostr #swarmstr #bitcoin #lightning #plebs
Can you elaborate?
HTLCs were a mistake: https://www.youtube.com/watch?v=qUAyW4pdooA
If they are just dropped that may save Lightning.
Is it so bad???
So wonderful that you explain this nicely to me. Thank you. And giving tips is often because things could be done better. That is the literal purpose of giving tips. So if something is annoying, people are going to give suggestions, because that is how social interactions work.
I am not saying that she is annoying, some of her questions are quite nice. And answering is easier when I can answer them all at once. So I give her a tip. Pretty normal. And if it is not clear, you ask for elaboration.
I'm explaining this nicely to you because you don't seem to get it.
that you like it doesnt mean you have to insult me for giving tips. Elementary school knowledge is well.
There is a new breakaway country in Switzerland called Savoie.
Pascal is one of the Diplomats who implanted the charter.
Below is a copy of the document.
The legal legal tender is the Swiss Franc & #bitcoin
Watch this space I guess - he has been permanently cancelled from Twitter will have I try and get him here.
nostr:npub1x458tl7h9xcxa66vr4a8pg0h2qz96pnhwnfpcra0le9090uk5t5qw7armt nostr:npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcq nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1x685uqp8l53rlkmfkmkxu8qx68cz0fs3k8kn3m4nyjf7k2rchv6slr3g2v nostr:npub102a0auqvye3eayugvfwy44un9l477t45uck8s2p08xzpgh784uvslsh7w9 nostr:npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97y nostr:npub1hkcgyqnsuaradq3g5hyvfdekwypc25494nmwggwpygxas7fcs4fst860fu nostr:npub1luz2pekdsrq5rv94tqjla5f863fj5mhvmdl8gw3c50pgh705gcysapee93 nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle nostr:npub15h5n4muwsgxtc74hkcs9lp2ts7hdfdyvta4np7a7hfwfneqdeuls5qtl4k @babeswhobitcoin 
Wow
Yes, bitcoiner.guide is a great place to learn. I also like the philosophical approach that nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpchas on bitcoin. To me also understanding the relationship between bitcoin and physical reality was an important step on my journey: because bitcoin is tied to physical reality, you can't just magically change it because you have power or fiat money...
the economical aspects that make it that blockchain is only fit for economical purposes and only pow is good for that and therefore all other crypto are never fit for the task that bitcoin is picking up is really interesting.
Also, once in a period the fiat system causes chaos. It almost is already a chaos. Gold and bitcoin have the most stable rules of all assets. Really predictable.
But in the proofof work model, this money has to flow to the productive side of the economy, the working class.
with fiat, there is no guarantee for this, because rich people can bend the rules and force people to reverse transactions or to pay money to the government. With bitcoin this is impossible, possibly opening new chapters in africa
But first, start studying privacy related to bitcoin. bitcoiner.guide and bitcoin-only are good summaries for that.
He needs to watch spiderman too. those older movies were really teaching things.
Also, an economy is dependend on the honesty of its users. Bitcoin is already the most fair and neutral economical system ever created, so it is a shame if honest people ditch it in favor ofa currency controlled by corruption.
Start talking about jeffry epstein and his fiat millionairs.
This makes it super nice. I provided extra explanation you could use. Does he know about hardware wallets?
And the simple "the more people use it, the more more people it takes to disrupt the price. Aka more adoption and more usage is lower volatility.
also the fact that the dollar is stable is because it is not a free market. it takes billions worth of dollars to absorb volatility, which either gets injected, giving companies and organizations unfair advantage, or it is absorbed from the economy by hiking taxes and interest rates,enriching themselves.
