Litecoin Lord Lee leaves livelihood for luxurious lifestyle. 😎 https://t.co/JaH00OPBrV
@NayeemJunaid Anyone can fork off at any time they choose. Forks are likely to either have few followers or many fo… https://t.co/c74Gf5bOep
@AcademyDL Possibly, because it will still be cheaper to open/close channels on LTC.
@TuurDemeester No UASF reference, just some hard proof against the narrative of “SegWit is an unsafe soft fork beca… https://t.co/oLVYoVXtI2
@dgenr818 Miners will continue to collect on-chain transaction fees; it’s not possible to keep a payment channel open indefinitely.
2,000,000 BTC are now protected by P2SH, an “anyone-can-spend soft fork.” Surely miners will revert the soft fork &… https://t.co/mjaprouXi7
@dgenr818 Yep, anyone who has invested in bitcoin can “stake” their coins on LN. Miners likely have plenty to stake!
@el33th4xor @theinstagibbs A quantitative CONOP formula is one of my longstanding dreams.
@tradewithdave @el33th4xor Never put your finger on the trigger until you are sure of your target and what lies behind it.
@el33th4xor @theinstagibbs How much harder do we need to push?
Running litecoin https://t.co/WXtC2QckFp
@cjdcosta @el33th4xor @jonmatonis @francispouliot_ It’s quite relevant if the community rejects larger blocks, which seems to be the case. 😉
RT @murchandamus: @lopp Currently micropayments are restricted to third-party custodial wallet services. LN indirectly extends the reach of…
@weissjeffm @TriangleBitcoin Also be sure to sign up for the pro / tech meetup: https://t.co/zZFprtM1SU
@SouperNerd Industry. The demand is strong. You won’t have any way to stop it - it will happen between large enterprises on the back end.
If SegWit & LN don’t happen, we’ll implement payment channels that don’t allow miners to collect off-chain fees. https://t.co/P3UlGbetpz
Miners may fear revenue loss due to Lightning Network “stealing” potential on-chain tx fees, but miners can run LN nodes & collect fees.
@Adrian_Xt @ErikVoorhees Everybody wants one, but there ain’t no such thing as a free lunch.
@roysebag My IRA won’t allow me to short, but I will happily buy some bottoms from you, good sir.
@WidespreadBTC @el33th4xor @jonmatonis @francispouliot_ The dumb sheep have spoken, Emin. https://t.co/Vfl7xEOCZk
@el33th4xor It’s all speculation; can’t wait to find out 😀
@el33th4xor @jonmatonis @francispouliot_ The argument is that per (off chain) transaction fees are lower, but total… https://t.co/jTTKnyVg2S
@el33th4xor @jonmatonis @francispouliot_ Only if all else stays equal, which is highly unlikely. I outlined the cas… https://t.co/uO1zWTDcGJ
@jonmatonis @francispouliot_ Miners need to understand that off-chain scaling incentivizes users to pay even higher… https://t.co/PhlPzUltiU
@weissjeffm Hey Jeff, I hope you’ll come out to the @TriangleBitcoin meetups! Would be great to chat about what you’re working on.
@KingSolomonMine There is no judging - it simply is.
@fleshwounded I’m not referring to anything specific.
What gets pumped must get dumped.
@jgarzik Even with a $1B bounty, by the time someone actually did it, there wouldn’t be $1B in value. Not sure any… https://t.co/O39yF2KrQB
@JonathanVaage @ErikVoorhees Indeed; in other words: https://t.co/L6xtJaDaxp
@painlord2k If there are no scaling solutions implemented, expect fees to increase faster than exchange rate as they have in past year.
@coinableS @TeringNering @Bcoin The later blocks are, in fact, bigger - they have far more transaction data. Visual… https://t.co/Weu55XnUSR
@ErikVoorhees Fair enough; trade-offs aside. What size blocks required to accommodate other 5B? I suspect this will… https://t.co/HXNPzST9XG
@scottshapiro Probably worth mentioning that it may be literally impossible to acquire 11,000 L3+ ASICs. I’m not sure.
@ErikVoorhees Temporarily, sure. Fees are how these systems prevent themselves from getting oversubscribed. When th… https://t.co/tYfRMtHQkP
@ErikVoorhees Onboard a few million daily transactors onto any public permissionless blockchain at this point in ti… https://t.co/slhqNHlnFz
@brucefenton Simple economics + the fact that any miner who did would be shooting themselves in the foot. https://t.co/PljyNstWGk
@jgarzik Rough calculation: I assumed 50.001% attack running for 2 months with a 5 cent per KW/H electricity cost. https://t.co/PljyNstWGk
To reorg Litecoin far enough to deactivate SegWit & steal outputs would require over 10,823 L3+ ASICs: $14,828,075 + $685,771 of electricity
@shubh716 Post a testnet address and I’ll happily send 100 TBTC
@jgarzik Every day that goes by continues to increase cost of deactivation reorg immensely. Patience is a virtue. 😀
@jgarzik It’s a simple math problem - we know over $1M was encumbered by SegWit within first day or two of activati… https://t.co/1ijep0wphl
@barrysilbert @jgarzik I recommend reading @JaEsf’s recent post to dev list regarding timing issues. https://t.co/oHT4a6JeqU
If miners don’t signal BIP91 until July 21 (as per SegWit2x roadmap) then it will be too late to avoid chain split. https://t.co/fLxYufr4fL
The key word being “if” - past performance is no guarantee of future returns. https://t.co/TCwiNYLfME
RT @lopp: Still waiting for Litecoin miners to start stealing SegWit outputs as if they were “anyone can spend” (as the SegWit skeptics for…
@AlexVillas_ That’s not a testnet address… ¯\_(ツ)_/¯
theinstagibbs In Bitcoin if you hold short time preferences, you’re going to have a bad time.
@SimonDingle Mycelium