📅 Original date posted:2015-08-11
📝 Original message:Lightning *depends* on global consensus in order to function. You can't use
it without a global consensus network at all. So given that there is
absolutely a place for a global consensus network, we need to decide
whether the cost to participate in that global consensus will be limited
above or below the capability of technology. In a world where anybody can
step up and fork the code, it's going to be hard for anyone to artificially
set the price of participating in global consensus at a rate higher than
what technology can deliver...
On Tue, Aug 11, 2015 at 1:51 PM, Bryan Bishop <kanzure at gmail.com> wrote:
> On Tue, Aug 11, 2015 at 1:46 PM, Michael Naber via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > Note that lightning / hub and spoke do not meet requirements for users
> > wishing to participate in global consensus, because they are not global
> > consensus networks, since all participating nodes are not aware of all
> > transactions.
>
> You don't need consensus on the lightning network because you are
> using bitcoin consensus anyway. Commitment transactions are deep
> enough in the blockchain history that removing that transaction from
> the history is impractical. The remaining guarantees are ensured by
> the properties of the scripts in the transaction. You don't need to
> see all the transactions, but you do need to look at the transactions
> you are given and draw conclusions based on the details to see whether
> their commitments are valid or the setup wasn't broken.
>
> - Bryan
> http://heybryan.org/
> 1 512 203 0507
>
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Michael Naber [ARCHIVE] /
npub13r…cy5l4
2023-06-07 17:33:45
in reply to nevent1q…llzq
Author Public Key
npub13rv3raner7hu6npy7vxxvdswdapae65pnw8jjs4c80wtp2nmg4xq9cy5l4Published at
2023-06-07 17:33:45Event JSON
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"content": "📅 Original date posted:2015-08-11\n📝 Original message:Lightning *depends* on global consensus in order to function. You can't use\nit without a global consensus network at all. So given that there is\nabsolutely a place for a global consensus network, we need to decide\nwhether the cost to participate in that global consensus will be limited\nabove or below the capability of technology. In a world where anybody can\nstep up and fork the code, it's going to be hard for anyone to artificially\nset the price of participating in global consensus at a rate higher than\nwhat technology can deliver...\n\nOn Tue, Aug 11, 2015 at 1:51 PM, Bryan Bishop \u003ckanzure at gmail.com\u003e wrote:\n\n\u003e On Tue, Aug 11, 2015 at 1:46 PM, Michael Naber via bitcoin-dev\n\u003e \u003cbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e \u003e Note that lightning / hub and spoke do not meet requirements for users\n\u003e \u003e wishing to participate in global consensus, because they are not global\n\u003e \u003e consensus networks, since all participating nodes are not aware of all\n\u003e \u003e transactions.\n\u003e\n\u003e You don't need consensus on the lightning network because you are\n\u003e using bitcoin consensus anyway. Commitment transactions are deep\n\u003e enough in the blockchain history that removing that transaction from\n\u003e the history is impractical. The remaining guarantees are ensured by\n\u003e the properties of the scripts in the transaction. You don't need to\n\u003e see all the transactions, but you do need to look at the transactions\n\u003e you are given and draw conclusions based on the details to see whether\n\u003e their commitments are valid or the setup wasn't broken.\n\u003e\n\u003e - Bryan\n\u003e http://heybryan.org/\n\u003e 1 512 203 0507\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150811/461e58f0/attachment.html\u003e",
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