{"type":"rich","version":"1.0","author_name":"npub13rv3raner7hu6npy7vxxvdswdapae65pnw8jjs4c80wtp2nmg4xq9cy5l4","author_url":"https://nostr.ae/npub13rv3raner7hu6npy7vxxvdswdapae65pnw8jjs4c80wtp2nmg4xq9cy5l4","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 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"}