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Bitcoin Lightning Network LAUNCHED. Programmer explains. by ivanli

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· @ivanli ·
$310.45
Bitcoin Lightning Network LAUNCHED. Programmer explains.
Lightning Network might be one of the most anticipated technologies in the space of Bitcoin, blockchain and cryptocurrencies. The good news is that it's live on the main net. However still not fully tested, let's talk about it! Hope you enjoy guys!

https://www.youtube.com/watch?v=GdOUHW7b3hI
https://steemitimages.com/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx/Steemit-Flash-Steemit.gif

lightning wallet: https://zap.jackmallers.com
chart: https://lnmainnet.gaben.win
stats: http://lnstat.ideoflux.com:3000/dashb...

Thanks for watching guys 💝
🎓 Join my online academy https://academy.ivanontech.com
đŸŽ€ If you would like me to speak at your conference, book me here: https://ivanontech.com
đŸ» Join the crypto discussion forum - https://thecrypto.pub
📚 Get my free e-book on Bitcoin and Blockchain - http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up 

đŸ‘«đŸ‘­đŸ‘ŹSocial:
LinkedIn: http://linkedin.com/in/ivanliljeqvist/
Instagram: http://instagram.com/ivanontech/
Steemit: https://steemit.com/@ivanli
Facebook: http://facebook.com/ivanontech/
Exclusive email list: http://eepurl.com/c0hyc9

đŸ€‘ Buy cryptocurrencies: https://www.coinbase.com/join/529bab0...

💰 Secure your Crypto with Hardware Wallets:
Ledger: https://www.ledgerwallet.com/r/4607
Trezor: https://trezor.io/?a=rvj3rqtje3ph

DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.

Ivan on Tech by Ivan Liljeqvist
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 212 others
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@addys ·
$0.59
wow glad to know Bitcoin Lightning Network Launched!
thats great news !
thanks for sharing with us!
👍  , ,
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@ahmeddimassi ·
You Got an upvote because  this content is good and must be upvoted .

(This reply for the good contents only ) Keep going .

We all working for the good content any good content will be upvoted :)

https://78.media.tumblr.com/c7280f34fb970d7a8f01fdd84bb5db82/tumblr_inline_opk1yahfii1qlr65v_500.gif
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@avila.photo ·
Thanks for sharing this useful information consistently!
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@benkalashnikov ·
$1.60
I've never fully understood lightning network until now. Thank you for this!
👍  , , ,
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@bernardmccarthy ·
Duluth Minnesota, thanks for the info. When will this be available on more US exchanges?
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@bitgeek ·
comment
Congratulations @ivanli, this post is the third most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1282 and the total pending payments to posts in this category was $18428.13. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-27th-january-2018--part-ii). 

If you do not wish to receive these messages in future, please reply stop to this comment.
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@blizzo ·
The video was interesting. I really appreciate the information  given, it was really helpful to me personally . I hope if I subscribe I will be receiving useful information like this?  Especially bitcoin related opinions.
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@braxton101 ·
$0.05
It is awesome to see a technology so long talked about finally be implemented.
👍  ,
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vote details (2)
@crowe · (edited)
$0.91
Saw your video on youtube and had to look you up on Steemit.  Excellent work.   I'm an American living in Israel.  Looking forward to return to the states in a few months.  I'm only into Litecoin right now.  Looking forward to what Litecoin has in store for 2018.  The lightning network looks fantastic.   Cheers.    I am subscribed.  RESTEEMED.     I
👍  , , , , ,
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vote details (6)
@ivanli ·
$0.31
glad to hear my friend! :)
👍  , , ,
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@crowe ·
$0.29
Glad I found your channel.  I've been excited to see the Lightning Network up and running.   Charlie Lee was really pumping it.  Looks to be the future.  Thanks again for the video @ivanli .
👍  ,
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@realmsofcrypto ·
$0.06
Ivan. I've been watching you since you had less than 20K subs. Glad to see how far you have come. I will always value your channel for the in depth and analytical information you put forth. By far one of the best crypto channels on YouTube. Cheers
👍  , ,
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@spiftheninja ·
$0.14
You better look at a lot more than just Litecoin! If you focus too much energy on just one coin, you are bound to miss a lot. Not only knowledge, but opportunities as well.
👍  , ,
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@dahlsom ·
$0.12
I didn't realize you were on steemit... here i was following you on youtube like a sucker lol.  thanks for the post
👍  
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@danielgt ·
Keep up the good work Ivan. Seen your videos for a while and they get better every time. Don't stop and keep us informed!
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@dazk2 ·
good to hear its being used more now just in time for another btc run.
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@dennisbaxter ·
Hey Ivan, I Have a Question, How Do You Store You Master Key (Password) For steemit??? Did You keep that long password steemit generated, Write it down and do You Type it in Every Time?? Or did you change it to something a little more simple that you can type in without looking at the paper? Thank you, I love your insight my friend!!
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@farhan12 ·
Great nice project and your youtube videos also good and i join you but let me some time
👍  
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vote details (1)
@flexxy ·
$0.57
thank you for the breakdown  of cryptocurrency. Nice post
👍  ,
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@gothika47 ·
Been watching your videos for a while on youtube. Im glad you are on this site also. Thank you for your simple videos explaining almost every topic to newcommers. :)
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@grizgal ·
$0.29
This could be the saviour of bitcoin! We have to hope the release goes well!
👍  
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vote details (1)
@hidayat4u ·
it's great to hear that bitcoin lightning parogerm is lunched.
It's great news and thank u for letting us know.
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@ikimonous ·
Does anyone know what kind of network protocols are being integrated into the lightning release?  I want to run lightning VMs from one of my servers, but am double-NAT'd, so need the client to constantly ping out to keep ports open or noone will be able to see me.  I really don't want to connect direct to my modem...
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@jackwidow76 ·
from Belgium, great work Ivan!!
👍  
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vote details (1)
@jahedul2901 ·
That was helpfull!!
👍  ,
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@joshuanaaa ·
Resteemed!
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@josteem · (edited)
Thanks for explaining this.I follow you .. you are inspiration for many ^^ â€ïžâœŠđŸ‘đŸŒ
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@juv79505 · (edited)
Thank you for the video!
I am a follower of yours on facebook and I am very new into the crypto world. I am thankful to your videos that are really helpful to educate in terms of crytocurrencies or hastag.
So based on your video the way I understand it is that lightning network can help a lot of industries.

1) The recurrent transaction can be very beneficial for many people. For instance it can revolutionize freelancework, truckdriving industry for instance. Am I correct?

2) Which solution do you yourself suggests for the lightning network to not become a giant HUB and remain decentralized?

3)Lightning Network can help increase the velocity of the Bitcoin currency (which was becoming a problem) am I correct?
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@kaksisa ·
$0.59
Your best video yet Ivan! Glad you are getting the word out that Bitcoin is a multi-layer story.
👍  ,
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vote details (2)
@kanedizzle08 ·
this is awesome I am going to download this lightning wallet
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@kawcher ·
Grate job sir
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@kayjakob87 ·
:-) okey I have

![IMG-20180126-WA0001.jpg](https://steemitimages.com/DQmUqYUA3obRRrCCUuw1KJ2UH7AjN6dmkXGe9RMkpUdPoCF/IMG-20180126-WA0001.jpg)
👍  ,
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@memmaker ·
nice socks too :-)
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@sagewords ·
Whoa, that's very creative! Such commitment.
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@nickbrowe ·
$6.81
Let's hope that Ethereum doesn't take over the whole space.
👍  ,
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@steemir-app ·
I hope that is just magic marker and washes off
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@kevaton ·
What is Lightening Network all about? Anything to do with speeding up transaction confirmation time?
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@bernardmccarthy ·
Watch the video
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@mfg ·
LET THE ANON BLESS A LIGHT
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@mical ·
Steem will have its breakout any day...
  Smart media tokens
  Millions of users incoming
  Strong word to mouth community
  More ways to burn steem
  what about the theme, whether one day one theme such as colorchallenge, thanks.![](https://steemitimages.com/DQmSNyFdn4rWtMSK5B8zdjH8FHJ7QrUvE3H972ShsgGPoVZ/image.png)
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@monjan ·
ivan am so exited by the lightening network it may ease congestion in the network but at  the same time it has a risk of being centralized which may take us back to the drawing board .
👍  
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@farq ·
If you think it has a risk of being centralised then you don't really understand how it will work.
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@muhamadin ·
Nice post,,
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@n17am ·
Thanks ivanli add science to me
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@nickbrowe ·
If bitcoin is like gold, does that make ethereum like sex?
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@oblivifrek ·
Great Article, you have earned a follow, upvote & a resteem :) have a great day and Im looking forward to you next post here :)
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@ozombie ·
Thanks for explaining technical stuff so clearly, I'm no programmer, so I really appreciate when I can understand at least at a theoretical level.
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@pauls-the-second ·
I'll definitely  be reading more into this. This is fantastic, thanks for posting! Ill be following your posts in the future!
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@prettyjules158 ·
That was great video,thanks for the clever one. Now i know about bitcoin lighting network now with it bitcoin is gonna be as fast as light.That was a clever job well done.
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@rpalusz ·
I am from Wisconsin in USA
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@sadikbattaloglu ·
@sadikbattaloglu Bitcoin News
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@safetony ·
far more intresting why does haejin have to clog up all the feed.
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@silverfox1 ·
what are the requirements to become a node?
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@skyefox ·
This came through my Youtube feed the other day, glad to see you on Steemit!
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@ssjsasha ·
Tak for the information!
I see your channels have grown ever since you made the ethereum video that took off. I have watched many of your github videos and others. It is good to have a programmers view on all these different technologies. 
Thank you for your hard work.
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@ssjsasha ·
A hint to everyone, watch videos at 1.25 1.5 or 2x speed so you can watch more videos per day
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@statsmonkey ·
comment
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 284.62 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".
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@steemir-app ·
Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution - https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
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@steempark ·
$0.04
Thank you for a good article. Have a good day   :)
👍  
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vote details (1)
@taufik93 ·
Please upvote, comment resteem and follow @taufik93
Thanks to back in touch for upvote
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@the-ego-is-you · (edited)
Ivan det vore intressant, om Àn vÀldigt kontroversiellt, om du kunde prata om skillnaden i filosofi mellan Segwit kedjan och Cash kedjan samt deras respektive community.

Det tog mig relativt lÄng tid att Àndra mig frÄn att tidigare vara "pragmatisk" vad gÀller lösningar för BTCs scaling problem, men efter att förstÄtt hur jag oavsiktligt anvÀndt termer som inte var kompatibla med Satoshis definitioner av nod, P2P nÀtverk, etc, sÄ har jag lÄngsamt Àndrat mitt perspektiv sÄ att jag nu anser att blockstorleken borde ha ökats. 

Problemen med nuvarande ticker BTC gÄr mycket djupare Àn de flesta förstÄr. Det kan vara lÀtt att missa iom alla troll pÄ bÄda sidor som sprider felaktig information och argumenterar primÀrt om hur bra/dÄliga diverse layer two lösningar Àr. BCH Àr inte nödvÀndigtvis anti-LN, utan bara pro-onchain transaktioner för vanliga anvÀndare. Det Àr "tvÄnget" och beroendet av LN som irriterar och sjÀlva problemet Àr 1MB ish restriktionerna som sÄ, inte LN.

Anledningen till att sÄ mÄnga Àr upprörda pÄ bÄda sidor Àr att folk inte förstÄr varandra. BCH anvÀnder (ofta Ätmindstone) termerna i Satoshis design PDF, medan nya ticker BTC anvÀnder termer som justerats sÄ att "noder" numera inte Àr "miners". Enligt Satoshi och BCH Àr de enda riktiga noderna i nÀtverken idag solo miners och pools. Det kan verka bisarrt för den som inte var med tidigt (2010 eller sÄ) och lÀnge talat i helt andra termer samt kritiserat "centraliseringen" pÄ BTC och nu BCH nÀtverket. Synen pÄ sÀkerhet Àr givetvis ocksÄ annorlunda, men detta har sin grund i att ticker BTC anvÀnder de nya termerna och rÀknar pÄ risken helt annorlunda Àn Satoshi gjorde nÀr han konstruerade Bitcoin (vilket vi förkortade BTC Àven innan tickern skapades för trading). 

Om man följt Satoshis plan dÀr 1MB spÀrren tagits bort (helt, i praktiken) och mores law anvÀndes som grund för noder (miners och enskilda vanliga företag som minar med mycket begrÀnsad hash) hade vi aldrig haft den hÀr diskussionen och det finns faktiskt Ànnu idag sÄ lÄngt jag vet ingenting som tyder pÄ att det inte skulle ha fungerat. 

-Jag vill bara understryka hÀr att, ja, jag har gjort research. Det hÀr Àr ingen typisk spam kommentar. Det finns god grund för det jag skriver.

Om du vill snacka finns jag pÄ steemit.chat. Vore trevligt. =) 
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@theessential ·
A much needed improvement. Bottom line.
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@themanwithnoname ·
Could the Lightning network lead to universal wallets? Like you could put *any* coin in there?
👍  
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vote details (1)
@valo99 ·
Helpful post ... I was watch the clip and I learned me something about crypto... I’m new in this space and I like to be more informated .
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@vasil-danev ·
$0.67
Just finished watching your stream on youtube ! Your videos are super helpful and with so much information, thank you buddy ! :)
👍  , , , , ,
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vote details (6)
@ivanli ·
$0.06
awesome vasil! :)
👍  , ,
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vote details (3)
@steemir-app · (edited)
$0.16
Hi Ivan, love your program but this LN is not a good thing. I am a programmer too, and have just recently been through the Bitcoin code base, read the whole thing.  Segwit has a number of flaws and problems with it.  You say layer 1 will be untouched if a problem with layer 2, but that is not true.   Segwit is being pushed/invented by Pieter Wuille, the cofounder of Blockstream; Blockstream is owned by insurance giant AXA, whose CEO and Chairman is also the current Bilderberg chairmam. They are pushing for Bitcoin to become too expensive to be useful as currency; with fees of even $5 or $6 that renders it useless as a cryptocurrency; Crypto currency needs to be almost free to send (fractions of a cent). Without this it is no longer currency, it is like a Federal Reserve fiat USD toilet paper, with all kinds of fees attached. One of the supposed reasons for Bitcoin Core (Blockstream) adopting segwit, is they say it helps implement the off chain lightening network. The lightening network has been proven though, not to work, except with large centralized nodes; these nodes could be tracked and regulated and stolen from (taxed). Not only that, since they are off-chain they are open to being hacked, so it lets Bilderberg take down the whole show, if for some reason it gets away from them.

Segwit claims to solve the transaction malleability problem and lies saying this is necessary for the lightening network; it is not! Transaction malleability is only a problem when you try and spend Bitcoin that someone else sent you and it has zero confirmations (i.e. has not been included in at least one block). And the worst thing that can happen is that the transaction doesn't go through and you keep your money; the person you sent the Bitcoin to, would not get it, but it would be like you earning some money, and then spending it before you get it. The solution is to just wait 10 minutes for it to be included in 1 block, and that eliminates transaction malleability.

The real serious problem that segwit introduces is that it removes the signature data (segregated witness), to a new hacky section after the main transaction data... it really isn't Bitcoin, it is a new type of coin on the same block chain. And miners can signal for segwit and not implement it, and it is actually more profitable for them to do that; so the block sizes will remain small. The whole thing is a big mess, most likely on purpose. Because Bilderbergers can't just shutdown Bitcoin. They can however pour sugar in its gas tank, all while pretending that is going to make it run faster. After all, most people have to rely on experts that can read the code, they can't read it themselves; and these "experts", guess which "experts" get the most press, who owns the media?ï»ż

There will be no cryptocurrency future if it is tracked by government gangs; Bitcoin was invented to be used as currency to trade with each other without being robbed by government gangs (taxes)

There is a Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution.  https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

Yes, physically layer 1 may not be affected by layer 2, but once transactions are on layer 2  and completely tracked, any layer 1 transactions will also be completely tracked.  Not only that if the reputation of layer 2 gets really bad, that will ruin the reputation of layer 1 and no one will want to use it.
👍  , , , , , , ,
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vote details (8)
@vimukthi ·
Why not just stick with Bitshares, STEEM (+other DPoS blockchains with 3 second Tx) and Dash, PIVX (+other Dash ripoffs with 1.3 second Tx)
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@viralized ·
$0.03
This looks promising.. I've very excited to see how this project would pan out..
👍  
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vote details (1)
@yogalight ·
Be warned: You may lose funds! Known and unknown bugs to be worked out here. Lightning network is an awesome idea in theory and hopefully they can work out all the bugs and it becomes an effective solution to scalability which seems to be the biggest speed bump towards BTC integration.  Interested to see which direction will go towards solutions for scalability. So many different groups and coins working on one. Cheers! Thank you for this in depth explanation of the Lightening network. Lets hope they keep it decentralized.
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@zoidsoft ·
I run an internet software business and am interested in running a lightning node.  Where do I find out how to set this up?  I have 20+ years experience in app dev in windows and web dev and a few years in cross platform, but am relatively new to coding in Python.  Have finished Andreas Antonopoulos Mastering Bitcoin...  Will you @ivanli be covering this in your Academy? (I am already signed up).
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