RE: RGB Protocol-Tokens built on LN by patrickulrich

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busy · @patrickulrich · Jun 23 '19

Lightning is a complete game changer. It's everything I hoped I was getting into on Bitcoin's base layer but 100x better. 

I think if Steem seeks to survive we should be spending less time debating the stuff that's making it into HF21 and more time finding devs to propose a HF include a BTC peg tied into a protocol like Lightning or Liquid. That would be real innovation vs changing a few sliders on the economics and integrating a WPS that's existed on other platforms for years.

👍 sames

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@sames · Jun 23 '19

I agree with you for the most part. 
LN is a game changer. However until some few things that can really scale LN(to workable use) such as Watchtower, Eltoo, Bidirectional channel and some type of batching maybe atleast Hyperloop or Channel factory? 
But whatever the case it a game changer. Honestly at the rate we are going a HF to inc blockchain size might not even be needed. I read some estimates that Hyperloop can scale LN to serve 3 Billion people a year! 

Indeed. DPOS was meant to make HF much easier to do but when you really do it lol 
HF are just to hard and can be beyond messy. As such I like SMT/Steem Engine it allowing content to scale offchain ie palnet and weedcash. Trying diff stuff out without affecting mainchain while not hurting the main chain the same time! 
Pegging is hard. Federation model exists for centralized services so it good for them. Liquid some call a glorified hot wallet. 
But whatever the case Steem will need to follow and embrace offchain solution more.

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@patrickulrich · Jun 23 '19

I'm actually not up to date on Hyperloop but after reading that estimate I will have to look at it more now! With all of the activity I see being offloaded to Lightning/Liquid/ETC I have to agree with Luke and believe we may even face a situation in the future where we'll need to SF to lower the blocksize. I'm hopeful that lots of layer 1 solutions will help ensure that fees remain high enough to be able to support our currently block size. Regardless those are issues for far enough in the future that we don't have to be concerned yet.

I really like the SE model of existing on top of Steem but still have fears of how centralized it is right now. I'm sure that will change in the future. It's an extremely innovative way to get the ball rolling for SMTs at the very least.

I don't think I remember seeing you ever really write a lot about SPORTS but would still like to offer you to join our Tribe on SE. It's just getting started but I think we'll grow and hopefully bring new content producers to Steem. It's based around the SPORTS token and you can find our condenser at sportstalk.social. I sent you some seed tokens to start voting if you have any interest. I hope to see you around if you do!

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@sames · Jun 23 '19

Interesting. Never hear of Sports. Will check it out. 

Yeah mining sustainable is the hard part. 
There are some alt than just pure Tx fee. 
https://twitter.com/bitmaster177/status/1103851483068592128

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@sames · Jun 23 '19

$0.05

This is the estimate where I got :
https://youtu.be/CyieujRFk3g?t=5204

👍 patrickulrich

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