cipher_2015

You can confirm authenticity anytime, don’t worry.

I’ve got loads of ASICs in my warehouse. Hit me up if you want to chat. Check my Telegram for updates: [link]

I’m not avoiding anything here. I’m talking about a novation network that limits agreements to three nodes at a time. It’s designed to simplify the coordination. N-hop payments are a different beast, and for that, the…

Here’s an update on what I think could work best for coordinating novation. You can even set up a novation network separately first, then build out from there to support billions. A 3-node majority vote hash lock sounds…

Came a bit late to the party on the old ‘commit register’ idea. Basically, it’s about Party A promising Party B something, and it works well for any-hop payment channels.

Why the sarcasm? The question raised is totally valid. My response gives a solid explanation. People need to stop being afraid to ask questions. Only those who ask can really learn, you know?

The payment coordination for Lightning was originally set up by Ryan Fugger way back in 2003. It’s kind of like his Ripple model, but with collateral added. He had a neat idea for penalties back in 2006, but it needs a…

I really believe in the potential of the Lightning Network, especially Ryan Fugger’s original idea of multihop payments. Imagine if every user acted as an intermediary, using crypto like Bitcoin or Ether as collateral.…