@masonic_tweets Indeed, everyone should focus on building that which interests them rather than tearing down others’ pursuits :-)
Skepticism is healthy, but after thinking of all the ways an idea might fail, try thinking of ways it might succeed. https://t.co/9hL26ujmAr
2008: BTC whitepaper released.
Cypherpunks: “It’ll never work!”
2015: Lightning Network whitepaper released.
Bitcoiners: “It’ll never work!”
@cypherdoc2 It’s a design decision in open source software; if you don’t like it, you’re free to change it.
@cypherdoc2 Right, but last I heard, LN devs intend close channel tx fees to be ~10X normal in order to safeguard against market volatility.
@cypherdoc2 Open fees will be same as any regular tx; close fees face additional future prediction challenge - sounds like they’ll be high.
@cypherdoc2 “spam attacks” do pose additional challenges if miners set policies to ignore txns via characteristics other than fee rate.
Bitcoin transaction fee estimation is a goldilocks problem wrapped in a future prediction enigma shrouded by a miner mystery.
oocBlog #Bitcoin historical block size animation
goo.gl/HvlFtY pic.twitter.com/SXf3WSEzAw