Quote from: Lauda on November 10, 2015, 09:28:37 PM

Okay, I'm really worn out. I have no idea how to approach the thread now (after a few replies). Could you ask direct questions? What is it that you do not understand or have trouble understanding; what are your concerns?

I found the exact words from luke-jr on reddit:

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Near-instant confirmation for transactions in a trustless manner, much cheaper than the blockchain.

In other words, if some XT shill comes up here, and says that blockstream will profit from this and whatnot put them on the ignore list so that we can have a decent discussion.

Keep in mind that LN also needs a block size increase in order to scale upwards. However, even if we followed Gavin's plan and did 8 GB right now (I'm disregarding all problems with this statement, and we're going with the assumption that this is the perfect solution) it would be able to handle ~24 000 tps (3 tps at 1 MB x ~8000). This seems like a nice number doesn't it? It does not if you factor in the size of each block. We're talking about ~1 150 GB of data per day (~420 400 GB per year). Obviously this is really inefficient.

Now with the Lightning Network on the other hand:

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If all Bitcoin transactions were conducted inside a network of micropayment channels, to enable 7 billion people to make two channels per year with unlimited transactions inside the channel, it would require 133 MB blocks (presuming 500 bytes per transaction and 52560 blocks per year).

We had such a nice discussion til you came along with your "XT is bad"-bullshit. Do you have to spoil every topic with that? Nobody said a bad word about anybody. There is a world outside your stupid battle against XT.
Your post is completely off-topic. If you want to contribute, answer the question:

Quote from: spartacusrex on November 10, 2015, 04:02:02 PM

Quote from: turvarya on November 10, 2015, 03:56:10 PM

Quote from: spartacusrex on November 10, 2015, 01:50:25 PM

..
3) You cannot add funds to a room, except for those added at the inception, once the room has been created.
..

Are you sure about point 3? After all, it is just a multisig, so why shouldn't you be able to send new funds there?

No - I am not sure.. Undecided

That's pretty important though, as it changes how much you need to lock up.

Anyone ?