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0 sats \ 0 replies \ @Notfast OP 14 Oct \ parent \ on: question about testnet mempool mempool
Thanks!!!
Thanks! I believe in regtest I would have to set up the network right?
In signet, I have seen there are lightning nodes already. Is there a way to get coins? Is there a faucet or a way to mine with cpu?
I have not read about it. I wonder however if that solution might scale, but what is more important, if that solution might handle consensus, tx broadcasting, and blocks on 100k+ nodes. Either you have something centralized like Solana (less than 1k nodes, all nodes at datacenters) or something that breaks all the time like Nano, which I believe uses DAG.
Node communication is one of the biggest challenges on Bitcoin , a problem that people usually take for granted, but devs have spent a lot of time addressing it. So I do not believe an overnight project have solved it.
Advice: do not try to think too much about convenience, or if this or that solution is better/faster than the other. Do not even focus on adoption.
You pointed out the whitepaper, focus about the key ideas: permissionless, no authority, no central banking, no money by decree. Remember the message on block 0.
Bitcoin is for bad times, and bad times are ahead, I have no doubt.
Yes. They did not mention the reward, or fee, but obviously must be huge, say 10%, depending on the outcome. I mean I would pay 10% to get 90%, instead of nothing.
Unless there is a community of interconnected minters as big and as decentralized as the bitcoin network, accepting ecash is risky in my opinon.
This guy (Joe Grand) makes very cool videos. Apart from being a great hacker, he can explain so everyone can understand.
Thanks for your answer.
I guess there is some risk, depending on the size of the user base. But right now here I feel no risk, as well as in twitter.
Hi
You solved all my doubts, thanks very much!
So I have to say Phoenix really covers all of my needs. It is very easy to use and it is very convenient for stacking sats in a cheap way.
Most important of all, funds will eventually become just one big UTXO, which is perfect for me in case dust size increases with years.
Cheers
GENESIS