Top PostsTop Posts
- The Pleb Economist #1: The Art of Economic Communication
- 6619 sats \ 14 comments \ @SimpleStacker \ ~econ \
January 6, 2025
- 6619 sats \ 14 comments \ @SimpleStacker \ ~econ \
- Rethinking Lightning
- 51.7k sats \ 142 comments \ @benthecarman \ ~bitcoin \
January 6, 2024
- 51.7k sats \ 142 comments \ @benthecarman \ ~bitcoin \
- AMA - John Light, bitcoin researcher
- 13.9k sats \ 39 comments \ @lightcoin \ ~bitcoin \
January 6, 2023
- 13.9k sats \ 39 comments \ @lightcoin \ ~bitcoin \
- LightningEscrow - Bitcoin escrow using the lightning network
Top StackersTop Stackers
- @k00b
- 28.9k stacked \ 19.5k spent \ 34 items \
January 6, 2025
- 28.9k stacked \ 19.5k spent \ 34 items \
- @k00b
- 25.3k stacked \ 13.9k spent \ 12 items \
January 6, 2024
- 25.3k stacked \ 13.9k spent \ 12 items \
- @lightcoin
- 13.2k stacked \ 226 spent \ 16 items \
January 6, 2023
- 13.2k stacked \ 226 spent \ 16 items \
- @k00b
- 256 stacked \ 53 spent \ 14 items \
January 6, 2022
- 256 stacked \ 53 spent \ 14 items \
Top CommentsTop Comments
- #839354 on Meme Monday - Best Bitcoin Meme Gets 10,000 Sats
- 10.1k sats \ 0 replies \ @bief57 \
January 6, 2025[...]
- 10.1k sats \ 0 replies \ @bief57 \
- #379482 on Rethinking Lightning
- 13.3k sats \ 17 replies \ @niftynei \
January 6, 2024Fundamentally, all current lightning channels could become entirely useless if on-chain fees went high enough because a single payment would require too many reserves. [...]
- 13.3k sats \ 17 replies \ @niftynei \
- #118661 on AMA - John Light, bitcoin researcher
- 1814 sats \ 1 reply \ @lightcoin \
January 6, 2023Bitcoin can already be used for NFTs and other tokens (using protocols like Counterparty, Omni, OpenAssets, Taro, etc). So while I understand why people want to try to restrict use of the blockchain to be only for BTC ecash use cases I think it would be unfair to oppose some new protocol that enables doing a lot of useful new things with BTC and also happens to allow creating and transferring other digital assets. It might even be impossible to come up with a protocol that can be used with BTC but no other digital assets (or maybe it is possible, but the tradeoffs are too restrictive even for their liking; in any case, if it were possible, I would think that the BTC-only people would have proposed it by now). [...]
- 1814 sats \ 1 reply \ @lightcoin \
- #7363 on LightningEscrow - Bitcoin escrow using the lightning network
- 215 sats \ 0 replies \ @supertestnet \
January 6, 2022Two important parts of lightning invoices are preimages and payment hashes. A preimage is 32 random bytes. When you hash it you get a payment hash. The payment hash is explicit in the seller's invoice and he gives to the buyer so he can pay the invoice with his lightning wallet. The buyer effectively "purchases" the preimage by sending a payment to an HTLC which says that the seller can withdraw the money from that HTLC only if he discloses the preimage to the buyer and signs the transaction with his private key. If he doesn't do that, the sender gets his money back after two weeks because of a timelock. The preimage + the invoice itself constitutes a proof of payment, because once the buyer has both, he must have deposited the money into the HTLC and that HTLC must have been settled by the seller (i.e. he withdrew the funds). [...]
- 215 sats \ 0 replies \ @supertestnet \