Goldman Sachs Report Explores Use of Bitcoin as Currency

Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by SkyMarshal on Tuesday January 16, 2018 @01:05AM (#16156170)

jstanley makes a very good point, especially considering that Bitcoin itself is a probabilistic good-enough solution to the Byzantine Generals Problem, rather than a perfect deterministic one. But you didn't even address jstanley's question, you just repeated the exact same talking points you posted higher up in this thread, hoping that readers can't tell the difference. That is not an honest debate, but propaganda.

The constant repetition of talking points without actually addressing the critiques of those talking points may fool the gullible, but the technologically savvy see it, and it costs you your credibility with them. You guys are like Marco Rubio [1] constantly repeating the same talking points regardless what critiques are thrown your way.

[1]:https://www.youtube.com/watch?v=b4-OTvTrw1A

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by 0wing on Tuesday January 16, 2018 @02:52PM (#16161677)

I cited BGP.

You've provided no technical details, only an ad hominem fallacy.

Feel free to explain actual technical details of how LN does anything interesting, other than further centralize Bitcoin into centralized payment processor hubs?

As per the LN white paper:

  8.4 Payment Routing

  It is theoretically possible to build a route map 
  implicitly from observing 2-of-2 multisigs on the 
  blockchain to build a routing table. Note, however, this 
  is not feasible with pay-to-script-hash transaction 
  outputs, which can be resolved out-of-band from the 
  bitcoin protocol via a third party routing service. 
  Building a routing table will become necessary for large 
  operators (e.g. BGP, Cjdns). Eventually, with 
  optimizations, the network will look a lot like the 
  correspondent banking network, or Tier-1 ISPs.

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