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Автор: Gojora | Category: Xmr cryptocurrency calculator | Октябрь 2, 2012The center, the receiver, and the miner. So all we do with the lightning network is we replaced the miner with a network of routing nodes. And so these routing nodes are anybody, anywhere. Just like anybody anywhere can spin up a miner, anybody anywhere can spin up a routing node.
All they have to do is bring their capital and put their capital into what we call channels that connect the two of them together. Ryan Gentry : You have big hubs that are cities. And that means that every single lightning transaction is a valid Bitcoin transaction, every single Bitcoin transaction could have been a lightning transaction and benefits are lightning, it just feels much better.
I wonder at scale what type of fee… Have you heard of any type of estimates on what that fee might be if Bitcoin would go all the way? I know it really depends on how full the mem pool is and all that kind of stuff. But have you heard any numbers like that? So a large part of what we do at lightning with our Lightning Labs, with our loop product, and with our pool product is we try and take large amounts of volume and in value terms off-chain and compress it as small as possible on chains, such that say, we receive a million dollars in loop outs, which is a swap between off-chain liquidity and on-chain liquidity.
We can take that and send it to 10 different people on-chain. And I love this term is the only real way to scale a blockchain without making any compromises in economic density, the economic density of transactions, right?
What allowed for us to do is allowed for us to batch on-chain transactions together. Whereas back in the old days, maybe one input, one output would have been a single transaction. Now we can do one input, 20 inputs, one input, 1, outputs, something like that. A reasonable person sending somewhere on the order of hundreds of thousands of dollars if they wanted to, could make the transaction without having the whole thing eaten up with fees.
Ryan Gentry : Mm-hmm affirmative. Preston Pysh : Very interesting. You brought up how if you looked at an overhead view of the lightning network, it would look like a bunch of cities. I found an explorer. This is at explorer. And this is the lightning network explorer. And if I say anything wrong here, correct me. As I go down each full node that I see here has less channels that have been opened, but I can see a graphical map of them all connecting together. And it says 35, channels are open.
The lightning network is a transportation network for Satoshis. And transportation networks, we understand very well. And this is the exact same thing. Like all transportation networks, there are certain places that are really popular destinations for people to go and in this case for value to transfer. And so, like I was saying the major node, one of the other two major implementations of the lighting network software their known as called declare.
They have a great mobile wallet called Phoenix Wallet, and they have a really big note that does a lot of volume, right? Ryan Gentry : They have a lot of users that send a lot of transactions, either between themselves, through the rest of the network, et cetera, et cetera. And so, all of these, I think the next two biggest nodes are Bitfinex. They were the first major exchange to support lightning. They do a lot of trading, they have a lot of liquidity.
And so it makes total sense that they would be a top destination. Ryan Gentry : All of these nodes, I think the refill is up there, they do a ton of traffic. OKCoin just got on the lightning network two weeks ago and is already one of the top 50 nodes.
So when I think about a city and you think about all the roads that are connecting into New York city, it makes sense. Ryan Gentry : The thing about lightning is that it is, and Bitcoin too honestly. Another great episode that you did was with Jack Mallers, of course. On main net for, I think the first node was the very end of , early , right? Preston Pysh : Yeah. And people are really starting to figure out some use cases that make a ton of sense for it.
So for instance, [inaudible ] like I said earlier, they have just this great, super sleek mobile wallet. So I have a big chip on my shoulder in favor of Android and against iOS. But two, they just have this fantastic app.
Ryan Gentry : Bitfinex, again, is an exchange. And the pools of liquidity, dominant pools of liquidity, and the crypto economy are all centered around exchanges. Unlike some other exchanges that will remain nameless. So they of course have tons of capital committed because they do tons of volume.
Ryan Gentry : Bitrefill sells tons of gift cards. And so they can sell gift cards to anybody all around the world who wants. But the only way that their currency is good in that place store is with an American Google Play Store gift card. So they buy the gift card over lightning, they log in to this alternative app store, they download the app that they want and boom.
We want the network, and not for any nefarious reason just because nobody needs to know that you bought a coffee yesterday. Nobody needs to know that this small dollar payment is supposed to be cash. Nobody needs to know what you do with your cash at all.
Ryan Gentry : Yes. Argentina of course has direct experience with hyperinflation. Very user-friendly. Because why use the Argentinian peso? Ryan Gentry : We hear in the US and a lot of investors in the US as well, and we take it for granted that our payment systems are pretty good. And so we look at lightning more like, well. But like you said, we have to pay capital gains tax on selling Bitcoins or nobody is ever going to use this.
There are seven and a half billion people on the planet. And a vanishingly, small percentage of them has property rights and rule of law like we do. And so they see something like this. Ryan Gentry : Very common. The OIG notice also stated that it is already in the process of reviewing the Federal Aviation Administration's oversight of drug and alcohol testing, and that it would be conducting a "series of reviews" of drug testing programs within the transportation industry.
Don't miss it. Register today. Dealing with the surge in opioid abuse that has occurred over the last several years, including among transportation workers, is an issue where the Trump Administration has enjoyed bi-partisan support in Congress. On October 24, President Donald Trump signed the "Support for Patients and Communities" Act , a package of legislation with various titles aimed at addressing opioid and other substance abuse. One of those titles, "Fighting Opioid Abuse in Transportation," directed the Secretary of Health and Human Services to submit to Congress a status report on hair testing guidelines, which were required under the Fixing America's Surface Transportation Act of but not yet issued.
The report was required to be published before the end of the year.

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