**PSA: The Scaling Debate is over.** At the Berlin Lightning Hackday this weekend some #reckless people implemented a POS solution on mobile devices that allows us to accept Bitcoin via the lightning network at our bar (ROOM77).

https://twitter.com/renepickhardt/status/1036032671397437446?s=19

Stuff just got real. Real as in applied in a real world business in a real world usecase recklessly using real money.

People opened channels to our node and paid their bill and other people did not open channels to us but their payments were successfully routed and arrived in literally microseconds as well anyway.

I am herewith declaring the end of the scaling debate. This problem is solved. We can now refocus on the actual challenges like fungability and privacy in Bitcoin.

I wanna throw out the biggest thanks to Rene and all the other guys who I cannot possibly name who have contributed. Also to Jef, Christian and Josh of fulmo who did an unbelievable job bringing the people together here and making this development possible.

This kind of innovation feels like the early days of Bitcoin all over again.

edit: typo

edit 2: we've come a long way: https://www.reddit.com/r/Bitcoin/comments/62uw23/lightning_network_is_working_room77_is_accepting/

submitted by /u/joecoin
[link] [comments]
Bitcoin – The Currency of the Internet

Summary of the May 18 MIT L2 Summit, discussing layer two scaling, complete with description and links to presentation videos (+ my top 3 favorites)

List also available on Twitter: twitter.com/SomsenRuben/status/1018052262759821312

  1. Introduction (Neha Narula, Director MIT DCI). Presenting an argument why L2 scaling matters (on-chain doesn't scale). youtu.be/jzoS0tPUAiQ?t=262

  2. The Near Future of Lightning (Connor Fromknecht, Lightning Labs). An overview of lightning, discussing amps, splicing, watchtowers (encrypted blobs). youtu.be/jzoS0tPUAiQ?t=918

  3. Non-Custodial Crypto-to-Crypto Trading (Sharon Goldberg, Commonwealh Crypto Inc.), discussing ideas for decentralized exchanges. youtu.be/jzoS0tPUAiQ?t=2488

  4. Discreet Log Contracts (Tadge Dryja, MIT). An overview of the tech, similar to talks at previous events, and a demo. youtu.be/jzoS0tPUAiQ?t=4321

  5. Using Truebit for verifying offchain computations (Sami Makela, Truebit). Taking computation off-chain and only using the blockchain for disputes. Low on technical details. youtu.be/jzoS0tPUAiQ?t=5944

  6. Panel on State Channels (five participants). Talking about different state channel solutions and how they operate. youtu.be/jzoS0tPUAiQ?t=7849

  7. Interledger, L2, L3, and Beyond (Evan Schwartz, Ripple engineer). A layer between L2 solutions (seems excessive to me). youtu.be/jzoS0tPUAiQ?t=11315

  8. Scriptless Scripts (Andrew Poelstra, Blockstream). Basic overview, plus blind atomic swaps, zero knowledge contingency payments, Lightning payment hops. youtu.be/jzoS0tPUAiQ?t=12965

  9. Building yalls.org with Lightning (Alex Bosworth, Lightning App Dev). Discussing real problems from implementing Lightning micropayments, and possible mitigations. youtu.be/jzoS0tPUAiQ?t=14570

  10. Fireside Chat (Elizabeth Stark, Lightning Labs). Her experience working on Lightning. youtu.be/jzoS0tPUAiQ?t=15969

My three favorite talks (chronological):

  1. The Near Future of Lightning youtu.be/jzoS0tPUAiQ?t=918

  2. Scriptless Scripts youtu.be/jzoS0tPUAiQ?t=12965

  3. Building yalls.org with Lightning youtu.be/jzoS0tPUAiQ?t=14570

submitted by /u/RubenSomsen
[link] [comments]
Bitcoin – The Currency of the Internet

One Bitcoin Dev was detained for 12 hours at a US airport after telling them he was there to attend a Bitcoin conference (Scaling Bitcoin last year.) After a shift change, nobody knew why he was being detained and then he was released.

One Bitcoin Dev was detained for 12 hours at a US airport after telling them he was there to attend a Bitcoin conference (Scaling Bitcoin last year.) After a shift change, nobody knew why he was being detained and then he was released. submitted by /u/Bitcoin_21
[link] [comments]

Bitcoin – The Currency of the Internet

Trying to see both sides of the scaling debate

Hi there,

I am going to post this to both /r/bitcoin and /r/btc, for fairness. You may or may not be aware that I have a little podcast where I interview people in the Crypto and Bitcoin space.

My little place in the community is as someone who is not the most technically proficient but trying desperately to understand scaling. I know that from my community, there are many like me.

One thing most of us can agree on, is that we want Cryptocurrencies to grow, and be successful, therefore we want more people to join, buy coins and spend them. We also encourage people to do their research and understand what they are investing in.

As a non-technical person coming into the space, it is very hard to try and find an impartial view on the Bitcoin scaling debate. There are two very passionate camps who appear to have very passionate views on how Bitcoin should be scaled but the tribalism is scary. I have been sucked into this myself at times.

From my experience of this, I have met various people from both camps. So far I have interviewed Jameson Lopp, Charlie Lee, Roger Ver and Craig Wright. Despite the opinions people have on who I choose to interview, I try to be fair and have both sides. Also, I am not perfect, interviewing is something I am learning and new to.

An awful lot of work goes into preparing each interview, trying to research as much as I can, so I can try and see the points of view and look for gaps for which I can question. Handling each interview is difficult to, especially trying to manage a discussion, get people to answer tough questions, accept that an interview might move into an unexpected area which I don't have the knowledge of, listen to and respond to the interviewee, while also keep to my own question structure. Trust me, it is much harder than you think, especially when you are up against experienced people, if you don't believe me, try it.

In the last week alone I have interviewed a journalist from South America, and thus have been researching the history of Venezuela and socliasm, I have interviewed Roger Ver and Samson Mow, so I have tried to understand the full history of the scaling debate and the current technologies being worked on. I have flown to Japan and back, into England to spend a day with my children and then out to New York. I am not looking for sympathy, I just want people to be aware of what goes into all this.

I am trying to become more impartial but I will make mistakes and I will make judgements. There are many smart and clever people who have the debate and get into quite good technical detail, there are also many people like me who want things to be a bit simpler and want an impartial view.

When a new investor goes onto Coinbase, they will see two Bitcoin's. If they want to research which to buy, they can be met with a wall of propaganda, hate and accusations. This is very difficult to navigate and I am yet to find a solid impartial breakdown of the two.

From both sides of the debate, I have received abuse, false accusations, insults, heavy criticism of everything from my technical knowledge to my ability.

There has also been intimidation and threats.

Everything which has happened has come from both sides of the debate and from people in both camps.

Yesterday when asking questions about Lightning Network I was told that Roger had got into my head and I was becoming a big blocker. Another person sent me a DM, relentlessly arguing with me, even though I explained I was busy preparing an interview, then told me I am a small blocker idiot. This doesn't help anyone.

My own view is that I can see positives and negatives from both sides and I am happy to explore this. There are really smart people working on both sides of the scaling argument, people I respect.

I will continue to do what I do, whatever people say to me. What I do hope is that people can try and slow down a little, try and talk rather than aggressively pursue their own narrative.

What the scaling debate appears to me is different philosophical, technical and economic views on what should happen and how it should be scaled. If you have a different opinion, that is what it is, a different opinion. All others arguments and accusations which come alongside this are just wrapping the opinion.

Neither BTC or BCH are going away. It is a live split test and nobody can say with 100% absolute certainty, how this will play out. Both exist today, both will likely exist in a year, both will likely exist in 3 years but as time goes on each will face new challenges.

My hope is that both camps now just focus on themselves, focus on their approach and work on their solution. My expectation though is that it won't, the endless infighting, accusations, counter-accusations, abuse and trolling will continue.

I will do what I do and I appreciate those who have not been abusive and have been thankful and supportive to what I am doing.

Good luck, happy to answer any non-abusive questions.

Peter PS I currently mine and own both BTC and BCH but am considering selling all of both to remain as neutral as possible.

submitted by /u/mccormack555
[link] [comments]
Bitcoin – The Currency of the Internet

Roger Ver vs Samson Mow: Passionate Debates On Bitcoin Scaling At Deconomy 2018

A panel discussion dedicated to Bitcoin (BTC) scaling between Bitcoin.com CEO Roger Ver and Blockstream Chief Strategy Officer Samson Mow turned into a battle of visions at the Distributed Economy's (Deconomy 2018) first annual Blockchain forum in Seoul, South Korea, April 3rd. The two-day …
Google Alert – bitcoin

Bitcoin to See Significant Improvements in Privacy and Scaling, Impact on Price Trend

The future of Bitcoin is always interesting to keep an eye on. This year, as well as the next few years, will introduce a lot of technical changes. All of these developments – especially those pertaining to scaling – will positively impact the cryptocurrency's price in the long run.
Google Alert – bitcoin