Chapters
0:00 The Lightning Network's trustless anonymity
Assignment of claims, a series of IOUs / forward-looking promises. You don't have to trust any of the partcipants in between, and if it's implemented properly you have no idea who the other participants are. Onion routing like Tor, i.e. one-hop information, with encrypted connections, with no idea if a person started the transaction or is relaying it from someone else, or if the person you're sending it to is the end or another relay. Increases for privacy and anonymity.
1:58 Smart contracts using multisignatures, opcodes, hashed timelock contracts (HTLC)
2:34 Incentives for intermediaries
Participating in the network, collecting very small fees. Routing to give the lowest fee or lowest latency. Transaction fees will be on a different scale: close to the marginal cost of delivering that service. Anyone charging high fees will be pushed out of the market.
4:24 If you use a less costly route with more hops, won't that introduce more settlement costs on the blockchain?
No. By adding more hops, you're cancelling out bilateral obligations for parties involved in the hops. It will reduce settlements on the blockchain.
5:03 Effect on on-chain transaction fees for miners & decentralization
Anchor and settlement transactions. This doesn't change that Bitcoin Core layer will need to be scaled - we'll do scaling on both.
6:36 Will the Lightning Network be compatible with BU?
That is up to them to decide. SegWit. You can also run the Lightning Network on top of Ethereum, or any cryptocurrency that enables the checking of hashes, multisignature contracts, and time-based controls.
This is part of a keynote talk which took place on October 19th 2016 during the Bitcoin Wednesday Meetup at the Eye Film Museum in Amsterdam, Netherlands:
https://www.meetup.com/BitcoinWednesday/events/234498117/Event Info:
http://www.bitcoinwednesday.com/event/special-edition-19-october-2016/Presentation Info:
http://www.bitcoinwednesday.com/antonopoulos-bitcoin-incubator-black-swans/RELATED:
Lightning, full nodes, and miners -
https://youtu.be/dlJG4OHdJzsDoes the Lightning Network have proof-of-stake elements? -
https://youtu.be/GOYP4O4yetQBitcoin, Lightning, and Streaming Money -
https://youtu.be/gF_ZQ_eijPsThe Lightning Network & Rootstock -
https://youtu.be/jUhe7J6-aG0Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop
https://twitter.com/aantonopWebsite:
https://antonopoulos.com/He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1:
https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8MASTERING BITCOIN:
https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042Subscribe to the channel to learn more about Bitcoin & open blockchains!
Videography: Bitcoin Wednesday
Music: "Unbounded" by Orfan (
https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (
http://www.phneep.com/)
Outro Art: Rock Barcellos (
http://www.rockincomics.com.br/)
Join the aantonop Channel:
https://aantonop.io/joinaantonopytAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
List of ours generators⚡
Random YouTube Videos Generator
Random Film and Animation Video Generator
Random Autos and Vehicles Video Generator
Random Music Video Generator
Random Pets and Animals Video Generator
Random Sports Video Generator
Random Travel and Events Video Generator
Random Gaming Video Generator
Random People and Blogs Video Generator
Random Comedy Video Generator
Random Entertainment Video Generator
Random News and Politics Video Generator
Random Howto and Style Video Generator
Random Education Video Generator
Random Science and Technology Video Generator
Random Nonprofits and Activism Video Generator