From: Lloyd Fournier <lloyd.fourn@gmail•com>
To: Luke Dashjr <luke@dashjr•org>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Cc: "lightning-dev\\\\@lists.linuxfoundation.org"
<lightning-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] On the scalability issues of onboarding millions of LN mobile clients
Date: Tue, 5 May 2020 23:16:01 +0800 [thread overview]
Message-ID: <CAH5Bsr27rN1SE166ON_q49=MNti0v7Vyn6s6T5R3=LC69K2QdQ@mail.gmail.com> (raw)
In-Reply-To: <202005051300.38836.luke@dashjr.org>
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On Tue, May 5, 2020 at 9:01 PM Luke Dashjr via bitcoin-dev <
bitcoin-dev@lists•linuxfoundation.org> wrote:
> On Tuesday 05 May 2020 10:17:37 Antoine Riard via bitcoin-dev wrote:
> > Trust-minimization of Bitcoin security model has always relied first and
> > above on running a full-node. This current paradigm may be shifted by LN
> > where fast, affordable, confidential, censorship-resistant payment
> services
> > may attract a lot of adoption without users running a full-node.
>
> No, it cannot be shifted. This would compromise Bitcoin itself, which for
> security depends on the assumption that a supermajority of the economy is
> verifying their incoming transactions using their own full node.
>
Hi Luke,
I have heard this claim made several times but have never understood the
argument behind it. The question I always have is: If I get scammed by not
verifying my incoming transactions properly how can this affect anyone
else? It's very unintuative. I've been scammed several times in my life in
fiat currency transactions but as far as I could tell it never negatively
affected the currency overall!
The links you point and from what I've seen you say before refer to "miner
control" as the culprit. My only thought is that this is because a light
client could follow a dishonest majority of hash power chain. But this just
brings me back to the question. If, instead of BTC, I get a payment in some
miner scamcoin on their dishonest fork (but I think it's BTC because I'm
running a light client) that still seems to only to damage me. Where does
the side effect onto others on the network come from?
Cheers,
LL
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next prev parent reply other threads:[~2020-05-05 15:16 UTC|newest]
Thread overview: 31+ messages / expand[flat|nested] mbox.gz Atom feed top
2020-05-05 10:17 Antoine Riard
2020-05-05 13:00 ` Luke Dashjr
2020-05-05 13:49 ` [bitcoin-dev] [Lightning-dev] " ZmnSCPxj
2020-05-05 17:09 ` John Newbery
2020-05-06 9:21 ` Antoine Riard
2020-05-05 15:16 ` Lloyd Fournier [this message]
2020-05-12 21:05 ` [bitcoin-dev] " Chris Belcher
2020-05-13 19:51 ` [bitcoin-dev] [Lightning-dev] " Antoine Riard
2020-05-14 4:02 ` ZmnSCPxj
[not found] ` <45FD4FF1-1E09-4748-8B05-478DEF6C1966@ed.ac.uk>
2020-05-14 15:25 ` Keagan McClelland
2020-05-17 9:11 ` Christopher Allen
2020-05-14 15:27 ` William Casarin
2020-05-17 3:37 ` Antoine Riard
2020-05-06 9:06 ` [bitcoin-dev] " Antoine Riard
2020-05-06 16:00 ` [bitcoin-dev] [Lightning-dev] " Keagan McClelland
2020-05-07 3:56 ` Antoine Riard
2020-05-07 4:07 ` Keagan McClelland
2020-05-08 19:51 ` Braydon Fuller
2020-05-08 20:01 ` Keagan McClelland
2020-05-08 20:22 ` Braydon Fuller
2020-05-08 21:29 ` Christopher Allen
2020-05-09 7:48 ` Antoine Riard
2020-05-06 0:31 ` Olaoluwa Osuntokun
2020-05-06 9:40 ` Antoine Riard
[not found] ` <CACJVCgL4fAs7-F2O+T-gvTbpjsHhgBrU73FaC=EUHG5iTi2m2Q@mail.gmail.com>
2020-05-11 5:44 ` ZmnSCPxj
2020-05-12 10:09 ` Richard Myers
2020-05-12 15:48 ` ZmnSCPxj
2020-05-08 19:33 ` Braydon Fuller
[not found] ` <CAGKT+VcZsMW_5jOqT2jxtbYTEPZU-NL8v3gZ8VJAP-bMe7iLSg@mail.gmail.com>
2020-05-06 8:27 ` Antoine Riard
2020-05-07 16:40 ` Igor Cota
2020-05-09 7:22 ` Antoine Riard
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