Bitcoin is not just a cryptocurrency, but also a new financial system comprising many components. Common examples include cryptocurrency, commodities, stocks, and bonds. While Proof-of-Work was the first and is generally the most common type of consensus mechanism for cryptocurrencies that run on blockchains, there are others - most notably proof-of-stake (PoS), which tends to consume less overall computing power (and therefore less energy). As usage grows, old power structures will erode while fresh ideas blossom. And so, yeah, this, it just stuck out as odd to me how this is not a power of 2, as almost all numbers that appear in the context of any computer protocols are. So, by the time the entire 10 BTC order is filled, you may find out that the average price paid was much higher than expected. Mark Erhardt: Yeah, I was also surprised on how much Andrew had to write about that, but yeah, it turns out that humans are not computers, and while computers are good at some things, they are not great at other things, and while humans are good at some things, they’re not very good at calculating hashes and doing elliptic curve math on paper.
>
Yeah, this actually didn’t work because some senders did not prioritize the channels that were in the route hint. Bastien Teinturier: Yeah, I think I discussed that recently with Christian and I don’t remember exactly why, but he was annoyed because this actually didn’t work. Yeah, this has never been really relied upon. 1. Yeah, anyway, those are just single-byte expressions. And on trampoline, I think that, again, people expressed interest in implementing trampoline, but I’m still waiting to see if this actually catches on, because many people are interested, but it still doesn’t seem to meet the bar for implementation in the short term. " (see the notable changes section below). Mike Schmidt: Any final words as we wrap up this section of the newsletter? Mike Schmidt: Greg, for folks that may not be completely sure of the timelines for LN-Symmetry, they may say, "Hey, you had Greg on talking about Lightning, but LN-Symmetry wasn’t even in the LN Summit notes". Greg Sanders: No. I haven’t been as deep in the argumentation like Bast
Bastien Teinturier: Yeah, and in a way, blinded path will just allow you to do that again because whenever you choose your blinded path, you can choose to make them go through your friend who wants to collect some fees through exactly the channels where you need them, when you know you have a lot of inbound liquidity and want to balance the channel. And frankly, I don’t think that it is whatsoever reasonable for anyone to do multiple hours of calculation just to do transactions, let alone multiple months and, yeah, so I don’t know. So yeah, I do think route boost is more of an interesting historical thing that was tried, but it didn’t really yield any meaningful result in practice, I believe. Mike Schmidt: There were two other items from the notes that we didn’t cover that I wanted to give either of you an opportunity to comment on. Mike Schmidt: Next question from the Stack Exchange is, "Why are there 17 native segwit v
ons?
And, Murch, you asked and https://youtu.be/r8SCcyL-MuY answered this question, and in your question you noted that usually decisions, like determining the ranges of values for something, involves binary powers of 2, which would point to something like 16 segwit versions or 32 segwit versions, but we have 17 segwit versions. This block is the point of creation of the blockchain and is the only block actually issued by a centralized authority. In constant time O(1), we can search for the block within the chain by the hash. So, by requiring a 0 CSV, you do force replaceability even though there is no wait time, because a wait time of 0 means that it can be included in the same block. That means that the Bitcoin protocol can be used to write and execute smart contracts, which enable more efficient (and cost-effective) ways of conducting business. So I’m sure you could come up with about a dozen different ways of how to handle that 0 on the stack, but you do have to handle it. Murch, I’m sure you dug through that and you have thoughts on his answer and the question generally?