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The Crypto Prophecies

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Reddit Posts

r/CryptoCurrencySee Post

The next billion users

r/CryptoCurrencySee Post

Polkadot 🤝 Cosmos

r/BitcoinSee Post

Node troubles

r/BitcoinSee Post

| Ch. 1 | From Concept to Reality: The Birth and Growth of #Bitcoin 🍊

r/BitcoinSee Post

need help configuring node

r/BitcoinSee Post

A few questions.

r/SatoshiStreetBetsSee Post

🚨 TCP Is available on the Play Market 🚨 💁‍♂ Enjoy the exciting #P2E experience on #Android with even fewer barriers Download The #CryptoProphecies for FREE 👇 https://play.google.com/store/apps/details?id=com.quazard.tcp

r/CryptoMoonShotsSee Post

Missed Cult & The protocol ?! Dont miss The Cult Protocol

r/CryptoMoonShotsSee Post

If you missed #CULT & #THEProtocol ?! Don't miss the Cult Protocol - play the game and earn TCP tokens

r/CryptoCurrencySee Post

Still trying to get my Monero cpu mining rig going, any thoughts?

r/CryptoCurrencySee Post

The Worlds First Trust Network

r/CryptoCurrencySee Post

Cosmos - Internet of Blockchains

r/BitcoinSee Post

Is port forwarding to two nodes on the same router possible?

r/BitcoinSee Post

Is port forawrding to two nodes on the same router possible?

r/BitcoinSee Post

Would Bitcoin survive the apocalypse?

r/CryptoCurrencySee Post

TCP/IP ... Bitcoin and beyond

r/BitcoinSee Post

Which currency would be most likely to survive a Nuclear War?

r/CryptoCurrencySee Post

What is crypto about, and why is it so confusing?

r/CryptoCurrencySee Post

Crypto as The Future.

r/CryptoCurrencySee Post

Quant will connect the Metaverse

r/CryptoCurrencySee Post

Response from Wikimedia as to why they stopped Crypto donations (facepalm). And the link there goes to Bitpay (double-facepalm).

r/BitcoinSee Post

Response from Wikimedia as to why they stopped Bitcoin donations (facepalm). And the link there goes to Bitpay (double-facepalm).

r/CryptoCurrencySee Post

We're still early, we will be for the next 25-50 years

r/CryptoCurrencySee Post

A model for a decentralized peer-to-peer web3 crypto-economy.

r/CryptoCurrencySee Post

Understanding Nervos’ 2022 Roadmap: With Chief Architect Jan Xie

r/BitcoinSee Post

help opening port 8333

r/BitcoinSee Post

Run Bitcoin Core 22.0 on Termux (Android)

r/CryptoCurrencySee Post

AMA with Nervos Network lead architect Jan Xie. Earlier today we had an AMA with Jan in our telegram group. Here’s what he had to say

r/CryptoCurrencySee Post

UNPOPULAR: CBDC's going to happen and QNT will skyrocket.

r/CryptoCurrencySee Post

Comparing bitcoin with the rest

r/CryptoCurrencySee Post

Here is how Ethereum COULD scale without increasing centralisation and without depending on layer two's.

r/CryptoCurrencySee Post

Here is how Bitcoin COULD scale to have 1 Gigabyte big blocks without increasing centralisation and without having to depend on custodial Lightning wallets.

r/BitcoinSee Post

BTC doesn't have intrinsic value in the traditional sense. We need to get past this.

r/CryptoCurrencySee Post

How does Chainlink's CCIP differ from Cosmos?

r/CryptoCurrencySee Post

How does Chainlink's CCIP differ from Cosmos?

r/CryptoCurrencySee Post

On Web 3 and decentralization and stuff

r/BitcoinSee Post

[question] RPC in Bitcoin Core: one full user, and several limited

r/CryptoCurrencySee Post

Decentralization is not necessarily a good thing

r/CryptoCurrencySee Post

The real Satoshi Nakamoto?

r/CryptoCurrencySee Post

If Blockchain will have the same impact as the Internet, we’re still VERY early

r/CryptoCurrencySee Post

There are 56 million millionaires in the world. There will only ever be 21 million Bitcoin. All the millionaires in the world can’t even have 1 BTC each.

r/CryptoCurrencySee Post

Why I’m All In: Memories of the 90s

r/CryptoCurrencySee Post

Bitcoin/Ethereum is the most effective tax on the rich in human history

r/CryptoCurrencySee Post

My thoughts on why to hodl Bitcoin is a no-brainer.

r/BitcoinSee Post

My thoughts on why to hodl Bitcoin is a no-brainer.

r/CryptoCurrencySee Post

Did you know Bitcoin can scale up to 4000 tx per second and still remain decentralised where full nodes can be run by hobbyists? Here is how:

r/CryptoCurrencySee Post

What’s the deal with Quant?

r/CryptoCurrencySee Post

Web 3 and Crypto, this is why Blockchain is the future ( long read )

r/SatoshiStreetBetsSee Post

My 2c about the current IOTA rally as a trader, and as an IOTA holder since ICO

r/CryptoCurrencySee Post

Unpopular Opinion: Solana is in Beta, and is not equivalent to many other Crypto projects.

r/CryptoCurrencySee Post

Creating a worldwide foundation, representing every crypto and promoting broad adoption

r/CryptoCurrencySee Post

Len Sassaman and Satoshi: a Cypherpunk History

r/CryptoCurrencySee Post

100 Crypto Quotes - The Good, the Bold and the Ugly

r/CryptoCurrencySee Post

I've been in this for 11 years now. Here's my objective take on Bitcoin vs Ethereum and why Ethereum cannot usurp Bitcoin

r/CryptoCurrencySee Post

I've been in this for 11 years now. Here's my objective take on Bitcoin vs Ethereum and why Ethereum cannot usurp Bitcoin

r/CryptoCurrencySee Post

Types of orders for beginners

r/BitcoinSee Post

Lightning Network Explained by Harris Brakmić

r/CryptoCurrencySee Post

Who can unlock the mystery

r/CryptoCurrencySee Post

Longs vs Shorts, leverage, margin and liquidations explained for beginners

r/CryptoCurrencySee Post

Why You Should Own At Least 100 Chainlink Tokens — $LINK

r/CryptoCurrencySee Post

Education

r/CryptoCurrencySee Post

There are 56 million millionaires in the world. There will only ever be 21 million Bitcoin. All the millionaires in the world can’t even have 1 BTC each.

r/CryptoCurrencySee Post

Cryptographic hashing for the blockchain. What is it?

r/BitcoinSee Post

Bitcoin as "Mutually Assured Preservation" - Jason Lowery, US Space Force | MIT

r/CryptoCurrencySee Post

Inflation vs Deflation

r/CryptoCurrencySee Post

BlockChain Layers

r/CryptoCurrencySee Post

BTC Halving explained

r/CryptoCurrencySee Post

Smart Contracts Explained

r/CryptoCurrencySee Post

Fractional Reserve Banking Explained

r/CryptoCurrencySee Post

Defi hacks and exploits explained

r/CryptoCurrencySee Post

AUGUST UPDATE - Experimenting with low market cap coins.

r/CryptoCurrencySee Post

Educational Topic Ideas

r/CryptoCurrencySee Post

Liquidity Pools Explained

r/CryptoCurrencySee Post

Dusting Attacks Explained

r/CryptoCurrencySee Post

Arbitrage Explained

r/CryptoCurrencySee Post

Lump sum vs Cost averaging

r/CryptoCurrencySee Post

The Smart Money Market Cycle

r/CryptoCurrencySee Post

Mike Tyson asks "Which do you prefer, BTC or ETH?"

r/CryptoCurrencySee Post

Mike Tyson: "Which do you prefer, BTC or ETH?". Let's have a debate!

r/BitcoinSee Post

How is Bitcoin a protocol?

r/BitcoinSee Post

Ever wonder how bitcoin nodes talk to each other? Tutorial covering the raw details behind the TCP based bitcoin wire protocol.

r/CryptoCurrencySee Post

The first 10 years of crypto feel like the first 10 years of the internet

r/CryptoCurrencySee Post

Crypto is not like Gold, Dollars or Stocks !

r/CryptoCurrencySee Post

UPDATE - Experimenting with low market cap assets

r/BitcoinSee Post

Bitcoin: A Peer-to-Peer Electronic Cash System, by Satoshi Nakamoto, 2008 / explained

r/CryptoCurrencySee Post

Critical optimism is better than blind faith

r/CryptoCurrencySee Post

Thoughts from an old timey programmer on blockchain . . .

r/CryptoCurrencySee Post

DeFi Explained: A list of blockchains supporting DeFi

r/CryptoCurrencySee Post

Explain what I buy when buying ETH, ADA, POLKDATOT

r/CryptoCurrencySee Post

Ethereum is like an iceberg a most people only see what is above the surface.

r/CryptoCurrencySee Post

What has Cardano done in the last 5 years to deserve its spot. - No speculations, only actual work that has been delivered.

r/CryptoCurrencySee Post

What has Cardano done in the last 5 years to deserve its spot.

r/CryptoCurrencySee Post

/r/cryptocurrency's attitude has warped significantly in the past year in what I think is a bad way.

r/CryptoCurrencySee Post

RE: Bitcoin criticisms. The solution is right around the corner.

r/BitcoinSee Post

This is a very important message about bitcoin. Please take the time to read it.

r/CryptoCurrencySee Post

BTC could trade for $250K within five years: Morgan Creek Capital CEO

r/CryptoCurrencySee Post

ELI5 what I buy exactly when I buy ETH or XRP or Cardano

r/CryptoCurrencySee Post

Experimenting with low market cap assets...

r/CryptoCurrencySee Post

Crypto Games!? Wow (TCP)

r/CryptoMoonShotsSee Post

🔥✨$TimeCoinProtocol (TCP) is a centralized sharing 🔥#economy protocol using the 🔔 #Ethereum #Blockchain. eSportStars will be the first 🔔 #dApp on TCP. Let's go to the moon together✨🔥🚀

Mentions

I suspect Bitcoin will end up like TCP/IP. Anything you do on the internet today is built on top of it. Could someone come along and create a technological superior internet communication protocol? Sure. Will it be adopted? Very unlikely. The current protocol stack is so widely adopted and is by all accounts “good enough”. It makes no sense to upshift the entire foundation of the internet for a marginal better implementation. Same rule applies for something like the alphabet too. Bitcoin and Ethereum are two completely different things.

Mentions:#TCP

A blockchain is just a database management system. It can be permissionless or permissioned. It can have network incentives that eliminate human trust or it can be based on human trust. But if it's permissioned and based on human trust, then it's kinda pointless because for such a system, blockchain is just terribly inefficient. Most people don't understand the difference between technology and open protocols. A technology can be an open protocol. An open protocol cannot just be narrowly described as technology. There has been a serious breakdown in understanding of what a blockchain (a term never used in the whitepaper) is useful for due to the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop that began once it was possible to exchange bitcoin for dollars. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first shitcoin was launched? >!April 2011!< Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. It's really that simple. Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin is solving ([\[1\]](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/), [\[2\]](https://np.reddit.com/r/Bitcoin/comments/zvlzb4/togolese_human_rights_activist_explains_french/)) centuries old problems in the real world. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Application functions and experimental functions can only exist at higher layers and they absolutely do not require [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. There will be more applications from the likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin protocol will be ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Anything that is safe, secure and useful will be built on top of Bitcoin. [This](https://twitter.com/BitPaine/status/1615764109638914049) is not as useful and solves no problems. But people are throwing money at this because there's a lot of VC money hyping it up as something that it is not. Linking a centralized licensed wallet software to legacy browser to swap centrally issued premine, ICO coins interfacing with central AWS server (infura) is hardly innovation. Impervious AI is doing something much more exciting than this. Nostr is infinitely more innovative than this solving a real problem. Bitcoin is not an investment, no one ever sold it to you. It's an open protocol built upon 40 years of research to fix money by removing trust in humans and released to the world for free. The same people (cypherpunks) who were involved in TCP/IP were involved in the research that contributed to the invention of bitcoin. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, branding or marketing teams, not even an official website, code repo or even a formal specification. Bitcoin had no right to succeed. Through voluntary adoption, bitcoin is where it is today against all odds, having started from zero 14 years ago. Learn how to [run a node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and [Lightning node](https://np.reddit.com/r/Bitcoin/comments/zvj4xp/lighting_statistics_of_my_routing_node_6_months/) (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, you can [contribute to development](https://twitter.com/summerofbitcoin/status/1584910670814142465) and get paid through grants and sponsors.

Mentions:#TARO#TCP#AWS

Ah, yes. You're me when I was a noob. What if [TCP](https://np.reddit.com/r/CryptoCurrency/comments/10grn7s/comment/j54zlzl/) is steam engine? Understand the difference between technology and open protocols. A technology can be an open protocol. An open protocol cannot just be narrowly described as technology. Incentives matter.

Mentions:#TCP

> there was a point about the most part of Bitcoin data traffic going through just 3 ISP USA Bitcoin traffic going through 3 USA ISPs. Fortunately the world is bigger than the USA. Also, Bitcoin traffic can not be blocked by any ISP, because it is not tied to a domain name, and because it is not tied to a specific TCP port

Mentions:#ISP#TCP

Bitcoin is not an investment, no one ever sold it to you. It's an open protocol built upon 40 years of research to fix money by removing trust in humans and released to the world for free. The same people (cypherpunks) who were involved in TCP/IP were involved in the research that contributed to the invention of bitcoin. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. Through voluntary adoption, bitcoin is where it is today against all odds, having started from zero 14 years ago. Bitcoin had no right to succeed. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, branding or marketing teams, not even an official website, code repo or even a formal specification. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first altcoin was launched? >!April 2011.!< Premine, ICO coins are all silicon valley start ups, largely unsecure hypeware hiding behind bitcoin and blockchain buzzwords as an excuse to escape from silicon valley regulations. If you create your own coin, premine and issue it, sell portion of it and control how it is distributed, you hold the lion's share of both sides of the market. Basically license to game and manipulate the market at will and print money for yourself. The stuff that's happening with all these coins in cahoots with crypto exchanges today is the same shenanigans that was happening in bucket shops in the early 20th century which led to the Martin Act of 1921 banning bucket shops and eventually The Securities Act of 1933. Ever since it became possible to exchange bitcoin for dollars, we've only had virtual bucket shop hustles than any solutions to real problems. [This](https://nitter.net/coryklippsten/status/1595564120782172160#m) is a nice quick explanation of how it works. People who look at crypto as a chance to get rich in fiat terms fail to recognize that you're operating in a treacherous space which in an ideal world is expected to self regulate and once premine, ICO, VC coins were made "okay", the ability to self regulate completely went out of the window. What would you do in a financial market where there are no rules and unethical, dishonest behavior has gone from non existent to being the norm today? Who doesn't want to print money for themselves if they could do without requirement of any disclosures and market it to the public as whatever they want?

Mentions:#TCP

Internet still runs on TCP/IP though. That is a better analogy. Frontends and apps will definitely change often.

Mentions:#TCP

IMO A fiat system would work just fine if the accounting was as open as crypto and the decision makers were incorruptible. But, since neither of those things are realistically possible crypto will win. The fact that in our existing system the accounting is a black box and the most corruptible are promoted to the highest levels of power just means it happens faster than it otherwise would. The fact that you and I are part of that relatively small demographic capable of self custody is why there is so much opportunity here for us. Crypto exists because people should be allowed to control their own monetary power, but there will always be a large number of people that don't want the responsibility that comes with that and will pay someone else to do it. And honestly, your average person shouldn't have to. I configured TCP/IP settings on many a network, but I don't think your average person should need to be capable of changing their IP address to watch YouTube.

Mentions:#IMO#TCP

Not a dev/engineer, but my understanding is basically everything we have done on computers since 2013 is technically compromisable due to Intel Management Engine / AMD Platform Security Processor found in modern CPUs IME seems to have full access to RAM and TCP/IP stack for sending/receiving data. Several privacy organizations have deemed it to be a backdoor.

Bitcoin is a node network. Each Bitcoin node establishes up to 8 connections with other nodes, and accepts up to 116 connections from other nodes. These are long-lived TCP connections Every node shares its list of other nodes' IP addresses with every other node it connects to. This list persists between shutdowns Your phone wallet is at the mercy of whichever nodes its developers know about (typically their own), or it might connect to an Electrum server if it's an app which uses the Electrum protocol, or it uses a similar peer discovery method as a node. Some wallet apps will let you enter your own node's IP address > miners Miners are not nodes. Nodes are not miners. Miners join mining pools. Mining pools have nodes. The interconnection within the node network enables your transaction to reach one or more mining pool's node. Generally, every unconfirmed transaction spreads to every node, including every mining pool node, within a few seconds https://developer.bitcoin.org/reference/p2p_networking.html

Mentions:#TCP

how will old, non tech-savvy people ever going to learn to use ... &#x200B; https and TCP?

Mentions:#TCP

!lntip 1000 The first challenge with money was "how do I transact with you if we don't both have something the other needs?" The next challenge with money was "how do I transact with someone who is physically separated form me?" Then there's another challenge too. If something that represents value can be easily produced then it loses its value which is not ideal because it doesn't actually solve the first challenge. The money needed to be hard and hold its value till you have the need to exchange it for goods. The solutions we found were first to agree to use something that was not inherently valuable itself but represented a notional value and then we introduced middlemen to issue money and maintain accounts and ledgers backed by something that cannot be easily reproduced but that's a problem too because the maintainer of ledgers can easily reproduce IOUs. Until 2008, we never really had a solutions. We had to settle for workarounds. We had to settle for "trust me, bro". Bitcoin solves ALL these problems. It's gold with a superpowers. Unforgeable cost of work, absolute mathematical scarcity and teleportation. For being a hard asset, bitcoin is also the easiest asset ever to self custody, it's the first time you have ever been able to truly own anything that is not subject to the whims of authority, it's unconfiscatable and you physically can take it literally anywhere with you without anyone knowing, even to the grave. But bitcoin has a problem too. Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. Great for settlements and bitcoin network is the [most efficient settlement network in the world](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) already settling higher value than US GDP but sucks for micropayments. If we go back to the formative years of the internet, it had a similar problem. Then along came "god of the internet", Jon Postel who argued that monolithic internet design can never scale and we cannot violate the principles of layering protocols. About TCP he said "be conservative in what you do, be liberal in what you accept from others". This is Postel's Law. Internet would not exist as it is today without separation of application layer. For bitcoin, day to day payments is an application of money as medium of exchange and Lightning is that payments layer. Bitcoin is conservative in what it does, but liberal in what it accepts from layered protocols built on top of it. Lightning is [private like cash](https://twitter.com/LN_Capital/status/1614308872973344768) (with Taproot) and has a theoretical throughput of several million TPS. There are so many cool things happening in Lightning. I am not even fully up to speed with all of it. BTCPay Server has enabled [unified QR code](https://twitter.com/BtcpayServer/status/1596193870509137920) for on-chain and lightning. There's no more any confusion for the end user whether they pay on chain or lightning. Your wallet decodes accordingly. This is massive for UX. [Lightning login](https://twitter.com/apollosats/status/1593003920930275328) and P2P Lightning apps are going to take the web by storm and completely transform revenue models for all internet applications. It will also transform journalism and potential for public to directly incentivize and demand unbiased, independent journalism. Article behind a paywall cannot cost $0.0001 because of cumbersome legacy rails and middlemen rent seekers. No such problems with Lightning and [BOLT12](https://twitter.com/LN_Capital/status/1589321548133203968) will make this so much simpler and user friendly. TARO, RGB, Fedimint, Machankura, Zion, Impervious AI, Kollider, Nostr which are layered protocols and decentralized applications leveraging Lightning. [This](https://twitter.com/BitPaine/status/1615764109638914049) is noise. [This](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) is scam. [This](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/) is signal.

Yeah there’s no real equivalent to an L1. Each chain is made to be functional on its own so they are all L1s so to speak. The Cosmos Hub ($ATOM) has been called an “L0” but more so because it was the first part of the ecosystem. If ATOM disappeared the other chains would basically all function as before. They interact through the “IBC” protocol which is a bit like TCP is for the internet today, so: 1. I’m ATOM, I’d like to connect to OSMO 2. I’m OSMO, you can connect 3. I’m ATOM, I’ve opened up a channel 4. OSMO: confirmed 5. Atom: Address XXX is trying to transfer 5 ATOM over, which was temporarily locked in block YYYYYY on my chain 6. Osmo: acknowledged, proof of transfer is block ZZZZZZ on my chain 7. Acknowledged transfer. Transaction is confirmed.

So I should invest into TCP/IP? Oh it's not a currency? So why the hell are they even comparable?

Mentions:#TCP

>Let’s talk once you can differentiate between unsecure smart contracts and failed transactions. You’re conflating two things here. No. My comment clearly states "The nature of ethereum's scripting language is such that it will never be secure and it's (also) impossible to say which transactions may fail or when" The reason for these two things are same however. >The internet would also be more secure if there’d be no possibility to run apps that utilize it, wouldn’t it be? Smart boy. Now you're learning. Let's continue learning. This is exactly why internet does not complicate TCP layer which does not get exploited. There has been a serious breakdown in understanding of what a blockchain (a term never used in the whitepaper) is useful for due to the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop that began once it was possible to exchange bitcoin for dollars. Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin is solving ([\[1\]](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/), [\[2\]](https://np.reddit.com/r/Bitcoin/comments/zvlzb4/togolese_human_rights_activist_explains_french/)) centuries old problems in the real world. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Application functions and experimental functions can only exist at higher layers and they absolutely do not require [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. Take the example of TCP and HTTP. Internet would not exist as it is today without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who argued that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications from the likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin protocol will be ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Anything that is safe, secure and useful will be built on top of Bitcoin. Bitcoin is not an investment, no one ever sold it to you. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. Through voluntary adoption, bitcoin is where it is today having started from zero 14 years ago. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, branding or marketing teams, not even an official website, code repo or even a formal specification. Learn how to [run a node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and [Lightning node](https://np.reddit.com/r/Bitcoin/comments/zvj4xp/lighting_statistics_of_my_routing_node_6_months/) (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, you can [contribute to development](https://twitter.com/summerofbitcoin/status/1584910670814142465) and get paid through grants and sponsors.

Mentions:#TCP#TARO

Will TCP/IP be around for a century?

Mentions:#TCP

The difference is that Bitcoin isn't a belief system, it's just a protocol that exists like TCP/IP but introduces absolute digital scarcity. It's a major engineering achievement. The fiat value attached to it right now is almost meaningless - the price will eventually be in the millions

Mentions:#TCP

Probably because the inventor of the internet or TCP/IP can’t just resurface and completely devastate the value of the Internet like a resurfacing and/or liquidation of Satoshi’s coins would. It’s a valid concern.

Mentions:#TCP

Your probably right concerning the Bitcoin/TCP/IP comparison. But there's nothing preventing TVP/IP from being replaced other than the maaaassssiiiivvve amount for technology that's dependant on its existence. Bitcoin has no where near that level of adoption and dependance; though I hope some day it does. But I think you're right and the upgrades to Bitcoin wont be replacements but rather 2nd and 3rd layers built up on it. Still though, I'd say there's a non-zero chance of it being replaced with something better.

Mentions:#TCP

The layer 2 and layer 3 apps are more like the websites. The altcoins are the competing early internet protocols that will end up losing, similar to how other protocols lost to TCP https://en.wikipedia.org/wiki/Protocol_Wars

Mentions:#TCP

1- I'm confident govs can't do anything to Bitcoin except with regard to on and off ramps which would only push Bitcoin into a "weed on the street" market for sometime.... Eventually it would replace their fiats. The network and consensus is especially decentralized, I'm not sure anyone could not only afford that kinda hashing power, but find the hardware and location to run it all... so this is def the least likely black swan to me... If it's been remotely feasible 2- broken code or infrastructure hack is spooky but I'm also confident this won't be an issue... Even if we did have a unique hard fork we've already gone through those... If history is any indication, there will almost certainly be drama like this in the future, but not of the "Bitcoin goes to zero" flavor 3- "something better coming along" is a complete misunderstanding of Bitcoin in my view: Bitcoin is protocol level software not that different from TCP/IP, it's more of a technological discovery than an invention in the sense that its the first time our species experienced math, energy and consensus used in a way that created an effective form of decentralized digital monetary policy. I'm all but certain that Bitcoin "is it" ... this is the discovery, like, once we (as a species) discovered, understood and could verify 2+2=4, that was it, it was set in stone (save some quantum shit I suppose? Bitcoin is like TCP/IP because it's a protocol and a very well thought and developed one... It does very specific things extremely well with brutally simple mechanisms and intention- as we've seen some 30,000 alts try, it's very hard to replace something that is in a sense "the simplest" and also the most decentralized... (Alts keep trying with centralized force but it's so clearly bot possible) - to be clear, not just code, but the idea/goal is far more sturdy than any inevitably centralized alternative. And I say inevitably centralized because I believe there can't be "another Bitcoin" or a "better one" just like I know humanity will continue with 2+2=4 and "ouch fire is hot" ... Bitcoin is magic internet money... Nothing is replacing TCP/IP, Email, sms, nothing can seemingly replace basic math or the concepts of encryption- except perhaps human ignorance/misinformation/apathy (but I think we'll figue shit out in the long run) Consider this quote- "Absolute mathematical scarcity achieved by consensus in a sufficiently decentralized network was a discovery rather than an invention. It cannot be achieved again by a network made up of participants aware of this discovery since the thing discovered was resistance to replicability itself" From here- https://youtu.be/TIkqBZnrKJM Tl;Dr - I think Bitcoin's it 😆

Mentions:#TCP

>Please don’t hate me for getting into crypto because of an altcoin with an animal on it It's understandable. There has been a serious breakdown in understanding of what a blockchain (a term never used in the whitepaper) is useful for due to the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop that began once it was possible to exchange bitcoin for dollars. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first shitcoin was launched? >!April 2011!< From an open protocol built upon 40 years of research to fix the money by removing trust in humans and released to the world for free, people are today looking for "projects" they can trust and invest in so that they can become fiat millionaires overnight. In the last 5-6 years, it has gotten completely out of hand with blatantly centralized premine, ICO scams. Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. When the topic of a DNS protocol came up in the early days and some people were discussing to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain instead saying, "Piling every proof-of-work quorum system in the world into one dataset doesn't scale." Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. As I have a Glassnode subscription, I can see that bitcoin settled $16 trillion change-adjusted value in 2022 during a bear market (I'll share the charts sometime). Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin is solving ([\[1\]](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/) [\[2\]](https://np.reddit.com/r/Bitcoin/comments/zvlzb4/togolese_human_rights_activist_explains_french/)) centuries old problems in the real world. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Altcoins at large are terribly unsecure hypeware garbage, all easily corrupted and hacked with users losing [tens of billions](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) of dollars value to exploits every year, [millions of failed transactions](https://cryptopotato.com/over-1-2-million-ethereum-transactions-failed-in-may/) every month users lose fees on. Application functions and experimental functions can only exist at higher layers and they absolutely do not require any [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. Take the example of TCP and HTTP. Internet would not exist as it is today, and you wouldn't be here without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who argued that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications from likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin blockchain will be ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Anything that is safe, secure and useful will be built on Bitcoin. Bitcoin is not an investment. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. Through voluntary adoption, bitcoin is where it is today having started from zero 14 years ago. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, branding or marketing teams, not even an official website, code repo or even a formal specification. >In wanted to ask you guys for advice on which wallet to use for Bitcoin so I can get them off the exchange Recommended HW wallets, [Coldcard](https://coldcard.com/) [Jade](https://blockstream.com/jade/) [SeedSigner](https://seedsigner.com/) [Passport](https://foundationdevices.com/passport/) [BitBox](https://shiftcrypto.ch/bitbox02/bitcoin-only/) Ideal setup, get 2 different Bitcoin only HW wallets and multisig with a Bitcoin only software wallet (something like Bluewallet has beginner friendly UI to do this). If you ever acquire a good understanding of key management, which you should care about acquiring, then you can boot Tails OS on a USB. Run [electrum offline](https://electrum.readthedocs.io/en/latest/coldstorage.html) and use a watch only wallet to broadcast your transactions. Blue wallet, Phoenix, Breez, Zeus are great Lightning wallets. Blue wallet has on-chain + Lightning with in-app P2P purchases through HodlHodl. Once you have taken self custody, learn how to [run a node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and a Lightning node (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, you can [contribute to development](https://twitter.com/summerofbitcoin/status/1584910670814142465) and get paid through grants and sponsors. There are a lot of ethical bitcoin only companies like Spiral, Brink, Opensats etc. supporting independent bitcoin developers.

I remember this excerpt from a book I read a few years back called [Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money](https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X) involving Bill Gates. This definitely is not the first, and won't be the last time that his "opinion" ages like milk... > At the Allen & Co. conference, Wences was given one of the speaking slots before Jeff Bezos and Warren Buffett took the stage. Wences gave what was becoming a standard talk, beginning with the history of money, and going on to discuss the potential for Bitcoin to provide financial services to poor people who had long been shut out. He touched on Xapo only briefly, at the end. After Wences came down and took a seat with Belle, [Amazon CEO] Bezos said from the stage that it was the kind of talk that kept him coming to these events. In the hallway walking to lunch, after the Bezos-Buffett conversation, Wences spotted Bill Gates, who had been notably reticent about Bitcoin. Wences knew that Gates’s multibillion-dollar foundation had been making a big push to get people in the developing world connected financially, and Wences approached him to explain why Bitcoin might help his cause. As soon as Wences broached the topic, Gates’s face clouded over, and there was a note of anger in his voice as he told Wences that the foundation would never use an anonymous money to further its cause. Wences was somewhat taken aback, but this was not the first time he had been challenged by a powerful person. He quickly said that Bitcoin could indeed be used anonymously—but so could cash. And Bitcoin services could easily be set up so that users were not anonymous. He then spoke directly to the work that Gates was doing, and noted that the foundation had been pushing people in poor countries into expensive digital services that came with lots of fees each time they were used. The famous M-Pesa system allowed Kenyans to hold and spend money on their cell phones, but charged a fee each time. “You are spending billions to make poor people poorer,” Wences said. Gates didn’t just roll over. He vigorously defended the work his foundation had already done, but Gates was less hostile than he had been a few moments earlier, and seemed to evince a certain respect for Wences’s chutzpah. Wences saw the crowd that was watching the conversation, and knew he had to be careful about antagonizing Bill Gates, especially in front of others. But Wences had another point he wanted to make. He knew that back in the early days of the Internet, Gates had initially bet against the open Internet and built a closed network for Microsoft that was similar to Compuserve and Prodigy—it linked computers to a central server, with news and other information, but not to the broader Internet, as the TCP/IP protocol allowed. “To me it feels like you are trying to get the whole world connected with something like Compuserve when everyone already has access to TCP/IP,” he said, and then paused anxiously to see what kind of response he would get. What he heard back from Gates was more than he could have reasonably hoped for. “You know what? I told the foundation not to touch Bitcoin and that may have been a mistake,” Gates said, amicably. “We are going to call you.” After Wences got back to California, he received an email from the Gates Foundation, looking to set up a time to talk. Not long after that, Gates made his first public comments praising at least some of the concepts behind Bitcoin, if not the anonymity. And so Bitcoin and its believers attracted one more person who was willing to give this new technology a look, and remain open to the possibility that the whole thing wasn’t, at least, entirely crazy.

Mentions:#TCP

He almost missed the advent of the entire Internet. TCP/IP was a late add to Windows 95 that almost didn’t make it. He’s not the visionary everyone gives him credit for. He was a ruthless businessman in the right place at the right time.

Mentions:#TCP

The permissioning of relays is temporary, the foundation already has a community relay pilot program running. It's funny how riled up people get about permissioned data moving infrastructure on Internet but don't even think about Internet backbone routers moving TCP/IP that are permissioned in exactly the same way by the IANA and its delegates like ARIN. It's also funny how everyone freaks out about Algorand's relay nodes which aren't even consensus nodes, just transaction moving pipes, yet when it comes to Polygon's completely whitelisted validator set , limiited to only 100, no one seems to have any issue.

Mentions:#TCP

People complain about the foundation whitelisting relay nodes, but don't give a thought about ISP's needing to be whitelisted for ASN numbers in order to route TCP/IP with other ISP's / exchanges using the Border Gateway Protocol. Here's the reality: The Algorand Foundation is to Relay Nodes as ARIN is to BGP routers Blockchains rely on those whitelisted BGP routers. I guess that basically makes every blockchain that relies on the internet "centralized"

Mentions:#ISP#TCP

We've had a serious breakdown in understanding of what a blockchain (a term never used in the whitepaper) is useful for due to the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop that began once it was possible to exchange bitcoin for dollars. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first shitcoin was launched? >!April 2011!< Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. When the topic of a DNS protocol came up in the early days and some people were discussing to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain instead saying, "Piling every proof-of-work quorum system in the world into one dataset doesn't scale." Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. As I have a Glassnode subscription, I can see that it settled $16 trillion change-adjusted value in 2022 during a bear market (I'll share the charts sometime). Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin is solving ([\[1\]](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/) [\[2\]](https://np.reddit.com/r/Bitcoin/comments/zvlzb4/togolese_human_rights_activist_explains_french/)) centuries old problems in the real world. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Altcoins are terrible unsecure hypeware garbage, all easily corrupted and hacked with users losing [tens of billions](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) of dollars value to exploits every year, [millions of failed transactions](https://cryptopotato.com/over-1-2-million-ethereum-transactions-failed-in-may/) every month users lose fees on. Application functions and experimental functions can only exist at higher layers and they absolutely do not require [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. Take the example of TCP and HTTP. Internet would not exist as it is today, and you wouldn't be here without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who said that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications from likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin blockchain will become ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Anything that is safe, secure and useful will be built on Bitcoin. Bitcoin is not an investment. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. Through voluntary adoption, bitcoin is where it is today having started from zero 14 years ago. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, not even an official website, code repo or even a formal specification. First [run a node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and a Lightning node (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, [contribute to development](https://nitter.net/summerofbitcoin/status/1584910670814142465#m) and get paid through grants and sponsors. There are a lot of ethical bitcoin only companies like Spiral, Brink, Opensats etc. supporting independent bitcoin developers.

Mentions:#DNS#TCP#TARO

14 years is nothing. TCP/IP was invented in the 1970s. 14 years later it was still barely used. Other things have to happen, other technology has to be built on top. I don’t even really see Bitcoin’s age as 14, more like less than 10 years. In the first 4 years Bitcoin could have easily failed many times for many reasons. It wasn’t until 2013 or so that it was becoming virtually impossible for Bitcoins operation to cease. But even then, I’d say basically everyone in the world accepts that Bitcoin is a thing. They’ve at least heard of it. That’s actually incredible. And in the past 4 years the lightning network went from “haha good luck have fun” to being used daily for remittance payments and now, micro-tipping and 3-4 years from now people will say “Sats” more than they say “Bitcoin”. Innovation is fluid and it goes to where it’s needed most. It starts small and then before you know it the world looks different. If this is Bitcoin at 14 years, then just imagine the next ten years. Another block is due in roughly 10 minutes. If a single drop of water hits a stone every 10 minutes, over time it will cut right through.

Mentions:#TCP

We've had a serious breakdown in understanding of what a blockchain (a term never used in the whitepaper) is useful for due to the [noise and scam](https://twitter.com/rusty_twit/status/1296596310921900034) negative feedback loop that began once it was possible to exchange bitcoin for actual dollars. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first shitcoin was launched? >!April 2011!< Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. When the topic of a DNS protocol came up in the early days and some people were discussing to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain instead saying, "Piling every proof-of-work quorum system in the world into one dataset doesn't scale." Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Since I have a Glassnode subscription, I can see that it settled $16 trillion change-adjusted value in 2022 during a bear market (I'll share the charts sometime). Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Altcoins are terrible unsecure hypeware garbage, all easily corrupted and hacked with users losing [tens of billions](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) of dollars value to exploits every year, [millions of failed transactions](https://cryptopotato.com/over-1-2-million-ethereum-transactions-failed-in-may/) every month users lose fees on. Application functions and experimental functions can only exist at higher layers and they absolutely do not require [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. Take the example of TCP and HTTP. Internet would not exist as it is today, and you wouldn't be here without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who said that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications from likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin blockchain will become ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Everything that is safe, secure and useful will be built on Bitcoin. Stop whining about bitcoin. Stop asking what bitcoin is doing for you. Start asking what you can do for bitcoin. Who the fuck are you expecting to do anything? This is fucking bitcoin! It's not an investment. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, not even an official website, code repo or even a formal specification. First [run a fucking node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and a Lightning node (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, [contribute to development](https://nitter.net/summerofbitcoin/status/1584910670814142465#m) and get paid through grants and sponsors.

Mentions:#DNS#TCP#TARO

We've had a serious breakdown in understanding of what a blockchain is useful for due to the noise and scam negative feedback loop that began once it was possible to exchange bitcoin for actual dollars. There were no altcoins for 2.5 years. Not a single one. Bitcoin reached dollar parity in April 2011, and reached a price of $5 that month. Guess when the first shitcoin was launched? >!April 2011!< Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. When the topic of a DNS protocol came up in the early days and some people were discussing to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain instead saying, "Piling every proof-of-work quorum system in the world into one dataset doesn't scale." Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Since I have a Glassnode subscription, I can see that it settled $16 trillion change-adjusted value in 2022 during a bear market (I'll share the charts sometime). Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has a throughput potential of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently, reliably and economically, like sending several hundred output transactions (multiple transactions rolled into one) and extremely large multisig contracts, even upto 1000 participants for nearly the same fee as a single sig using Taproot. The potential use cases of this are even beyond our current scope of imaginations. Altcoins are terrible unsecure hypeware garbage, all easily corrupted and hacked with users losing [tens of billions](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) of dollars value to exploits every year, [millions of failed transactions](https://cryptopotato.com/over-1-2-million-ethereum-transactions-failed-in-may/) every month users lose fees on. Application functions and experimental functions can only exist at higher layers and they absolutely do not require [premine, ICO, VC tokens](https://twitter.com/coryklippsten/status/1595564120782172160) just to make insiders rich. Take the example of TCP and HTTP. Internet would not exist as it is today, and you wouldn't be here without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who said that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications from likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin blockchain will become ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind. Everything that is safe, secure and useful will be built on Bitcoin. Stop whining about bitcoin. Stop asking what bitcoin is doing for you. Start asking what you can do for bitcoin. Who the fuck are you expecting to do anything? This is fucking bitcoin! It's not an investment. It's a new monetary system built from the ground up by us, literally random people on the internet voluntarily supporting, securing and developing it. There's no company, foundation, premine, ICO, VCs, licenses, trademarks, not even an official website, code repo or even a formal specification. First [run a fucking node](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/) and a Lightning node (very inexpensive to do), then a [home miner](https://np.reddit.com/r/Bitcoin/comments/zzraj0/comment/j2njt2a/) if you can. If you can code, [contribute to development](https://nitter.net/summerofbitcoin/status/1584910670814142465#m) and get paid through grants and sponsors.

Mentions:#DNS#TCP#TARO

"TCP/IP is too complicated for the average person to use. It'll never be adopted" Same vibe, tbh

Mentions:#TCP

Much more than TCP/IP, I mean let’s not forget about the Link layer which TCP/IP flows through

Mentions:#TCP

You're both right, the internet is a protocol (TCP/IP specifically), and both web1, web2, web3, web4... etc.. The definition of the internet, and the use of it, both creating separate but identical meanings. Yeah, I'm being contradictory, but the internet is a unique phenomenon.

Mentions:#TCP

>you could have participated in the initial public ETH sale as well &#x200B; >Ethereum is a silicon valley start up hiding behind bitcoin and blockchain buzzwords to escape silicon valley regulations. The trend of premine, ICO coins started by ethereum is a stain on this space and the root of all evil. It's dirty, unethical and there's nothing decentralized about it. Did I also mention that I'm a decentralization maxi? Just making sure you read this time. No company, foundation, premine, ICO, VCs, license, trademarks, branding, marketing, official website, code repo or even a formal specification. This is the benchmark for decentralization Ethereum is only propped up by promising a new update every six months. Think about what's actually happened? Nothing except move to proof of stake which was promised to happen "in 6 months" for 6 years. The next update apparently is the groundbreaking ability for people to withdraw coins. Linking a centralized licensed wallet software to your legacy browser to swap shitcoins through central AWS servers is not a meaningful use case and solves no real problems. No one is already running nodes on L1. The L2s getting shilling now are blatantly centralized. Lightning has more than 5 times as many nodes as eth. Blockchain is actually inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized as ethereum is finding out. When the topic of BitDNS came up in the early days and some people were discussing to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain protocol instead. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins like eth can never do as efficiently. Application functions and experimental functions can only exist at higher layers and they do not require premine, ICO, VC tokens. Ethereum can be a bitcoin sidechain without a token which was only created to make insiders rich. Paul Sztorc has already demonstrated this. Take the example of TCP and HTTP. Internet would not exist as it is today, you and I wouldn't be here without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who said that monolithic internet design cannot scale and we must adopt the principles of layering protocols. Lightning is an application layer for payments and has more users than all altcoins combined. There will be more applications from likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin's core protocol is likely to become ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical and ideally you want to build on the most secure and decentralized protocol known to mankind.

It's not a shocker that NFTs which today are primarily used a status symbol to represent wealth are hated by a majority of people who could not imagine spending millions of dollars on an image, let alone hundreds of dollars, that can be copied and pasted by anyone with an internet connection and a mouse 🙄. Is their hate warranted? I don't particularly think so. As I see it, NFTs are just the implementation of a protocol standard like TCP or UDP. The standard is just a means of communicating and verifying digital ownership of an object which then other applications could interface. In no way shape or form does it specify that it MUST be an image like a profile picture, etc. For example, there are NFTs which represent ownership of a domain name (ENS). You can buy, sell, and transfer .eth domains fairly easily without the need for a human counterparty since you are just dealing with code. That by itself is pretty neat. These types of NFTs are not particularly highlighted because they don't generate clicks like hating on monkeys pictures do.

Mentions:#TCP#ENS

Well, the internet was first "thought of" when TCP/IP was invented in a research paper in 1974. \~20 years later, in the 1990s, only about 14% of adults used the internet. But only \~10 years after, in the 2000s, that statistic jumped to 50%. You had a technology that people were writing off just a few decades ago now accounting for tens of trillions of dollars in global GDP every year. I don't think even ten years ago we would have predicted we'd have trillion dollar tech companies. Shit moves faster than you think.

Mentions:#TCP

> I don't understand over what network these transactions are being sent and if anyone could stop these transactions The answer is that the Bitcoin node network communicates using TCP connections form node to node which are held open for many days or weeks at a time But since you're not able to understand "TCP", it's hardly worth answering the question

Mentions:#TCP

Do you want to explain TCP/IP, HTTP, HTTPS, TLS SSL? Is the internet mainstream?

Mentions:#TCP
r/BitcoinSee Comment

Bitcoin has *lightning* fast transaction times on its layer two and can also incorporate smart contracts on layer two. Whether or not smart contract will actually be useful is tbd. Part of being 100% decentralized is having fair issuance of mining rewards over many years, so it’s not practical to catch-up at this point. As others have stated, the Bitcoin protocol is kinda like the TCP/IP and HTTP layers of the internet, I would expect it to be the only decentralized blockchain. There is always uncertainty and risk, but it’s as bulletproof a discovery/invention as you’re going to find in this space.

Mentions:#TCP

There are different protocols for “L1” data transmission. There’s a ton of them. Serial, TCP, Parallel, USB, PS/2, UART, i2c. Use use the one that is best for what you are trying to accomplish.

Mentions:#TCP#UART

It's more like saying there will multiple versions of HTTP or TCP or multiple versions of the world wide web. It's hard to have multiple protocols

Mentions:#TCP
r/BitcoinSee Comment

Port 8333 is used by bitcoin-core to transmit data using basic TCP. TOR is another protocol built on top of TCP/IP and works by connecting to a relay node which can be done via ports 80 or 443 which are open by default.

Mentions:#TCP#TOR
r/BitcoinSee Comment

In all fairness, TRUE cryptocurrencies and TRUE anarchism share a ton of similarities.... BOTH **require** TCP/IP, which was the REAL beginning of the end for authoritarianism.

Mentions:#TCP
r/BitcoinSee Comment

Halo mass adoption? No clue what you’re referring to.. but anyway, most people won’t even have to know how to use a wallet, just like people don’t now how to use TCP/IP to use the internet. You are underestimating the base that bitcoin provides to build on top of. And even that base layer is still in development and has “training wheels” until the 2100s.

Mentions:#TCP

Yeah, why don't we move TCP/IP to the application layer of the Internet?

Mentions:#TCP

You should be very worried about the TCP/IP protocol. It allows thousands of scams happening every day

Mentions:#TCP

A blockchain is inefficient to do anything but maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. When the topic of BitDNS came up in the early days and some people were discussing to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain protocol instead. Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Day to day payments is an application of money as medium of exchange. The Lightning protocol is a P2P payments protocol and has theoretical throughput of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments (more than all altcoins combined) and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world in places like Africa, Asia, Latin America. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins can never do as efficiently. They are all easily corrupted and hacked and users are losing [tens of billions](https://decrypt.co/86503/defi-users-lost-billion-theft-fraud-2021-mostly-ethereum-report) of dollars value to altcoin exploits every year. Application functions and experimental functions can only exist at higher layers and they do not require premine, ICO, VC tokens just to make insiders rich. Take the example of TCP and HTTP. Internet would not exist as it is today, you and I wouldn't be here without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who said that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications from likes of TARO protocol, RGB, drivechains, spacechains, statechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin blockchain will become ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is critical.

Mentions:#TCP#TARO
r/BitcoinSee Comment

Money is singular. Applications are many. Blockchain is inefficient to do anything but efficiently maintain global state of timestamped transactional database at the base layer without losing security and making it centralized. When the topic of BitDNS came up in the early days and some people wanted to add more complexity to Bitcoin protocol, Satoshi suggested it as a sidechain protocol instead. Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Day to day payments is an application of money as medium of exchange. The Lightning protocol is P2P payments protocol and has theoretical throughput of several million TPS. As of March 2022, [nearly 100 million users](https://arcane.no/research/nearly-100-million-people-have-access-to-lightning-payments) had access to Lightning payments and it's powering [bitcoin circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) around the world right now in places like Africa, Asia, Latin America. Bitcoin has the most efficient and advanced scripting features in terms of monetary functions many of which altcoins cannot do as efficiently and they are all easily corrupted and hacks with users losing billions of dollars value to exploits every year. Application functions and experimental functions should only exist at higher layers. Take the example of TCP and HTTP for internet. Internet would not exist as it is today without separation of application layer. Read about Postel's law, named after "god of the internet" Jon Postel who said that monolithic internet design cannot scale and we must adopt the principles of layering protocols. There will be more applications which come from likes of TARO protocol, RGB, drivechains, spacechains etc. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin blockchain will be ossified just like TCP because if you sacrifice any of its properties even a little bit, it will become unsuitable as the base layer of money for the world. This is why layering protocols is important.

Mentions:#TCP#TARO

I do have to disagree with what you are saying about how bitcoin is "flawed" in security and economics. The simplicity is bitcoins biggest strength. I like the analogy of thinking of BTC as similar to the TCP/IP protocol. Inherently simple, but also supports massive amounts of development on layer 2 and layer 3 solutions. It will take a long time for this to become reality, but the way we have wBTC on chains like Ethereum and Solana, as well as layer 2 networks like lightning, BTC's use case as a store of value and currency for the internet is not really wakened or diminished at all. The simplicity of the protocol is its biggest strength. There is no other chain that is as decentralized. I hold BTC and DOT, but I am far more bullish on BTC for the long term.

Mentions:#BTC#TCP#DOT

Blockchains are just rails. There's no guarantee that they would keep ETH, as it could instantly be converted into a stablecoin. Plus, they could just use ETH for gas, and use the blockchain infrastructure. It's no different than phone companies pivoting to becoming software providers on top of VOIP/TCP-IP.

Mentions:#ETH#TCP
r/BitcoinSee Comment

Imagine if after the .com bubble crash, senators sat around all day around and talked how the crash is a sign that TCP/IP is a huge problem for society lol

Mentions:#TCP
r/BitcoinSee Comment

If blockchain were like internet protocols in the 80's/90's... Bitcoin is like TCP, in that it's the one that matters.

Mentions:#TCP
r/BitcoinSee Comment

2 After Bolt12 and with nice wallets it shouldn't matter to normie users how the money is transferred. In the internet nobody cares if it's TCP or UDP either. In traditional banking nobody cares what technology is in the background either.

Mentions:#TCP

No. BTC is nowhere near TCP/IP.

Mentions:#BTC#TCP

>If MySpace fails More like TCP/IP It's an protocol and if you do some research you will find out that a lot of the same people actually played critical roles leading to the invention of bitcoin.

Mentions:#TCP

TCP/IP is so useless in modern day practice

Mentions:#TCP
r/BitcoinSee Comment

You need a dedicated wallet device, that was built do be a wallet device, to keep your keys safe. Do 30s of research before you call someone paranoid. \[Rule-breaking insults regarding your intelligence go here.\] You are completely wrong, and you don't even need a deep dive this. Every major manufacturer of microprocessors is doing this. In the example of Intel: https://en.wikipedia.org/wiki/Intel\_Management\_Engine The Intel Management Engine (ME), also known as the Intel Manageability Engine,\[1\]\[2\] is an autonomous subsystem that has been incorporated in virtually all of Intel's processor chipsets since 2008.\[1\]\[3\]\[4\] It is located in the Platform Controller Hub of modern Intel motherboards. The Intel Management Engine **always runs as long as the motherboard is receiving power, even when the computer is turned off.** This issue can be mitigated with deployment of a hardware device, which is able to disconnect mains power. Intel's main competitor AMD has incorporated the equivalent AMD Secure Technology (formally called Platform Security Processor) in virtually all of its post-2013 CPUs.\[5\] ... the ME has **full access to memory** (without the owner-controlled CPU cores having any knowledge), and has **full access to the TCP/IP stack** and can **send and receive network packets independently of the operating system, thus bypassing its firewall**.

Mentions:#AMD#CPU#TCP
r/CryptoCurrencySee Comment

If ETH proves to be the TCP/IP of its age, that investment could prove to be quite valuable.

Mentions:#ETH#TCP
r/BitcoinSee Comment

the early versions of bitcoin used to work somewhat like this, in that a TCP/IP connection was first established between sender & receiver. Eventually this feature was dropped in favour of the current model.

Mentions:#TCP
r/CryptoCurrencySee Comment

Bitcoin and monero don't suffer such exploits. Those are the only ones that adhere to cypherpunk values. This has to do with unnecessary complexities at the base layer especially Turing completeness. Blockchain is inefficient to do anything but maintain global state of timestamped transactional database at base layer without losing its security properties and making it centralized. Read about what Satoshi said when the topic of Namecoin came up in the early days and some people wanted to add more complexity to Bitcoin protocol. Layer 1 should be built with zero security compromises. But newer protocols sacrifice this most important property in favour of short term pumpenomics. Application functions can only exist at higher layers and ideally built on the strongest and most decentralized foundation. Take the example of TCP and HTTP for internet. Internet would not exist as it is today without separating application layer. Look up Postel's law, named after legendary internet pioneer Jon Postel who said that monolithic internet design cannot scale and we must adopt the principle of layering protocols.

Mentions:#TCP
r/BitcoinSee Comment

Nothing can stop Bitcoin from functioning, it's a protocol like TCP/IP for the internet

Mentions:#TCP
r/CryptoCurrencySee Comment

This is a very interesting question... First of all, I believe that providing an open software protocol is different from providing a software service that is defined in money transmission laws. For example, people use TCP/IP protocol over the internet for either good or bad activities, TCP/IP protocol designers/developers should not be arrested, but operating a website/service that facilitates illegal activities might be the case. So in the case of Tornado Cash, developers who wrote open-sourced code for a privacy protocol should fall into the former since they were likely providing an open protocol not a money laundering service. I’m not sure if there is anything else (which might be relevant to politics or something like that) behind the scene or not so please allow me not to comment on that. Regarding the regulatory matters, it doesn’t need to wait until privacy blockchains’ emergence, regulators did try to prevent crypto’s development since the very early stage, for example, with Bitcoin but they couldn’t due to Bitcoin’s decentralization nature. Although Incognito is intending to build a “white hat” privacy platform, we still believe that decentralization would be the safest way and the end goal of the project. The more decentralized, the safer for both users’ financial data and developers (besides staying anonymous). Again, since this is an interesting topic, we’d love to hear your thoughts too u/MrMoustacheMan

Mentions:#TCP
r/BitcoinSee Comment

interesting. However I'm the guy who actually created it all from scratch, lol. And I can tell you beyond a shadow of doubt. The current direction of the projects are not what I had originally intended at all. And now that I'm back, things are going to change. I assure you in every way! Since I created "it all", I'm actually back to create a New world Order that's completely digital in every way. No more boarders! A new government where the people are actually the government this time... This new project will also create a new internet to take over the current internet via a symbiote technology. Either ipv8 or ipv10, haven't decided yet, with TCP and UDP replacements because why not! Also a lil upset at the current quantum bottleneck, when you peer it reverts back to the x86\_64 architecture running it to peer it. This will not do at all, this bottleneck will have to be fixed. Also we have to fix the energy infrastructures. Because the current digital financial energy issue has not been addressed in its entirety at all. It's like it was never addressed.. talk about irritating. Also why isn't blockchain an OS yet? Also where is the Crypto OS? There was to be many micro OS's to power the infrastructures. Needs more AI-Cowbells! Dead cows moo the loudest! Also yes I mentioned the power of QR codes at the start. But here we are in the 2020's why is there no graphical upgrades to beautify the QR technology... Satoshi Nakamoto's new project will be "Project Satori" The new ubiquitous digital currency system with the NWO/new internet for the people by the people. You shall see! Also I would like to point out there have been many NWO's over the ages. From the Ancient Sumerians, Ancient Greece, Ancient ROME who was founded on 4-21 April 21st! the same birthday as Satoshi! The current state of bitcoin and crypto in general is nothing more than fantasy math atm. 21\^8

Mentions:#TCP#OS#ROME
r/BitcoinSee Comment

Bitcoin uses TCP socket/port 8333. It would take a filtering rule on Comcast routers of one line to block that port, and no bitcoin traffic would go through Comcast.

Mentions:#TCP
r/BitcoinSee Comment

Do you know what the internet even is at the most basic level? It’s just a protocol for 2 computers to communicate over any distance. TCP/IP is a global, neutral and completely open standard for communications. You cannot just turn off an entire global standard for communications. Neither can you turn off the bitcoin network.

Mentions:#TCP
r/CryptoCurrencySee Comment

1. There are two answers to this post of yours. If crypto becomes mainstream and replaced traditional FIAT, then you will get the loans in the same way that you are doing it now. There will be L4 or L5 applications, which will be easier to understand by normal people, and which will lend out the finance in exchange of collateral. This is currently happening with internet where you interact with all the websites without knowing any technical details about TCP/IP and HTTP protocol on which internet runs. Same happens with crypto applications. 2. Crypto doesn't becomes mainstream and you have two options now. You can either get a FIAT loan backed by crypto funds (crypto lending) or you can get a normal FIAT loan as you are doing now. You always have two options everywhere, either to use crypto or to use FIAT for every financial matter like payments, interests, lending, businesses etc. So, you always have two options. I personally think that option 2 is much more realistic than option 1.

Mentions:#TCP
r/CryptoCurrencySee Comment

This is like telling TCP/IP needs compeition, it had initially, all those killers either died or get eaten

Mentions:#TCP
r/BitcoinSee Comment

Who made this schema?? 1974 "A protocol for PACKET Network Communication TCP/IP" Not Pocket!!!

Mentions:#TCP
r/CryptoCurrencySee Comment

Does TCP/ip really need https?

Mentions:#TCP
r/CryptoCurrencySee Comment

The goal of the internet computer is a fully 100% on chain experience that serves web content directly from the chain through smart contracts. All data lives on chain. The $5T a year IT stack can be partially replaced by secure smart contract web interaction, remove platform risk, and offer very low development costs. It can be thought of as a new TCP/IP protocol. You don't need a firewall for your web content running on the Internet Computer. It's all smart contract web interaction. The only chain that serves web content *from the chain*. There's so much more - removing bridges with BTC direct integration, DAO's controlled by code, decentralized web front ends for all chains, oracles with HTTPs outcalls, smart contracts up to 32GB in size. Most of this is already running - https://seers . social/ is completely 100% running on chain and it's almost indistinguishable from web2. All on chain is web3. I can't summarize it all - hope you take a look into it.

Mentions:#TCP#BTC#DAO
r/CryptoCurrencySee Comment

That's good. Adoption is happening! Nobody talks about TCP/IP and everyone clicks buttons to share stories on IG.

Mentions:#TCP#IG
r/CryptoCurrencySee Comment

>how you can use a equity(security) to pay for a transaction You don't. People copy bitcoin code and add shit to it that makes it unsecure and centralized and they create their own coins, give it to themselves for free and market it as something similar to bitcoin to make themselves rich. There's no need to issue your own tokens. Blockchain is extremely inefficient to do anything but maintain global state of timestamped transactional database at base layer without losing security and making it centralized which defeats the whole point of it. Internet would not exist as it is today without separation of application layer. Just like with TCP, HTTP for internet, application functions can only be efficiently built in layers. Not only project building on bitcoin is creating their own centralized premine, ICO token. Lightning payments has 100 million users as of March 2022. All altcoins combined don't have half as many users as Lightning. There will be a lot more applications which come from likes of TARO protocol, RGB, drivechains or spacechains. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin already supports on chain batch verification once Taproot is fully adopted. Cross Input Signature Aggregation, musig2, channel factories etc. all improve block space efficiency and interfacing with applications on layers above.

Mentions:#TCP#TARO
r/CryptoCurrencySee Comment

Here's a truly unpopular opinion in this sub: I don't see the future being only ETH and BTC, and I think anyone claiming this is ignorant to all the innovation in this space. I believe interoperability is the future and there is no conceivable way ETH and BTC alone can fill the technological void for a revolution of this scale. I also hate when BTC or ETH maxis shun hard facts proving this with silence and downvotes, it makes them seem resistant to change and uneducated in the space. I believe to some degree BTC maxis are holding this space as a whole back. IMO saying BTC and ETH will be the only 2 chains to go the distance is like saying TCP and DNS are the only two protocols needed for the internet to work..

r/BitcoinSee Comment

There are a lot of things that you have to study to understand why this is very unlikely to happen in the future as we have seen it fails in the past. Good money consumes the bad money. The network effects and the time that the current network has been alive play a huge role on the value. The creation of bitcoin was one of those events that cannot be undone or duplicated, it is what it is and is here to stay, just like TCP/IP but for money.

Mentions:#TCP
r/CryptoCurrencySee Comment

BTC is Linux, but more accurately TCP/IP

Mentions:#BTC#TCP
r/BitcoinSee Comment

All shitcoin defi is trash. Massively vulnerable and unsecure, tens of billions exploited every year. Linking a centralized wallet software to your browser and gambling with shitcoins printed out of nothing by central issuers is not a use case, you're not solving any real problems and it's definitely not growing faster than bitcoin adoption. Bitcoin has 180 million users. 100 million users have access to Lightning payments. Shitcoins all combined don't have half the adoption as Lightning payments. Money is singular. Applications are many. Blockchain is extremely inefficient to do anything but maintain global state of timestamped transactional database at base layer without losing security and making it centralized. Bitcoin L1 is a settlement network and it [settles](https://www.nasdaq.com/articles/bitcoin-is-the-worlds-most-efficient-value-settlement-network) higher value than US GDP. Day to day payments is an actual application of money as medium of exchange. Lightning protocol is P2P, secure and has theoretical throughput of several million TPS. This is real and tangible use case. It's powering dozens of [circular bitcoin economies](https://thebitcoinmanual.com/articles/btc-circular-economies/) around the world in places like Africa, Asia, Latin America. There will be a lot more applications which come from likes of TARO protocol, RGB, drivechains, spacechains etc. and we should be focused on building layers on top of Bitcoin instead of creating useless centralized shitcoins for gambling. TARO is a [most elegant](https://i.redd.it/bnzksocdbun91.png) decentralized stablecoin and assets protocol without central issuer which will allow users to hold self hosted bitcoin and stablecoin balance and swap between them through Lightning rails without going through any exchange at all. Bitcoin already supports on chain batch verification once Taproot is fully adopted. Cross Input Signature Aggregation, musig2, channel factories etc. all improve block space efficiency and interfacing with applications on layers above. Application functions for blockchain can only exist at higher layers and ideally built on the strongest and most decentralized foundation. Take the example of TCP and HTTP for internet. Internet would not exist as it is today without separating application layer.

Mentions: