Rusty Russell

I Support UASF For Segregated Witness

TL;DR: It’s my fault and I’m sorry. Let’s fix it.

I coauthored BIP-9: in particular, I chose the state machine to time out activation after 1 year. I figured it was a useful checkpoint in case an update proposal had a flaw, or (more…

Miners and Bitcoin Lightning

There’s been some weird ideas that if Lightning takes off, bitcoin miners might not make money from fees any more. Those of us involved are scratching our heads at this, but lets work it out:

TL;DR: The bitcoin userbase is tiny. If we…

Decorrelation of Lightning Payments

One idea which got cut from the 1.0 version of the lightning spec (which we’re busy working on) was ensuring that payments across the lightning network can’t be trivially linked by two nodes which are sharing information. So I cringed when a paper exploited that flaw…