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  • Real Name: John Light
  • LTBcoin Compatible Address: 18SVTeMgBM8JgLe2jQnL3HvV72snYRiMgK
  • Website: www.lightco.in
  • Bio:

    John is an artist, writer, and entrepreneur who has been providing professional Bitcoin consulting services to individuals and organizations since August 2012, helping those who are new to this exciting technology learn to understand and take advantage of its vast potential. Previously, he worked in independent media, helping to spread the message of liberty to anyone who would listen. He has since chosen to focus on Bitcoin and other peer-to-peer projects that empower people to opt-in to a new social and economic paradigm.

  • Forum Signature:

    https://lightco.in

  • Bitcoin Tipping Address (This is not your LTBCOIN address): 1AwVc2gN1iB8nVcy2ByhR6jkqaSovS56MK
  • Public Bitcoin Addresses:

User Activity

Forum Posts

  • Replies: 65
  • Topics: 4
  • Likes Received: 17
  • Re: Upcoming Bitcoin Hard Fork & /r/bitcoin censorship

    What a block size increase means for Bitcoin:

    • potentially lower fees in the short term (but no guarantee of this)
    • potentially more transactions per block (also no guarantee; miners can always impose a soft limit)
    • potentially greater centralization of mining around better-connected, more competitive farms
    • potentially more difficulty running a full node due to increased resource requirements

    Let me emphasize: bigger blocks are not a guarantee of lower transaction fees. Someone with a use-case that requires more transactions per block could be waiting on the sidelines, fully ready and willing to pay up to $X.XX per tx to fill up an 8MB block and push out everyone who can't pay as much. For people whose primary motivation for supporting a block size increase is to keep fees low, know that raising the block size is no panacea and possibly not even a short-term solution. The only reason you should want to see the block size increase is because it means more transactions per block, because that is basically the only benefit, if that can even be considered a benefit given the potential decentralization tradeoffs.

    I, for one, look forward to seeing more transactions fit into each block. I support a reasonable block size increase i.e. one that does not dramatically hurt node + miner decentralization. I personally prefer Pieter Wuille's proposal, but would also support Jeff Garzik's BIP 102 proposal (though Jeff's is only a one-time increase, and I think the block size should continually increase with global network bandwidth capacity).

    My 2 bits.

  • Re: Official P2P Connects Us thread

    This is the accounting for the thirteenth P2P Connects Us Patreon patron LTBcoin giveaway. This giveaway will include two weeks' worth of giveaways because I didn't check my wallet earlier this month so didn't see that I had received LTBcoin.

    My total Proof of Publication distribution for the week of May 2nd - May 8th was 169605.92502669 LTBCOIN.

    My total Proof of Publication distribution for the week of May 16th - May 22nd was 177485.5 LTBCOIN.

    20% of this total is reserved for patrons of the P2P Connects Us Patreon campaign.

    (169605.92502669 + 177485.5)(.2) = 69418.28500534 LTBcoin reserved for Patreon patrons

    So far there are ten patrons who have submitted a Counterwallet address:

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ pledged $20
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF pledged $2
    1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC pledged $2
    1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H pledged $2
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK pledged $2
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm pledged $1
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG pledged $1
    1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz pledged $1
    1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7 pledged $1
    19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj pledged $1

    for a total of $33 in pledges.

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ = 60.6060606%
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF = 6.0606061%
    1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC = 6.0606061%
    1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H = 6.0606061%
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK = 6.0606061%
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm = 3.03030305%
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG = 3.03030305%
    1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz = 3.03030305%
    1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7 = 3.03030305%
    19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj = 3.03030305%

    (69418.28500534)(0.606060606) = 42071.68787782 LTBcoin for 1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ

    (69418.28500534)(0.060606061) = 4207.16878778 LTBcoin for 1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF

    (69418.28500534)(0.060606061) = 4207.16878778 LTBcoin for 1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC

    (69418.28500534)(0.060606061) = 4207.16878778 LTBcoin for 1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H

    (69418.28500534)(0.060606061) = 4207.16878778 LTBcoin for 1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK

    (69418.28500534)(0.03030303) = 2103.58439389 LTBcoin for 1ENhigwj6HyuqLg136VKLtrdabNSkEULFm

    (69418.28500534)(0.03030303) = 2103.58439389 LTBcoin for 1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG

    (69418.28500534)(0.03030303) = 2103.58439389 LTBcoin for 1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz

    (69418.28500534)(0.03030303) = 2103.58439389 LTBcoin for 1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7

    (69418.28500534)(0.03030303) = 2103.58439389 LTBcoin for 19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj

    Thanks to these patrons for the support! LTBcoin incoming :)

    If anyone else is interested in participating in the P2P Connects Us Patreon patron LTBcoin giveaway, you can read the full details here and become a patron by pledging to the P2P Connects Us Patreon campaign.

    Cheers!

  • Re: Official P2P Connects Us thread

    This is the accounting for the twelfth P2P Connects Us Patreon patron LTBcoin giveaways.

    My total Proof of Publication distribution for the week of April 25th - May 1st was 204663.91608392 LTBCOIN.

    20% of this total is reserved for patrons of the P2P Connects Us Patreon campaign.

    (204663.91608392)(.2) = 40932.78321678 LTBcoin reserved for Patreon patrons

    So far there are ten patrons who have submitted a Counterwallet address:

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ pledged $20
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF pledged $2
    1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC pledged $2
    1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H pledged $2
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK pledged $2
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm pledged $1
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG pledged $1
    1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz pledged $1
    1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7 pledged $1
    19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj pledged $1

    for a total of $33 in pledges.

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ = 60.6060606%
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF = 6.0606061%
    1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC = 6.0606061%
    1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H = 6.0606061%
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK = 6.0606061%
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm = 3.03030305%
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG = 3.03030305%
    1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz = 3.03030305%
    1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7 = 3.03030305%
    19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj = 3.03030305%

    (40932.78321678)(0.606060606) = 24807.74740163 LTBcoin for 1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ

    (40932.78321678)(0.060606061) = 2480.77474016 LTBcoin for 1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF

    (40932.78321678)(0.060606061) = 2480.77474016 LTBcoin for 1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC

    (40932.78321678)(0.060606061) = 2480.77474016 LTBcoin for 1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H

    (40932.78321678)(0.060606061) = 2480.77474016 LTBcoin for 1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK

    (40932.78321678)(0.03030303) = 1240.38737008 LTBcoin for 1ENhigwj6HyuqLg136VKLtrdabNSkEULFm

    (40932.78321678)(0.03030303) = 1240.38737008 LTBcoin for 1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG

    (40932.78321678)(0.03030303) = 1240.38737008 LTBcoin for 1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz

    (40932.78321678)(0.03030303) = 1240.38737008 LTBcoin for 1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7

    (40932.78321678)(0.03030303) = 1240.38737008 LTBcoin for 19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj

    Thanks to these patrons for the support! LTBcoin incoming :)

    If anyone else is interested in participating in the P2P Connects Us Patreon patron LTBcoin giveaway, you can read the full details here and become a patron by pledging to the P2P Connects Us Patreon campaign.

    Cheers!

  • Re: Join the Bitseed Assembly community

    @cryptonaut hey I didnt know you were directly involved with Bitseed, awesome! Thinking about picking one up sometime. Would be cool also if they came (maybe optional) with Counterparty running on top of bitcoind

    We want to make an "app store" type of software delivery model so people can pick and choose what "apps" to install, and Counterparty could certainly be one of them. I invite you to join the Assembly community and start a discussion about this if you want to help make it happen :)

  • Join the Bitseed Assembly community

    Bitseed has started a community on Assembly.com to support open source development for our personal server. Right now the server runs bitcoind, but it could run all kinds of cool open source decentralized applications. We'd like to have designers and developers join our community and contribute in exchange for Assembly coins which earn the owner royalties from sales of Bitseed products.

    You can read the full announcement here:

    https://bitseed.org/join-the-bitseed-assembly-community/

    Let me know if you have any questions - would love to hear your feedback!

  • Re: Official P2P Connects Us thread

    This is the accounting for the eleventh P2P Connects Us Patreon patron LTBcoin giveaways.

    My total Proof of Publication distribution for the week of April 11th - April 17th was 149305.9 LTBcoin (there was a gap since the last distribution because I hadn't released an episode since March).

    20% of this total is reserved for patrons of the P2P Connects Us Patreon campaign.

    (149305.9)(.2) = 29861.18 LTBcoin reserved for Patreon patrons

    So far there are ten patrons who have submitted a Counterwallet address:

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ pledged $20
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF pledged $2
    1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC pledged $2
    1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H pledged $2
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK pledged $2
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm pledged $1
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG pledged $1
    1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz pledged $1
    1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7 pledged $1
    19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj pledged $1

    for a total of $33 in pledges.

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ = 60.6060606%
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF = 6.0606061%
    1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC = 6.0606061%
    1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H = 6.0606061%
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK = 6.0606061%
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm = 3.03030305%
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG = 3.03030305%
    1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz = 3.03030305%
    1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7 = 3.03030305%
    19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj = 3.03030305%

    (29861.18)(0.606060606) = 18097.68484668 LTBcoin for 1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ

    (29861.18)(0.060606061) = 1809.76848467 LTBcoin for 1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF

    (29861.18)(0.060606061) = 1809.76848467 LTBcoin for 1LvEqu8WkyWB2YmrLdRLA6u3YxUoy4t6VC

    (29861.18)(0.060606061) = 1809.76848467 LTBcoin for 1DiUBNvSpuMSj68UMqeJNsSQoANPq39S3H

    (29861.18)(0.060606061) = 1809.76848467 LTBcoin for 1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK

    (29861.18)(0.03030303) = 904.88424233 LTBcoin for 1ENhigwj6HyuqLg136VKLtrdabNSkEULFm

    (29861.18)(0.03030303) = 904.88424233 LTBcoin for 1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG

    (29861.18)(0.03030303) = 904.88424233 LTBcoin for 1AueBrBEqXkGoF2vYnPp7AKfFiUtizgLAz

    (29861.18)(0.03030303) = 904.88424233 LTBcoin for 1K6kQwKYvY1WmY93tbEZwzz6MhBdPPTks7

    (29861.18)(0.03030303) = 904.88424233 LTBcoin for 19LY6yrBdvPonqqVrCDWT7sBXNGGUVPxBj

    Thanks to these patrons for the support! LTBcoin incoming :)

    If anyone else is interested in participating in the P2P Connects Us Patreon patron LTBcoin giveaway, you can read the full details here and become a patron by pledging to the P2P Connects Us Patreon campaign.

    Cheers!

  • Re: Official P2P Connects Us thread

    This is the accounting for the tenth P2P Connects Us Patreon patron LTBcoin giveaway.

    My total Proof of Publication distribution for the week of March 21st - March 27th was 192345.315 LTBcoin

    20% of this total is reserved for patrons of the P2P Connects Us Patreon campaign.

    (192345.315)(.2) = 38469.063 LTBcoin reserved for Patreon patrons

    So far there are five patrons who have submitted a Counterwallet address:

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ pledged $20
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF pledged $2
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK pledged $2
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm pledged $1
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG pledged $1

    for a total of $26 in pledges.

    1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ = 76.9230769%
    1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK = 7.6923077%
    1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF = 7.6923077%
    1ENhigwj6HyuqLg136VKLtrdabNSkEULFm = 3.8461538%
    1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG = 3.8461538%

    (38469.063)(0.769230769) = 29591.5869142 LTBcoin for 1C6mh21SijMZ2q8cbci9NPb7HpRkRY5bBZ

    (38469.063)(0.076923077) = 2959.15869142 LTBcoin for 1KrWz8qkHL3YpUxb2gVwHDSatqn3hkkymF

    (38469.063)(0.076923077) = 2959.15869142 LTBcoin for 1KmAYwMibKJw9cPguHD39nMMx8T5fCmkzK

    (38469.063)(0.038461538) = 1479.57934571 LTBcoin for 1ENhigwj6HyuqLg136VKLtrdabNSkEULFm

    (38469.063)(0.038461538) = 1479.57934571 LTBcoin for 1EyYGWpzVCdEsAS577J4xA4145GLyMQ9MG

    Thanks to these patrons for the support! LTBcoin incoming :)

    If anyone else is interested in participating in the P2P Connects Us Patreon patron LTBcoin giveaway, you can read the full details here and become a patron by pledging to the P2P Connects Us Patreon campaign.

    Cheers!

  • Re: New Podcast

    Sounds like a great show in the works! Johann Gevers, Tom Bell, Jeffrey Tucker, Jon Matonis, the authors of The Sovereign Individual... those people would all make great first guests on the podcast given the subject matter. There are probably others I'm forgetting, but you get the idea!

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