Satoshi’s Place: Crypto Meme Wars Between Bitcoin Core (BTC) & Bitcoin Cash (BCH)
If you have been thinking that the blockchain is boring, a Twitter user is committed to proving you wrong. A person on Twitter, calling himself Lightning K0ala created a graffiti board online that is intended to show how powerful the Lightning Network can be. This graffiti board has been dubbed Satoshis Place.
The Lightning Network is a layer that sits on top of the Bitcoin blockchain to ensure that transactions are faster and cheaper. This technology is still quite nascent. It has been touted numerous times as the solution to the issue of scalability on the Bitcoin blockchain.
In April, the total capacity of this network crossed the $150,000 mark. In fact, in March, it had more active nodes than all those on Bitcoin Cash (BCH). The BCH was a hard fork of Bitcoin, which claims that it can solve the problems of scalability on the Bitcoin blockchain.
Doodling on the Graffiti Board
On this fun board, you will be able to doodle penises; the site maintains a record of all the dicks drawn. However, it is not about that, its about showing how powerful the Lightning Network can be. By making a doodle, you will be testing how powerful the Lightning Network can be.
— Dennis Parker⚡️[Jan/3🔑] (@Xentagz) June 14, 2018
How it Works
There are a million pixels on the site’s canvas. Each pixel will cost you a satoshi to paint. You can then pick to draw what you like at whatever position. Based on the size of your painting, you will pay the equivalent satoshi; one bitcoin is worth 100 million Satoshis. If you chose to paint the whole canvas, it will cost you $67.39. A piece can cost as little as $0.01
https://t.co/bTmCvRb8Hj is driving Lighting innovation via real-world stress testing. Over 8,000 daily users, 8,000,000 pixels drawn, and 3,000 settled payments. Lightning devs are writing performance patches in direct response to feedback provided by @LightningK0ala
— Jameson Lopp (@lopp) June 14, 2018
Most impressive thing to me about satoshis place is that the node runs on a cheap single board computer pic.twitter.com/XCCCqdTXVA
— Alex Bosworth ☇ (@alexbosworth) June 14, 2018
Even knowing how LN works, watching frenzied activity on https://t.co/rbUgwOpCNq made me wonder about the mempool. Were all those people opening channels driving up transaction fees? The answer it seems is no. LN enables silly fun like cryptokitties but without killing capacity. pic.twitter.com/GV5nXMsaTh
— David A. Harding (@hrdng) June 12, 2018
What the Founder Had to Say
The founder was contacted so that he could explain the thinking behind his app. He said that he created this web app to explore microtransactions with multiplayer games in mind. Besides that, he just wanted to find out how the Lightning Network really works. He says that since creating the web app, things have been working just fine.
Since launching the network, he has watched people doodle on the canvas and send comments on Twitter. He has also created a Telegram group where people can post opinions and the team check how these issues can be fixed.
When he set out to create the web app, he had not anticipated so many people using to draw penises. He has also been quite amazed at how creative people can be when creating their drawings. Even a major Bitcoin developer called Jameson Lopp took time to comment on the web app. He recently shared his favorite penis doodle that he created on the canvas.
If you wish to draw a doodle and see how the Lightning Network works, simply visit the site. This could help to popularize LN and spread awareness of its existence. Although it has helped to speed up some Bitcoin transactions, it is not being used widely enough to help lower transactions costs even more for all.
And shoutout to @SatoshisPlace for the great game.
— [Nick]⚡️[BTC – ŁTC] (@NickLTC) June 12, 2018