The Bitcoin Cash (BCH) supporters have used a different kind of "LN Trust Chain" in forums and social media. The social experiment for sharing digital value has taken a different path than Lightning Torch, as people can split the indivisible SLP Torch chain for a fraction of a cent.
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The single, indivisible SLP Torch begins with a Passing Ceremony
In recent weeks, Lightning Network (LN) followers have participated in a social experiment called Lightning Torch. This means that a small part of the BTC is shared in a similar way as the passage of the Olympic Torch. A few weeks after the LN experiment, a BCH fan named "Cipher Gnome" created a Bitcoin Cash (BCH) version of the Simple Ledger Protocol torch. After creating the torch on March 6, Cipher Gnome stated that there is only one SLP torch and the token can not be split. Since then, BCH fans, just like the LN experiment, have enjoyed sharing the rare characters on Reddit and Twitter.
The SLP Flashlight has passed through the hands of people like developer Josh Ellithorpe, Don Wonton, Collin Enstad, Imaginary Username, Souper Nerd and Roger Ver. After Ver had the torch, he decided to pass it on to Paul Lambert, because of complications Lambert had trouble getting the lightning torch. "The SLP Flashlight was passed on to the person who previously tried to use LN to get the LN-chain of trustbut failed because it was "years away" from the readiness for reliable use " explained Ver.
As far as trust is concerned, the SLP torch differs completely from the LN chain of trust
Lambert is the brother of Spencer Lambert, the owner of the BCH chickens, the famous poultry that will get mealworms from people who pay for a BCH-powered machine that distributes the food. The next day then Spencer passed the SLP torch to a girl named Laura via Twitter. BCH fans can see the SLP flashlight with a special website on Github designed specifically to follow the unique token-changing hands.
Note to #SLPTorch : Unlike coin-operated and LN torches, it can not be detected with just one device. You can not press Continue if you make a mistake, do not insert a coin to fight the same boss twice.
Each striker is more exciting than "torches" that can be reborn immediately.
– imaginary_username (@im_uname) March 10, 2019
Of course a few LN trailers did not like the idea the SLP torch, so somebody decided to make an LN version and some users were already there pass it on to others on twitter. However, BCH enthusiasts in the social media explained that SLP Torch differs from the LN Trust Chain experiment because it is considered much less trustworthy in many ways. Well-known BCH advocate Collin Enstad noted the differences between the two experiments say:
Some things to keep in mind: [SLP Torch] Passing takes place with a non-depositable badger wallet. There are no long bills that can time out and I did not have to run a node. I did not need the same amount of "torch" in a channel to get the SLP torch. It was also sent in an onchain BCH transaction for a fraction of a penny.
Overall, the Bitcoin cash community generally seems to like the idea of the SLP Torch and the Simple Ledger Protocol in general. In recent weeks, individuals and organizations have created a ton of SLP tokens that use the BCH chain and release it on the Web. The SLP flashlight created by Cipher Gnome is unique in that it can not be duplicated and split, and when the SLP flashlight experiment comes to an end, someone will hold a piece of history in their hands.
What do you think about the SLP Torch? Please tell us what you think about this topic in the comments below.
Photo credits: Shutterstock, Bitcoin.com Block Explorer, Pixabay, SLP Torch Explorer and Twitter.
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The Post-Bitcoin-Cash fans start with the "Torch Passing" ceremony with an indivisible token in the Bitcoin messages.