Hi all!
I've been thinking a lot about how to add the benefits that lightning
provides in terms of privacy and speed to the smart contracts unchained
setup. The high-level idea is to utilize the fact that a lightning channel
already has on-chain funds locked up, and if parties cooperate, some of
Good morning Nadav,
Yes, transporting contracts over a single direct channel is always possible.
When Lightning switches to Decker-Russell-Osuntokun ("eltoo"), do note that
contracts with an absolute timelock must be forced onchain earlier than the
absolute timelock by the CSV requirement of
Hi,
I took the example of colored coins because you quoted ethereum and like
most of ethereum tokens most of them reflect something coming from
nowhere, worse I can send you 10K Tethers if you like that of course
will not be validated by the central system but will be recorded in
bitcoin
Good morning Aymeric,
> Hi,
>
> Apparently you are not a fan of ethereum, as far as I can tell ethereum
> sidechains look like a mess with stupid tokens/transactions flooding the
> network while they are completely centralized, but some bitcoin
> sidechains can easily compete with this too, like
Hi,
Apparently you are not a fan of ethereum, as far as I can tell ethereum
sidechains look like a mess with stupid tokens/transactions flooding the
network while they are completely centralized, but some bitcoin
sidechains can easily compete with this too, like Tether, don't even
understand
Building from this ---
It is possible via this mechanism for the federation to be selected by the
participants, rather than the federation being defined as a fixed set by the
smart contract platform.
Perhaps anyone can advertise themselves (by e.g. locking some bonded amount on
the blockchain
Good morning Aymeric,
> What if the smart contract platform(s) disappear?
>
It is still possible to recover the funds, *if* you can convince all
participants of some "fair" distribution of the funds.
You do this by all participants simply signing with their participant keys and
taking the
What if the smart contract platform(s) disappear?
The proposal induces a very centralized system, to my knowledge all of
existing sidechains whether on bitcoin or ethereum are centralized,
except lightning (if we forget that someone must watch what others are
doing when you are on a trek in
Somebody pointed out this to me:
https://gavintech.blogspot.com/2014/06/bit-thereum.html
I have updated the page accordingly.
One thing that seems not mentioned in bit-thereum is the "as long as everybody
agrees" escape hatch, i.e. one branch which allows spending to anything
(including a
Good morning Ariel,
> However, consider the situation where a group of participants are playing
> poker. One participant loses all their funds and decides to present to the
> escrow the contract+an old contract state+a signed message following the
> contract rules (eg. an independently signed
Hello ZmnSCPxj
I like the proposal because it generalizes escrow type mechanisms and I think
it's a useful train of thought for distributed exchanges.
However, consider the situation where a group of participants are playing
poker. One participant loses all their funds and decides to present
Hi ZmnSCPxj,
Thought provoking, thank you!
Something I dislike in the scheme, that one could not tell which party colluded
with the escrow agent.
Tamas Blummer
> On Apr 4, 2019, at 03:55, ZmnSCPxj via bitcoin-dev
> wrote:
>
> https://zmnscpxj.github.io/bitcoin/unchained.html
>
> Smart
12 matches
Mail list logo
