Re: [Lightning-dev] Nucleus: Capital-efficient multipeer Lightning payment channels

2023-08-31 Thread Atomic Mr Nuclear
((This message was originally sent only to ZmnSCPxj and not to the mail list due to a mistake)) Hi, ZmnSCPxj > The major difference here is that for PoW, it is impossible to create a "sybil > attack" where you only need to spin up multiple nodes on AWS containers, each > with its own

Re: [Lightning-dev] Nucleus: Capital-efficient multipeer Lightning payment channels

2023-08-30 Thread ZmnSCPxj via Lightning-dev
Dear Mr Nucleus, and list, Some more points: * Miners in existing Bitcoin are only given the ability to reorder transactions, but not to outright spend funds. This is why drivechains --- and recursive covenants, which, with some additional covenant features (that are more useful in general

Re: [Lightning-dev] Nucleus: Capital-efficient multipeer Lightning payment channels

2023-08-28 Thread ZmnSCPxj via Lightning-dev
Good morning Mr Nuclear, > You are correct that the design relies on the honest majority assumption. > However, I disagree that it restricts the usability of the proposal, > due to the following considerations. > > 1. Any distributed system consensus, including bitcoin PoW consensus, > relies

Re: [Lightning-dev] Nucleus: Capital-efficient multipeer Lightning payment channels

2023-08-27 Thread Atomic Mr Nuclear
Dear David, Thank you very much for your time reading and analyzing the work. You are correct that the design relies on the honest majority assumption. However, I disagree that it restricts the usability of the proposal, due to the following considerations. 1. Any distributed system

Re: [Lightning-dev] Nucleus: Capital-efficient multipeer Lightning payment channels

2023-08-25 Thread David A. Harding
On 2023-08-20 16:25, Atomic Mr Nuclear wrote: Dear community, In the attachment you will find a new proposal for Lightning multipeer payment channels Hi, Thanks for working on multiparty channel design. Quoting from the paper: in case some of the peers become unresponsive, the channel