Re: [Lightning-dev] An Argument For Single-Asset Lightning Network

2018-12-27 Thread Alexander Leishman
There’s another potential partial solution here if we can create some cryptographic protocol for atomically swapping information. This would be used to swap the final HTLC sig for the hash preimage, preventing the optionality issue. This idea was inspired by a paper called “Timed Commitments” by

Re: [Lightning-dev] An Argument For Single-Asset Lightning Network

2018-12-27 Thread Alexander Leishman
Hello ZmnSCPxj, > Do you mean, that if you make a swap on Lightning, which *might* be a Bitcoin-to-WJT American Call Option, I will refuse to forward until I also get something that is a WJT-to-Bitcoin call option, similar to a butterfly spread? > That implies that in the "normal", non-American-ca

Re: [Lightning-dev] Proposal: Lightning Pre-Image Encryption Standard

2019-07-04 Thread Alexander Leishman
Nadav, This is an interesting proposal, but because this still requires the customer to trust the merchant, I am concerned that it adds complexity without any meaningful guarantee to the customer. Perhaps it makes sense to at least include some extension field here that allows the merchant to incl

Re: [Lightning-dev] Proposal: Lightning Pre-Image Encryption Standard

2019-07-05 Thread Alexander Leishman
Chris, Thanks for that explanation. I could see how this makes sense for lightweight data payloads because it reduces the round trip count, but I agree with ZmnSCPxj that this could pose a DoS risk for larger data payloads. This DoS risk is even more magnified for ZKCPs. I would guess that APIs s