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| author | Hector Chu <hectorchu@gmail.com> | 2015-08-11 10:01:13 +0100 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2015-08-11 09:01:36 +0000 |
| commit | 2143511fe2507416d36a6932e78534dfc7d5a97b (patch) | |
| tree | d856e5f34a726224883f5369fa2c0105853b3646 /3e | |
| parent | 1a2e6832a82cf51b40471494c1d02f4669debc04 (diff) | |
| download | pi-bitcoindev-2143511fe2507416d36a6932e78534dfc7d5a97b.tar.gz pi-bitcoindev-2143511fe2507416d36a6932e78534dfc7d5a97b.zip | |
Re: [bitcoin-dev] What Lightning Is
Diffstat (limited to '3e')
| -rw-r--r-- | 3e/07fdf190ed0d89328c94c6d5529985ef835498 | 132 |
1 files changed, 132 insertions, 0 deletions
diff --git a/3e/07fdf190ed0d89328c94c6d5529985ef835498 b/3e/07fdf190ed0d89328c94c6d5529985ef835498 new file mode 100644 index 000000000..0c41fa5f8 --- /dev/null +++ b/3e/07fdf190ed0d89328c94c6d5529985ef835498 @@ -0,0 +1,132 @@ +Return-Path: <hectorchu@gmail.com> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id 2F0797AD + for <bitcoin-dev@lists.linuxfoundation.org>; + Tue, 11 Aug 2015 09:01:36 +0000 (UTC) +X-Greylist: whitelisted by SQLgrey-1.7.6 +Received: from mail-la0-f48.google.com (mail-la0-f48.google.com + [209.85.215.48]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 4053B132 + for <bitcoin-dev@lists.linuxfoundation.org>; + Tue, 11 Aug 2015 09:01:35 +0000 (UTC) +Received: by lahi9 with SMTP id i9so36850831lah.2 + for <bitcoin-dev@lists.linuxfoundation.org>; + Tue, 11 Aug 2015 02:01:33 -0700 (PDT) +DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; + h=mime-version:in-reply-to:references:from:date:message-id:subject:to + :cc:content-type; + bh=Bt0/9CuYoGfDHBhUhpIfkTwuvDQLFjBZE74nwVn1FlY=; + b=HcHquNNRS3HkuaGnooiENzDQj6zWjw1X9WpAgpjtzkynOVveE4s6yoN1M9LfToUcvG + pTiRsYwk2PPShU2z1ZPA/AZCum9bfxKeOUCM4PDVr2rqYOg/Jv+y6ovzSk6PQFztBozv + Z4FUMOdZd16u5ZFwy9szVmWVE4h4I2muwPXhpY9REVFGFLMKA/8SIoYrg4DN2gNNJ27w + V4hMPyrpJZWmAPYML0tSISFv4gsklCwA151AevGUyqmJ9tamDdhbHEICfhUuIArJ0wgj + FR8I2MNoEetTR8xM4ugzFfc0sMmISK5MsbdpJfBvjZE5/JGCi6wnajQwFqEpwMdvRpL4 + WBDg== +X-Received: by 10.112.129.104 with SMTP id nv8mr10818615lbb.63.1439283693502; + Tue, 11 Aug 2015 02:01:33 -0700 (PDT) +MIME-Version: 1.0 +Received: by 10.25.22.25 with HTTP; Tue, 11 Aug 2015 02:01:13 -0700 (PDT) +In-Reply-To: <CALqxMTEHL-UV1tdvBJDRS2t8xGb=incG3x0UZJ9FZ=+Dk7dN1g@mail.gmail.com> +References: <CA+w+GKTLBWj6b4ppwrmnXb_gybYFcrX7haLBSdCnMaijy2An4w@mail.gmail.com> + <CABm2gDpWPhYNh=g-ZXCsfe-aPq=N6NKSWKP9kr-KtPVrWAxB7Q@mail.gmail.com> + <CAAO2FKHsczkwwqO87cJFtxBp9JE=vf=GcxLx37GpRUkPq8VGHQ@mail.gmail.com> + <55C79FF0.8040100@thinlink.com> + <CAOG=w-skYq84=PtN45FB-dGoY1783Jz7K1T16e2JVGjLazWuyA@mail.gmail.com> + <CALJP9GDMgqn2VeR4y4RVxqJ_iW57hExwXBHNSkxo+-AK+7Zb6g@mail.gmail.com> + <55C7CECB.7050905@gmail.com> + <CAAO2FKFBC46rFe7FV+F_H0gPiVfY8S7g09O2RNxMoZMCwywp6A@mail.gmail.com> + <CABsx9T03BXULmu_mNq+3Qd-68CYpYy67+CpMV9hCYaYb1Bc+1A@mail.gmail.com> + <20150810210240.GC12450@navy> <20150810211901.GD12450@navy> + <CALqxMTEHL-UV1tdvBJDRS2t8xGb=incG3x0UZJ9FZ=+Dk7dN1g@mail.gmail.com> +From: Hector Chu <hectorchu@gmail.com> +Date: Tue, 11 Aug 2015 10:01:13 +0100 +Message-ID: <CAAO2FKHMcht51bm+w_D47YSZemjh89B6gS2jRp3QQj1Ec=N2cQ@mail.gmail.com> +To: Adam Back <adam@cypherspace.org> +Content-Type: multipart/alternative; boundary=047d7b3a8bee484796051d05593e +X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, + DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_LOW + autolearn=ham version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org> +Subject: Re: [bitcoin-dev] What Lightning Is +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +List-Id: Bitcoin Development Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Tue, 11 Aug 2015 09:01:36 -0000 + +--047d7b3a8bee484796051d05593e +Content-Type: text/plain; charset=UTF-8 + +Lightning will never catch on as it basically demands that everyone who +uses it to become a speculator. Payment hubs and merchants will be at the +mercy of the bitcoin price while their funds stay locked up in payment +channels. This idea is a dead-end. + +On 10 August 2015 at 22:43, Adam Back via bitcoin-dev < +bitcoin-dev@lists.linuxfoundation.org> wrote: + +> In terms of usage I think you'd more imagine a wallet that basically +> parks Bitcoins onto channels at all times, so long as they are +> routable there is no loss, and the scalability achieved thereby is +> strongly advantageous, and there is even the potential for users to +> earn fees by having their wallets participate in channel rebalancing +> (where hubs pay users to rebalance channels - end up with the same net +> position but move funds from one user-owned channel to another.) +> Exchange deposit, withdrawal, payments, even in-exchange trades can +> usefully happen in lightning for faster, cheaper more scalable +> transactions. +> +> Adam +> _______________________________________________ +> bitcoin-dev mailing list +> bitcoin-dev@lists.linuxfoundation.org +> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev +> + +--047d7b3a8bee484796051d05593e +Content-Type: text/html; charset=UTF-8 +Content-Transfer-Encoding: quoted-printable + +<div dir=3D"ltr">Lightning will never catch on as it basically demands that= + everyone who uses it to become a speculator. Payment hubs and merchants wi= +ll be at the mercy of the bitcoin price while their funds stay locked up in= + payment channels. This idea is a dead-end.</div><div class=3D"gmail_extra"= +><br><div class=3D"gmail_quote">On 10 August 2015 at 22:43, Adam Back via b= +itcoin-dev <span dir=3D"ltr"><<a href=3D"mailto:bitcoin-dev@lists.linuxf= +oundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation.org</a>&= +gt;</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 = +0 .8ex;border-left:1px #ccc solid;padding-left:1ex">In terms of usage I thi= +nk you'd more imagine a wallet that basically<br> +parks Bitcoins onto channels at all times, so long as they are<br> +routable there is no loss, and the scalability achieved thereby is<br> +strongly advantageous, and there is even the potential for users to<br> +earn fees by having their wallets participate in channel rebalancing<br> +(where hubs pay users to rebalance channels - end up with the same net<br> +position but move funds from one user-owned channel to another.)<br> +Exchange deposit, withdrawal, payments, even in-exchange trades can<br> +usefully happen in lightning for faster, cheaper more scalable<br> +transactions.<br> +<br> +Adam<br> +<div class=3D"HOEnZb"><div class=3D"h5">___________________________________= +____________<br> +bitcoin-dev mailing list<br> +<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.= +linuxfoundation.org</a><br> +<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" = +rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail= +man/listinfo/bitcoin-dev</a><br> +</div></div></blockquote></div><br></div> + +--047d7b3a8bee484796051d05593e-- + |