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author | Tier Nolan <tier.nolan@gmail.com> | 2016-08-08 10:56:24 +0100 |
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committer | bitcoindev <bitcoindev@gnusha.org> | 2016-08-08 09:56:27 +0000 |
commit | a815be4a7b91b934de259a2e2c9a53102abc2cb8 (patch) | |
tree | 45d5a2cbae75dca1b1167851c841d5e7d9d53c11 | |
parent | 26ddb033334ed87b09fe2c434bed78e03f910d75 (diff) | |
download | pi-bitcoindev-a815be4a7b91b934de259a2e2c9a53102abc2cb8.tar.gz pi-bitcoindev-a815be4a7b91b934de259a2e2c9a53102abc2cb8.zip |
Re: [bitcoin-dev] BIP clearing house addresses
-rw-r--r-- | 36/62395ac3313aa40cc62154f050119fb3284403 | 145 |
1 files changed, 145 insertions, 0 deletions
diff --git a/36/62395ac3313aa40cc62154f050119fb3284403 b/36/62395ac3313aa40cc62154f050119fb3284403 new file mode 100644 index 000000000..e8a9edb4a --- /dev/null +++ b/36/62395ac3313aa40cc62154f050119fb3284403 @@ -0,0 +1,145 @@ +Return-Path: <tier.nolan@gmail.com> +Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org + [172.17.192.35]) + by mail.linuxfoundation.org (Postfix) with ESMTPS id 685B392 + for <bitcoin-dev@lists.linuxfoundation.org>; + Mon, 8 Aug 2016 09:56:27 +0000 (UTC) +X-Greylist: whitelisted by SQLgrey-1.7.6 +Received: from mail-qk0-f193.google.com (mail-qk0-f193.google.com + [209.85.220.193]) + by smtp1.linuxfoundation.org (Postfix) with ESMTPS id D9438115 + for <bitcoin-dev@lists.linuxfoundation.org>; + Mon, 8 Aug 2016 09:56:25 +0000 (UTC) +Received: by mail-qk0-f193.google.com with SMTP id x189so20478269qkd.0 + for <bitcoin-dev@lists.linuxfoundation.org>; + Mon, 08 Aug 2016 02:56:25 -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:cc; + bh=AsaQk/DIyoO5JzNlMBE9L5n7wX00A9/ir7XerCp6Rog=; + b=S7RbCESLt9afNdwzJibTgfIBvCccyawCmXcSTMCdOYtyaP3jfexlpTHrW6Z/Hu4Jus + lmONEoAngF7njSSgQJUGEa3tox1K+dg9nkOB2YCdgv4oYCC4EOyfRBAX9KfgTNuke5ky + kWc8InV2C8DeKxqhv3PnlOaxUDA/nHYPoBA8Jym5cqPIaga5ZLQl6JmOwCONAQNXBaVg + cswqv9LMjLUBPKGsz2Q7b2Hq+oUPgyoeAm+SpXqbERf+xxr1PIWHZLTJhaBT1WiWPMd1 + d0gjkqN8laucbTkjEiqcfARBPhURek0OE9hYwurn5dSMi2Ii4ncoN6DG0AZo9MGANqHu + ZpTw== +X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; + d=1e100.net; s=20130820; + h=x-gm-message-state:mime-version:in-reply-to:references:from:date + :message-id:subject:cc; + bh=AsaQk/DIyoO5JzNlMBE9L5n7wX00A9/ir7XerCp6Rog=; + b=krfvs7pylm7XumwnQ2hs16CgZptulYKJlCqp3j0ZGwsDYSZSJNyDJlkXWHiYWwGXHf + CC8/tC73Ecrhr4yVLhr4zrpjGvjgoXyprc3/trGLHQGEIlmZe3+UxsbcsF+naiyCaIBA + mdWYW0erFfwUt/rT4OImRF/SqSl/ZOggN8JyX5CR8wYbqWtEoOxlTxaHPJfjXRvhT1zu + lm/D1TReEoDaZerFqNgk6m5CFhoHejhvWPFtCKOUcXU3c5PxelJ3+X/7Nq0pOcxobfLk + AmDIFtxkcovQOWHZFxXAX6qEB4W9IOHw2BPckDaxrRcv9/4A4MzQfkChCPDdI9XOsKap + j3Lg== +X-Gm-Message-State: AEkoouuEeXIapAulkpdYoQKqPbUQawpDyvFbOQbydAFW9Fs6WE5uG+NG5Q4o2C88lqk6ABJNl5Ywpc301PqeFA== +X-Received: by 10.55.162.67 with SMTP id l64mr25876135qke.277.1470650184799; + Mon, 08 Aug 2016 02:56:24 -0700 (PDT) +MIME-Version: 1.0 +Received: by 10.200.46.193 with HTTP; Mon, 8 Aug 2016 02:56:24 -0700 (PDT) +In-Reply-To: <CAAEDBiF1F1FkBXWQn_JgE0cr-aeVRAi29ETow0Sg95DO2MBGWQ@mail.gmail.com> +References: <CAAEDBiGMGWLeC81vkojGwEqQTT1HQaE=a3z114u6=FXXM2DRtQ@mail.gmail.com> + <0b314ab7-b5ec-3468-15d7-37e07a6b592c@sky-ip.org> + <CAE-z3OUJBVn8Ogc8gCZbJ0V_JV1UQjk0FSBjguzwgZ5kTjBTtA@mail.gmail.com> + <CAAEDBiGWuV+6cXzbs0eAUNFZJ4KWFGUF7oeCTEKkGGjmrTB-cw@mail.gmail.com> + <CAJowKgK4EckX86M6Gt-XYCuwOdSwcVtHZW8oYZn-AC55gYqUZQ@mail.gmail.com> + <CAAEDBiF1F1FkBXWQn_JgE0cr-aeVRAi29ETow0Sg95DO2MBGWQ@mail.gmail.com> +From: Tier Nolan <tier.nolan@gmail.com> +Date: Mon, 8 Aug 2016 10:56:24 +0100 +Message-ID: <CAE-z3OXkvZdr2AqQyySdZWmtpoED8yp=K1HXfNSc5pd9anLh3w@mail.gmail.com> +Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +Content-Type: multipart/alternative; boundary=94eb2c0544b8da9d9905398c6d4e +X-Spam-Status: No, score=-0.9 required=5.0 tests=BAYES_00,DKIM_SIGNED, + DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, HTML_MESSAGE, + MALFORMED_FREEMAIL, + MISSING_HEADERS,RCVD_IN_DNSWL_LOW autolearn=no version=3.3.1 +X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on + smtp1.linux-foundation.org +Subject: Re: [bitcoin-dev] BIP clearing house addresses +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.12 +Precedence: list +List-Id: Bitcoin Protocol 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: Mon, 08 Aug 2016 09:56:27 -0000 + +--94eb2c0544b8da9d9905398c6d4e +Content-Type: text/plain; charset=UTF-8 + +On Mon, Aug 8, 2016 at 1:48 AM, Matthew Roberts <matthew@roberts.pm> wrote: + +> Not everyone who uses centralized exchanges are there to obtain the +> currency though. A large portion are speculators who need to be able to +> enter and exit complex positions in milliseconds and don't care about +> decentralization, security, and often even the asset that they're buying. +> + +Centralized exchanges also allow for things like limit orders. You don't +even have to be logged in and they can execute trades. This couldn't be +done with channels. + +> Try telling everyone who currently uses Btc-e to go do their margin +> trading over lightning channels, for example. +> + +Using channels and a centralized exchange gets many of the benefits of a +distributed exchange. + +The channel allows instant funding while allowing the customer to have full +control over the funds. The customer could fund the channel and then move +money to the exchange when needed. + +Even margin account holders might like the fact that it is clear which +funds are under their direct control and which funds are held by the +exchange. + +If they are using bitcoin funds as collateral for a margin trade, then +inherently the exchange has to have control over those funds. A 2 of 3 +system where the customer, exchange and a 3rd party arbitration agency +holds keys might be acceptable to the exchange. + +--94eb2c0544b8da9d9905398c6d4e +Content-Type: text/html; charset=UTF-8 +Content-Transfer-Encoding: quoted-printable + +<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On M= +on, Aug 8, 2016 at 1:48 AM, Matthew Roberts <span dir=3D"ltr"><<a href= +=3D"mailto:matthew@roberts.pm" target=3D"_blank">matthew@roberts.pm</a>>= +</span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .= +8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><p style= +=3D"margin-bottom:0in">Not everyone who uses centralized +exchanges are there to obtain the currency though. A large portion +are speculators who need to be able to enter and exit complex +positions in milliseconds and don't care about decentralization, securi= +ty, and often even the asset that they're buying.<br></p></div></blockq= +uote><div><br></div><div>Centralized exchanges also allow for things like l= +imit orders.=C2=A0 You don't even have to be logged in and they can exe= +cute trades.=C2=A0 This couldn't be done with channels.<br></div><div><= +/div><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-le= +ft:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr"><p style=3D"margin-bot= +tom:0in"></p> + +<p style=3D"margin-bottom:0in">Try telling everyone who currently uses +Btc-e to go do their margin trading over lightning channels, for +example.</p></div></blockquote><div><br></div><div>Using channels and a cen= +tralized exchange gets many of the benefits of a distributed exchange.<br><= +/div><div><br></div><div>The channel allows instant funding while allowing = +the customer to have full control over the funds.=C2=A0 The customer could = +fund the channel and then move money to the exchange when needed.=C2=A0 <br= +><br></div><div>Even margin account holders might like the fact that it is = +clear which funds are under their direct control and which funds are held b= +y the exchange.<br><br></div><div>If they are using bitcoin funds as collat= +eral for a margin trade, then inherently the exchange has to have control o= +ver those funds.=C2=A0 A 2 of 3 system where the customer, exchange and a 3= +rd party arbitration agency holds keys might be acceptable to the exchange.= +<br></div></div></div></div> + +--94eb2c0544b8da9d9905398c6d4e-- + |