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From: Daniel Newton <djpnewton@gmail.com>
Date: Wed, 14 Oct 2015 08:37:56 +1300
Message-ID: <CAOUBo+9D7LQ-S6Rown_sbxxb9366cQj0c0HcU72B=4sBmmS0rg@mail.gmail.com>
To: Benjamin <benjamin.l.cordes@gmail.com>
Content-Type: multipart/alternative; boundary=001a114fb0428a4e7f05220197f7
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Liquid
Precedence: list

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>Again =E2=80=93 what does Bitcoin have to do with =E2=80=9Cmarket liquidit=
y=E2=80=9D and =E2=80=9Ccapital
requirements=E2=80=9D?

You seem to be conflating bitcoin with blockstream/liquid. Your question
does not make sense.

>Does Blockstream have commercial products now?

Yes. I am sure that was always their plan in order to stay a viable
commercial entity

On Wed, Oct 14, 2015 at 3:25 AM, Benjamin via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> Hello all,
>
> I was very surprised to learn that Blockstream will implement Sidechains
> for exchanges [1], [2] and has been working on this privately. Can somebo=
dy
> explain this =E2=80=9Cannouncement=E2=80=9D? Just a few comments on this =
=E2=80=9Cproposal=E2=80=9D.
>
> =E2=80=9CThis new construction establishes a security profile inherently =
superior
> to existing methods of rapid transfer and settlement, and is directly
> applicable to other problems within existing financial institutions.=E2=
=80=9D
>
> First of all, what does Bitcoin have to do with existing financial
> institutions? Secondly, what in do you mean by =E2=80=9Crapid transfer=E2=
=80=9D and
> "settlement"? Bitcoin is anonymous, digital cash. There is no such thing =
as
> settlement, there is only the transfer of digital cash and that's it
> (settlement is a bad word for this kind of transfer of property). If you
> make up new terms define them accurately and don't play the
> crypto-buzzword-bingo game.
>
> =E2=80=9CThis, in addition to increasing the security of funds normally s=
ubject to
> explicit counterparty risk, fosters conditions that increase market
> liquidity and reduce capital requirements for on-blockchain business
> models.=E2=80=9D
>
> Again =E2=80=93 what does Bitcoin have to do with =E2=80=9Cmarket liquidi=
ty=E2=80=9D and =E2=80=9Ccapital
> requirements=E2=80=9D?
>
> =E2=80=9CBlockstream's innovative solutions are definitely a game changer=
 for the
> Bitcoin industry.=E2=80=9D
>
> Does Blockstream have commercial products now?
>
> "These initial launch partners include Bitfinex, BTCC, Kraken, Unocoin,
> and Xapo, and discussions are underway with another dozen major
> institutional traders and licensed exchanges. "
>
> ??? so many questions and no answers.
>
> Regards,
> Benjamin
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>

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<div dir=3D"ltr"><div><div>&gt;Again =E2=80=93 what does Bitcoin have to do=
 with =E2=80=9Cmarket liquidity=E2=80=9D and =E2=80=9Ccapital requirements=
=E2=80=9D?<br><br></div>You seem to be conflating bitcoin with blockstream/=
liquid. Your question does not make sense.<br><br>&gt;Does Blockstream have=
 commercial products now?<br><br></div>Yes. I am sure that was always their=
 plan in order to stay a viable commercial entity<br></div><div class=3D"gm=
ail_extra"><br><div class=3D"gmail_quote">On Wed, Oct 14, 2015 at 3:25 AM, =
Benjamin via bitcoin-dev <span dir=3D"ltr">&lt;<a href=3D"mailto:bitcoin-de=
v@lists.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfound=
ation.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"><div dir=
=3D"ltr"><div><div>Hello all,</div><div><br></div><div>I was very surprised=
 to learn that Blockstream will implement Sidechains for exchanges [1], [2]=
 and has been working on this privately. Can somebody explain this =E2=80=
=9Cannouncement=E2=80=9D? Just a few comments on this =E2=80=9Cproposal=E2=
=80=9D.</div><div>=C2=A0</div><div>=E2=80=9CThis new construction establish=
es a security profile inherently superior to existing methods of rapid tran=
sfer and settlement, and is directly applicable to other problems within ex=
isting financial institutions.=E2=80=9D</div><div><br></div><div>First of a=
ll, what does Bitcoin have to do with existing financial institutions? Seco=
ndly, what in do you mean by =E2=80=9Crapid transfer=E2=80=9D and &quot;set=
tlement&quot;? Bitcoin is anonymous, digital cash. There is no such thing a=
s settlement, there is only the transfer of digital cash and that&#39;s it =
(settlement is a bad word for this kind of transfer of property). If you ma=
ke up new terms define them accurately and don&#39;t play the crypto-buzzwo=
rd-bingo game.</div><div><br></div><div>=E2=80=9CThis, in addition to incre=
asing the security of funds normally subject to explicit counterparty risk,=
 fosters conditions that increase market liquidity and reduce capital requi=
rements for on-blockchain business models.=E2=80=9D</div><div><br></div><di=
v>Again =E2=80=93 what does Bitcoin have to do with =E2=80=9Cmarket liquidi=
ty=E2=80=9D and =E2=80=9Ccapital requirements=E2=80=9D?</div><div><br></div=
><div>=E2=80=9CBlockstream&#39;s innovative solutions are definitely a game=
 changer for the Bitcoin industry.=E2=80=9D</div><div><br></div><div>Does B=
lockstream have commercial products now?</div><div><br></div><div>&quot;The=
se initial launch partners include Bitfinex, BTCC, Kraken, Unocoin, and Xap=
o, and discussions are underway with another dozen major institutional trad=
ers and licensed exchanges. &quot;</div></div><div><br></div><div>??? so ma=
ny questions and no answers.</div><div><br></div><div>Regards,</div><div>Be=
njamin</div></div>
<br>_______________________________________________<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>
<br></blockquote></div><br></div>

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