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Date: Tue, 13 Oct 2015 22:52:39 +0200
Message-ID: <CALqxMTH+2BCLHaGjZN_1SP0rEk=jtQDNiTLmJKZKLiYJxa6-EQ@mail.gmail.com>
From: Adam Back <adam@cypherspace.org>
To: Daniel Newton <djpnewton@gmail.com>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Liquid
Precedence: list

Benjamin you may want to read this reddit thread on liquid:

https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_firs=
t_sidechain_for_bitcoin/

and if you feel your questions are not answered, post them there?

(This list is about bitcoin development so it's not really on topic for her=
e).

Adam

On 13 October 2015 at 21:37, Daniel Newton via bitcoin-dev
<bitcoin-dev@lists.linuxfoundation.org> wrote:
>>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?
>
> 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 someb=
ody
>> 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 =
subject 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 liquid=
ity=E2=80=9D and =E2=80=9Ccapital
>> requirements=E2=80=9D?
>>
>> =E2=80=9CBlockstream's innovative solutions are definitely a game change=
r 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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