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From: Benjamin <benjamin.l.cordes@gmail.com>
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--001a1134b63a7564cc0521fd389a
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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 somebody
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 su=
perior
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 sub=
ject 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 liquidity=
=E2=80=9D and =E2=80=9Ccapital
requirements=E2=80=9D?
=E2=80=9CBlockstream's innovative solutions are definitely a game changer f=
or 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
--001a1134b63a7564cc0521fd389a
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div><div>Hello all,</div><div><br></div><div>I was very s=
urprised 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=9Cpropos=
al=E2=80=9D.</div><div>=C2=A0</div><div>=E2=80=9CThis new construction esta=
blishes a security profile inherently superior to existing methods of rapid=
transfer and settlement, and is directly applicable to other problems with=
in existing financial institutions.=E2=80=9D</div><div><br></div><div>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 &quo=
t;settlement"? Bitcoin is anonymous, digital cash. There is no such th=
ing 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 y=
ou make up new terms define them accurately and don't play the crypto-b=
uzzword-bingo game.</div><div><br></div><div>=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</div><div><br></di=
v><div>Again =E2=80=93 what does Bitcoin have to do with =E2=80=9Cmarket li=
quidity=E2=80=9D and =E2=80=9Ccapital requirements=E2=80=9D?</div><div><br>=
</div><div>=E2=80=9CBlockstream's innovative solutions are definitely a=
game changer for the Bitcoin industry.=E2=80=9D</div><div><br></div><div>D=
oes Blockstream have commercial products now?</div><div><br></div><div>&quo=
t;These initial launch partners include Bitfinex, BTCC, Kraken, Unocoin, an=
d Xapo, and discussions are underway with another dozen major institutional=
traders and licensed exchanges. "</div></div><div><br></div><div>??? =
so many questions and no answers.</div><div><br></div><div>Regards,</div><d=
iv>Benjamin</div></div>
--001a1134b63a7564cc0521fd389a--
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