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Date: Mon, 28 Jun 2021 10:38:10 -0700
From: raymo@riseup.net
To: Tao Effect <contact@taoeffect.com>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Boost Bitcoin circulation,
Million Transactions Per Second with stronger privacy
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Hi Greg,
You are right, the whole scenario is:
there is an issuer which own a UTXO
issuers get fiat money or goods or services from creditor in exchange of
a transaction.
the transactions are intended to circulate in Sabu protocol instead of
sending to Bitcoin network.
creditor can not sign the transaction at all. instead he can ask issuer
to change the balances (transaction outputs) and transfer some of his
money to other creditor...
here is complete paper to read it carefully:
https://raymo-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d180
Cheers
Raymo
On 2021-06-28 17:29, Tao Effect wrote:
> Hi ZmnSCPxj & Raymo,
>
>> On Jun 28, 2021, at 8:28 AM, ZmnSCPxj via bitcoin-dev
>> <bitcoin-dev@lists.linuxfoundation.org> wrote:
>>
>> Good morning Raymo,
>>
>>> Hi ZmnSCPxj,
>>
>>> […]
>> What prevents the creditor from signing a transaction that is
>> neither a valid MT nor a GT?
>>
>> Nothing.
>
> How would the creditor create such a transaction? They need the
> issuer’s private key, so they can’t create it? Am I
> misunderstanding the scenario you’re describing? If so could you
> give a more detailed description?
>
> Cheers,
> Greg
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