From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 46240BC8 for ; Tue, 13 Oct 2015 14:25:42 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-ob0-f181.google.com (mail-ob0-f181.google.com [209.85.214.181]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id DE27C1A7 for ; Tue, 13 Oct 2015 14:25:41 +0000 (UTC) Received: by obbrx8 with SMTP id rx8so14736332obb.3 for ; Tue, 13 Oct 2015 07:25:41 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:date:message-id:subject:from:cc:content-type; bh=PrR4D+l5NEXrWTdBvDEg4g+gN6UM+sPp0hOdLQcQkxs=; b=Toj/RJpDYDsSZnmjCbGtronijyo6vJ0yRClrQDGhJtmM6nUd1Bb0U8Onjb0965mISN w3dhiVlKBoybbFysEtmf5Jv5cY4+DZn3Z7WHo9mS4hda7O4gYbWo46YD9wefxFrYU+aG 22iBKkOOK1bifplFHvzwxW+4ziZWj5Z9EUSCPwnE466dRGeJSqd2/2zqXRemTB91yw9l Wndprusws9jkMTPNjvNZ63w2M2cXcOp1QOVtuuyCATSWRtDLMrPRYB0/qBx8Kv1Yy2OU z7F/6Q2C4I28T48mMVp6tE9EecEyw0NyNKeVbc28W4yspEa2mCr3V0VRTZFsE7UxFy7L UyEg== MIME-Version: 1.0 X-Received: by 10.182.230.75 with SMTP id sw11mr19191041obc.47.1444746341211; Tue, 13 Oct 2015 07:25:41 -0700 (PDT) Received: by 10.202.201.132 with HTTP; Tue, 13 Oct 2015 07:25:41 -0700 (PDT) Date: Tue, 13 Oct 2015 16:25:41 +0200 Message-ID: From: Benjamin Cc: Bitcoin Dev Content-Type: multipart/alternative; boundary=001a1134b63a7564cc0521fd389a X-Spam-Status: No, score=0.4 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: [bitcoin-dev] Liquid X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Tue, 13 Oct 2015 14:25:42 -0000 --001a1134b63a7564cc0521fd389a Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable 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
Hello all,

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.
=C2=A0
=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

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.

=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 li= quidity=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

D= oes Blockstream have commercial products now?

&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. "

??? = so many questions and no answers.

Regards,
Benjamin
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