Re: [bitcoin-dev] Boost Bitcoin circulation, Million Transactions Per Second with stronger privacy

[ZmnSCPxj <ZmnSCPxj@protonmail.com>]

Good morning Raymo,

> Hi ZmnSCPxj,
>
> Why you get the signal “trust the Gazin wallet”?
> Sabu is a protocol and the Gazin wallet will be an implementation of
> that protocol. We will implement it in react-native language to support
> both Android and iPhone. Of course it will be open source and GPL3.
> Here is the repository and yet is empty :)
> https://github.com/raymaot/Gazin
>
> I wonder why you do not look carefully into the proposal! IMHO the Sabu
> will be far better than Lightning.
> Can’t you see the fact that in Sabu you do not need open and close
> channels ever? Can you imagine only this feature how dramatically
> decrease the transactions cost and how increase the distribution of
> nodes and improve privacy level? it makes every mobile wallet act like a
> lightning network.
> Did you note the fact that in Sabu protocol there is no routing? And the
> only people knew about a transaction are issuer and creditor? No one
> else won’t be aware of transactions and million transactions per second
> can be sent and received and repeal dynamically without any footprint on
> any DLT?
>
> The English is not my mother language and probably my paper is not a
> smooth and easy to read paper, but these are not good excuse to not even
> reading a technical paper carefully and before understanding it or at
> least trying to understanding it start to complaining.


What prevents the creditor from signing a transaction that is neither a valid MT nor a GT?

Nothing.

In Lightning, sure one side can sign a transaction that is not a valid commitment transaction, but good luck getting the other side to *also* sign the transaction; it will not.
Thus, you need n-of-n.

1-of-1 is simply not secure, full stop, you need to redesign the whole thing to use *at least* 2-of-2.
At which point you will have reinvented Lightning.

Otherwise, you are simply trusting that the wallet is implemented correctly, and in particular, that any creditor will not simply insert code in your open-source software to sign invalid transactions.

With a 1-of-1, any invalid-in-Sabu transaction can still be valid in the Bitcoin blockchain layer, thus the scheme is simply insecure.

Features are meaningless without this kind of basic trust-minimization security.

Regards,
ZmnSCPxj