On Mon, Jun 28, 2021 at 2:09 AM raymo via bitcoin-dev <[email protected]> wrote: > > 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.
Considering that you have not effectively addressed any of the inaccurate assumptions made regarding how mining works that I pointed out earlier I assume your proposal is not viable in practice. See: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2021-June/019091.html > > > All the benefits your scheme claims, are derived from the trust assumption > No, All the benefits my scheme claims, are derived from economically > rational decision of both issuer and creditors. > > Regards > Raymo > > > > On 2021-06-28 05:20, ZmnSCPxj wrote: > > Good morning Raymo, > > > >> > >> It looks you already missed the entire design of Sabu and its > >> restrictions. First of all, the Gazin wallet always controls the Sabu > >> restrictions for every transaction in order to consider it as a valid > >> transaction in a valid deal. That is, the creditor wallet controls the > >> MT and GT in first place. > > > > Stop right there. > > > > From the above, what I get is, "trust the Gazin wallet". > > Thus, the suggestion to just use Coinbase. > > At least it has existed longer and has more current users that trust > > it, rather than this Gazin thing. > > > > > > Is Gazin open-source? > > > > * If Gazin is open-source, I could download the source code, make a > > local copy that gives me a separate copy of the keys, and use the keys > > to sign any transaction I want. > > * If Gazin is not open-source, then why should I trust the Gazin > > wallet until my incoming funds to an open-source wallet I control have > > been confirmed deeply? > > > > Lightning is still superior because: > > > > * It can be open-sourced completely and even though I have keys to my > > onchain funds, I *still* cannot steal the funds of my counterparty. > > * Even if I connect my open-source node to a node with a closed-source > > implementation, I know I can rely on receives from that node without > > waiting for the transaction to be confirmed deeply. > > > > > > All the benefits your scheme claims, are derived from the trust > > assumption, which is uninteresting, we already have those, they are > > called custodial wallets. > > Lightning allows for non-custodiality while achieving high global TPS > > and low fees. > > And a central idea of Lightning is the requirement to use an n-of-n to > > form smaller sub-moneys from the global money. > > > > Regards, > > ZmnSCPxj > _______________________________________________ > bitcoin-dev mailing list > [email protected] > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev _______________________________________________ bitcoin-dev mailing list [email protected] https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
