On Fri, 18 Aug 2017 13:40:24 -0500
Steven Schear <schear.st...@gmail.com> wrote:
> On Fri, Aug 18, 2017 at 12:30 PM, juan <juan....@gmail.com> wrote:
>
> > On Fri, 18 Aug 2017 09:29:54 -0500
> > Steven Schear <schear.st...@gmail.com> wrote:
> >
> > > [Disclosure: I am a strong supporter of L1 (Blockchain scaling)
> > > occurring before any L2 (e.g., Segwit, Blockstream, Lightening
> > > Network, etc.) is attempted. And even then all L2 must be
> > > thoroughly examined not only for technical flaws but for possible
> > > misuses
> >
> >
> > misuses such as? And who is going to do the examination?
> >
>
> For example, Lightning Networks, due to the methods of "channel"
> controls, can enable fractional reserve of the blockchain assets.
As far as I know payment channels only allow you to use the
amount of btc you transferred to the channel.
OK, maybe it's possible to explicitly create a 'fractional'
system but that's not how the lightning network protocol is
supposed to operate.
>
> Members of the community with the technical chops do the exams.
> However, politics and self-interest being what they are I have little
> doubt the debates will be 'lively' and degenerate into the usual ad
> hominem as occurred in the lead up to the current fork.
I guess it's a matter of "wait and see". Oh, so BCH price has
doubled in a couple of days....but I don't think that means much
since a lot of what's going on in cryptocurrency 'markets' is
just gambling.
>
>
> >
> > ....
> >
> >
> > >
