Re: [bitcoin-dev] Liquid

2015-10-13 Thread Adam Back via bitcoin-dev
Benjamin you may want to read this reddit thread on liquid: https://www.reddit.com/r/Bitcoin/comments/3ok69l/blockstream_to_launch_first_sidechain_for_bitcoin/ and if you feel your questions are not answered, post them there? (This list is about bitcoin development so it's not really on topic fo

Re: [bitcoin-dev] Liquid

2015-10-13 Thread Daniel Newton via bitcoin-dev
>Again – what does Bitcoin have to do with “market liquidity” and “capital requirements”? You seem to be conflating bitcoin with blockstream/liquid. Your question does not make sense. >Does Blockstream have commercial products now? Yes. I am sure that was always their plan in order to stay a via

Re: [bitcoin-dev] Liquid

2015-10-13 Thread Tier Nolan via bitcoin-dev
It is interesting someone trying the sidechain approach. I guess having trusted third parties to manage the chain was not a short term thing? It looks like there is no POW for the Liquid sidechain. This is an area where the bitcoin could benefit by adding a way to transfer money to/from sidechai

Re: [bitcoin-dev] Liquid

2015-10-13 Thread Benjamin via bitcoin-dev
p.s. the links [1] https://blockstream.com/2015/10/12/introducing-liquid/ [2] www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/ On Tue, Oct 13, 2015 at 4:25 PM, Benjamin wrote: > Hello all, > > I was very surprised to learn that Blockstream will implement Sidechains > for exc

[bitcoin-dev] Liquid

2015-10-13 Thread Benjamin via bitcoin-dev
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 “announcement”? Just a few comments on this “proposal”. “This new construction establishes a security profile inherently sup