--- Day changed Sun Apr 10 2016 00:21 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #lightning-dev 00:23 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Client Quit] 00:27 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #lightning-dev 00:28 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Client Quit] 00:46 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-ndzzmprgwaxbalep] has joined #lightning-dev 00:59 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has quit [Remote host closed the connection] 01:03 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has joined #lightning-dev 01:50 -!- AaronvanW [~ewout@unaffiliated/aaronvanw] has quit [Ping timeout: 276 seconds] 02:05 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #lightning-dev 02:10 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Client Quit] 02:10 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #lightning-dev 02:10 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Client Quit] 02:35 -!- proslogion [~proslogio@2.222.73.74] has joined #lightning-dev 04:57 -!- belcher [~user@unaffiliated/belcher] has joined #lightning-dev 04:58 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has joined #lightning-dev 04:59 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has quit [Client Quit] 05:27 -!- proslogion [~proslogio@2.222.73.74] has quit [Remote host closed the connection] 06:47 < adlai> JackH: denominating channels in currency units other than the ones being used for settlement 06:49 < JackH> how would that look and relate to the currency used for settlement? 06:52 < adlai> any color you like, they're all voluntary. in other words, channel participants must agree ahead of time on the "index" (formula/algorithm/source/pricefeed/etc), and the channel turns into some sort of adjustable option contract 07:14 < JackH> yes but how would you intertwine BTC and a fiat on a channel? 07:14 < JackH> if we assume that the fiat for whatever reason had channel connectivity 07:20 < JackH> because the holy grail of channels beside unlimited transactions is that we can interface easier with legacy systems and allow them to interface easier with a settlement layer 07:21 < JackH> but there is yet to be a formulated concept on how this will look 07:30 < adlai> as the alchemists knew: boil down bullshit long enough, and you're left with the philosopher's stone. 07:53 < JackH> they did indeed know that 07:55 < JackH> there is no probably no good answer other than: to interface with BTC, get BTC 10:35 -!- ghtdak [~ghtdak@unaffiliated/ghtdak] has quit [Ping timeout: 244 seconds] 10:37 -!- ghtdak [~ghtdak@unaffiliated/ghtdak] has joined #lightning-dev 10:53 -!- [b__b] [~b__b]@ec2-54-85-45-223.compute-1.amazonaws.com] has quit [Remote host closed the connection] 10:54 -!- [b__b] [~b__b]@ec2-54-85-45-223.compute-1.amazonaws.com] has joined #lightning-dev 11:39 -!- molz [~molly@unaffiliated/molly] has joined #lightning-dev 11:40 -!- Monthrect is now known as Piper-Off 11:41 -!- moli [~molly@unaffiliated/molly] has quit [Ping timeout: 244 seconds] 12:11 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 12:21 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Quit: johnwhitton] 12:25 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 12:26 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Client Quit] 13:27 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 13:29 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Client Quit] 13:30 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 13:34 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Client Quit] 13:37 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 13:37 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Client Quit] 13:46 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has joined #lightning-dev 13:47 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has quit [Client Quit] 14:52 -!- go1111111 [~go1111111@189.167.89.64] has joined #lightning-dev 15:26 -!- adlai [~adlai@unaffiliated/adlai] has quit [Ping timeout: 276 seconds] 15:36 -!- go1111111 [~go1111111@189.167.89.64] has quit [Ping timeout: 268 seconds] 15:56 -!- adlai [~adlai@unaffiliated/adlai] has joined #lightning-dev 17:01 < adlai> JackH: the purpose is not interfacing with legacy networks, it's hedging BTC exposure, or gambling 17:46 -!- btcdrak [uid115429@gateway/web/irccloud.com/x-cszbqlnojkzumpdu] has quit [Quit: Connection closed for inactivity] 18:06 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #lightning-dev 18:16 -!- belcher [~user@unaffiliated/belcher] has quit [Quit: Leaving] 18:52 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 19:10 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has quit [Quit: johnwhitton] 19:24 -!- johnwhitton [~johnwhitt@c-71-202-223-50.hsd1.ca.comcast.net] has joined #lightning-dev 19:41 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-ndzzmprgwaxbalep] has quit [Quit: Connection closed for inactivity] 20:05 -!- PaulCape_ [~PaulCapes@204.28.124.82] has quit [Quit: .] 20:08 -!- PaulCapestany [~PaulCapes@204.28.124.82] has joined #lightning-dev 20:11 -!- btcdrak [uid115429@gateway/web/irccloud.com/x-ndzxvdlrbwfpugkp] has joined #lightning-dev 22:01 -!- adlai [~adlai@unaffiliated/adlai] has quit [Ping timeout: 260 seconds] 23:26 -!- btcdrak [uid115429@gateway/web/irccloud.com/x-ndzxvdlrbwfpugkp] has quit [Quit: Connection closed for inactivity] 23:53 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-xbbczlbabvpvxnsh] has joined #lightning-dev 23:55 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has joined #lightning-dev 23:56 -!- cjcj_ [82ebca3a@gateway/web/freenode/ip.130.235.202.58] has joined #lightning-dev 23:58 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has quit [Client Quit] 23:58 -!- laurentmt [~Thunderbi@128-79-141-196.hfc.dyn.abo.bbox.fr] has joined #lightning-dev