--- Log opened Sat Sep 19 00:00:23 2020
04:24 -!- peter_ [~peter@185.114.3.24] has joined #lnp-bp
09:25 -!- paskaperse [~paskapers@2001:2003:f553:c100:31a3:a376:74c9:b5aa] has joined #lnp-bp
09:34 < paskaperse> hello, i had a bit hard time understanding how RGB works. the owner closes the seal by signing the asset with the receiver's key, and the receiver becomes the new owner (by first verifying the "owner chain" that the giver was the legitimate owner of the asset). have i understood correctly?
10:32 < dr-orlovsky> yes, if to put in few words, that would be a correct description
10:46 < paskaperse> thank you. took me quite many hours... but that made me think: how will the double-spending prevented? I mean, what prevents the owner to close the seal twice to different receivers?
12:03 < dr-orlovsky> you close a seal with spending bitcoin UTXO, you can't spend UTXO in bitcoin twice and this prevents double spending for RGB
12:12 < paskaperse> that's how i understood it as well. so the transfer is not fully confirmed until utxo has been spent onchain.
13:07 < dr-orlovsky> the fact of transfer is the fact of UTXO spending: RGB just simply follows bitcoin (the only difference with bitcoin is that information is not stored in blockchain)
13:15 < paskaperse> yes. to avoid going onchain, we need proofmarshals, yes?
13:17 < paskaperse> or did i understood something wrong
13:19 < paskaperse> sorry, i've been quite mixed up with peter todd's ideas and rgb
14:28 < paskaperse> now i understood the difference between todd's works and rgb, sorry for confusion. and thanks
14:28 -!- paskaperse [~paskapers@2001:2003:f553:c100:31a3:a376:74c9:b5aa] has quit [Read error: Connection reset by peer]
15:41 < dr-orlovsky> no probs. RGB works with any transaction graph, not only onchain. It's just a question whether you as an RGB owner consider transaction final/safe to account. Usual cases for his: mined or LN channel
15:41 < dr-orlovsky> Proofmarshal will work with RGB, but not required. RGB also works with Lightning network
--- Log closed Sun Sep 20 00:00:23 2020