Re: [bitcoin-dev] Liquid

From: Adam Back <adam@cypherspace•org>
To: Daniel Newton <djpnewton@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Liquid
Date: Tue, 13 Oct 2015 22:52:39 +0200	[thread overview]
Message-ID: <CALqxMTH+2BCLHaGjZN_1SP0rEk=jtQDNiTLmJKZKLiYJxa6-EQ@mail.gmail.com> (raw)
In-Reply-To: <CAOUBo+9D7LQ-S6Rown_sbxxb9366cQj0c0HcU72B=4sBmmS0rg@mail.gmail.com>

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 for here).

Adam

On 13 October 2015 at 21:37, Daniel Newton via bitcoin-dev
<bitcoin-dev@lists•linuxfoundation.org> wrote:
>>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 viable
> commercial entity
>
> On Wed, Oct 14, 2015 at 3:25 AM, Benjamin via bitcoin-dev
> <bitcoin-dev@lists•linuxfoundation.org> wrote:
>>
>> 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 superior
>> to existing methods of rapid transfer and settlement, and is directly
>> applicable to other problems within existing financial institutions.”
>>
>> First of all, what does Bitcoin have to do with existing financial
>> institutions? Secondly, what in do you mean by “rapid transfer” and
>> "settlement"? Bitcoin is anonymous, digital cash. There is no such thing as
>> settlement, there is only the transfer of digital cash and that's it
>> (settlement is a bad word for this kind of transfer of property). If you
>> make up new terms define them accurately and don't play the
>> crypto-buzzword-bingo game.
>>
>> “This, in addition to increasing the security of funds normally subject to
>> explicit counterparty risk, fosters conditions that increase market
>> liquidity and reduce capital requirements for on-blockchain business
>> models.”
>>
>> Again – what does Bitcoin have to do with “market liquidity” and “capital
>> requirements”?
>>
>> “Blockstream's innovative solutions are definitely a game changer for the
>> Bitcoin industry.”
>>
>> Does Blockstream have commercial products now?
>>
>> "These initial launch partners include Bitfinex, BTCC, Kraken, Unocoin,
>> and Xapo, and discussions are underway with another dozen major
>> institutional traders and licensed exchanges. "
>>
>> ??? so many questions and no answers.
>>
>> Regards,
>> Benjamin
>>
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>
>
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