From: Benjamin <benjamin.l.cordes@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Liquid
Date: Tue, 13 Oct 2015 16:27:18 +0200 [thread overview]
Message-ID: <CAOoPuRZ3Riu+KWXCS7no6ySzOh4ndQ203C0FCdmp1sebLC3B_g@mail.gmail.com> (raw)
In-Reply-To: <CAOoPuRasL-fmQJMfmF-JVyogdMy0EVKfhUAmT44DxQq--XCdKQ@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 1965 bytes --]
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 <benjamin.l.cordes@gmail•com>
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
>
[-- Attachment #2: Type: text/html, Size: 2668 bytes --]
next prev parent reply other threads:[~2015-10-13 14:27 UTC|newest]
Thread overview: 5+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-10-13 14:25 Benjamin
2015-10-13 14:27 ` Benjamin [this message]
2015-10-13 14:57 ` Tier Nolan
2015-10-13 19:37 ` Daniel Newton
2015-10-13 20:52 ` Adam Back
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=CAOoPuRZ3Riu+KWXCS7no6ySzOh4ndQ203C0FCdmp1sebLC3B_g@mail.gmail.com \
--to=benjamin.l.cordes@gmail$(echo .)com \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox