š
Original date posted:2015-08-07
š Original message:Then I would suggest working on payment channel networks. No decrease of
the interblock time will ever compete with the approximately instant time
it takes to validate a microchannel payment.
On Fri, Aug 7, 2015 at 4:08 PM, Sergio Demian Lerner <
sergio.d.lerner at gmail.com> wrote:
> In some rare occasions in everyday life, what matters is seconds. Like
> when paying for parking in the car while some other cars are behind you in
> the line. You don't want them to get upset.
>
> I takes me tens of minutes to shop. But once you choose your merchandise
> and your payment starts processing, if the payment system allows several
> payments to be pending simultaneously and you're not blocking the next
> person to pay, then I don't care waiting some minutes for confirmation. But
> saving 10 minutes of confirmation is a lot.
>
> I ague that our time is mostly measured in minutes (but I don't have any
> sociological, cultural, genetic or anthropological evidence). It takes
> minutes to read an e-mail, minutes to correct a bug, minutes to have lunch,
> minutes to drive to the office, minutes to talk to your kids. A payment
> taking 1 minute is much better than a payment taking 10. If I could choose
> a single thing to change to Bitcoin, I would lower the payment time, even
> within the minute scale.
>
> Sergio
>
>
>
> On Fri, Aug 7, 2015 at 7:46 PM, Natanael <natanael.l at gmail.com> wrote:
>
>> Den 7 aug 2015 23:37 skrev "Sergio Demian Lerner via bitcoin-dev" <
>> bitcoin-dev at lists.linuxfoundation.org>:
>> >
>> > Mark,
>> > It took you 3 minutes to respond to my e-mail. And I responded to you 4
>> minutes later. If you had responded to me in 10 minutes, I would be of out
>> the office and we wouldn't have this dialogue. So 5 minutes is a lot of
>> time.
>> >
>> > Obviously this is not a technical response to the technical issues you
>> argue. But "minutes" is a time scale we humans use to measure time very
>> often.
>>
>> But what's more likely to matter is seconds. What you need then is some
>> variant of multisignature notaries (Greenaddress.it, lightning network),
>> where the combination of economic incentives and legal liability gives you
>> the assurance of doublespend protection from the time of publication of the
>> transaction to the first block confirmation.
>>
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150807/62b890df/attachment.html>;
Mark Friedenbach [ARCHIVE] /
npub1r3ā¦48d0u
2023-06-07 17:34:18
in reply to nevent1qā¦l6h4
Author Public Key
npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0uPublished at
2023-06-07 17:34:18Event JSON
{
"id": "a5948a681ec78868845451a77a500a869c02673204d3967be3cca4e3825715ab",
"pubkey": "1c61d995949cbfaf14f767784e166bde865c7b8783d7aa3bf0a1d014b70c0069",
"created_at": 1686159258,
"kind": 1,
"tags": [
[
"e",
"52a88602ac5f737c8b6639822365c6e5e96826bad2b160a1ace70f3c7c11fab8",
"",
"root"
],
[
"e",
"e6567518b278552f9372cb4490d2942eee78b7ad2839e8f0220799d467051bd7",
"",
"reply"
],
[
"p",
"4b38603408f5be002091210e869a4ca86fc2aa1ffd0871036a0668068ee626ee"
]
],
"content": "š
Original date posted:2015-08-07\nš Original message:Then I would suggest working on payment channel networks. No decrease of\nthe interblock time will ever compete with the approximately instant time\nit takes to validate a microchannel payment.\n\nOn Fri, Aug 7, 2015 at 4:08 PM, Sergio Demian Lerner \u003c\nsergio.d.lerner at gmail.com\u003e wrote:\n\n\u003e In some rare occasions in everyday life, what matters is seconds. Like\n\u003e when paying for parking in the car while some other cars are behind you in\n\u003e the line. You don't want them to get upset.\n\u003e\n\u003e I takes me tens of minutes to shop. But once you choose your merchandise\n\u003e and your payment starts processing, if the payment system allows several\n\u003e payments to be pending simultaneously and you're not blocking the next\n\u003e person to pay, then I don't care waiting some minutes for confirmation. But\n\u003e saving 10 minutes of confirmation is a lot.\n\u003e\n\u003e I ague that our time is mostly measured in minutes (but I don't have any\n\u003e sociological, cultural, genetic or anthropological evidence). It takes\n\u003e minutes to read an e-mail, minutes to correct a bug, minutes to have lunch,\n\u003e minutes to drive to the office, minutes to talk to your kids. A payment\n\u003e taking 1 minute is much better than a payment taking 10. If I could choose\n\u003e a single thing to change to Bitcoin, I would lower the payment time, even\n\u003e within the minute scale.\n\u003e\n\u003e Sergio\n\u003e\n\u003e\n\u003e\n\u003e On Fri, Aug 7, 2015 at 7:46 PM, Natanael \u003cnatanael.l at gmail.com\u003e wrote:\n\u003e\n\u003e\u003e Den 7 aug 2015 23:37 skrev \"Sergio Demian Lerner via bitcoin-dev\" \u003c\n\u003e\u003e bitcoin-dev at lists.linuxfoundation.org\u003e:\n\u003e\u003e \u003e\n\u003e\u003e \u003e Mark,\n\u003e\u003e \u003e It took you 3 minutes to respond to my e-mail. And I responded to you 4\n\u003e\u003e minutes later. If you had responded to me in 10 minutes, I would be of out\n\u003e\u003e the office and we wouldn't have this dialogue. So 5 minutes is a lot of\n\u003e\u003e time.\n\u003e\u003e \u003e\n\u003e\u003e \u003e Obviously this is not a technical response to the technical issues you\n\u003e\u003e argue. But \"minutes\" is a time scale we humans use to measure time very\n\u003e\u003e often.\n\u003e\u003e\n\u003e\u003e But what's more likely to matter is seconds. What you need then is some\n\u003e\u003e variant of multisignature notaries (Greenaddress.it, lightning network),\n\u003e\u003e where the combination of economic incentives and legal liability gives you\n\u003e\u003e the assurance of doublespend protection from the time of publication of the\n\u003e\u003e transaction to the first block confirmation.\n\u003e\u003e\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150807/62b890df/attachment.html\u003e",
"sig": "b874e6f5fe95bf6a13a7867e7655a7c794a411066b887925c04e847c6c57be5cb59d00222b233f8176bf3ee41b17f49af5c44c1a8582ba27d7a9b32c56e0c3be"
}