đź“… Original date posted:2021-06-28
đź“ť Original message:Hi Greg,
You are right, the whole scenario is:
there is an issuer which own a UTXO
issuers get fiat money or goods or services from creditor in exchange of
a transaction.
the transactions are intended to circulate in Sabu protocol instead of
sending to Bitcoin network.
creditor can not sign the transaction at all. instead he can ask issuer
to change the balances (transaction outputs) and transfer some of his
money to other creditor...
here is complete paper to read it carefully:
https://raymo-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d180
Cheers
Raymo
On 2021-06-28 17:29, Tao Effect wrote:
> Hi ZmnSCPxj & Raymo,
>
>> On Jun 28, 2021, at 8:28 AM, ZmnSCPxj via bitcoin-dev
>> <bitcoin-dev at lists.linuxfoundation.org> wrote:
>>
>> Good morning Raymo,
>>
>>> Hi ZmnSCPxj,
>>
>>> […]
>> What prevents the creditor from signing a transaction that is
>> neither a valid MT nor a GT?
>>
>> Nothing.
>
> How would the creditor create such a transaction? They need the
> issuer’s private key, so they can’t create it? Am I
> misunderstanding the scenario you’re describing? If so could you
> give a more detailed description?
>
> Cheers,
> Greg
raymo at riseup.net [ARCHIVE] /
npub1ud…v4p33
2023-06-07 22:55:04
in reply to nevent1q…yw57
Author Public Key
npub1ud4hzyxp4mr66vj2phl4g7f5u3snl9mxfc09q482dzh6qqd5u9es9v4p33Seen on
wss://relay.nostr.bandPublished at
2023-06-07 22:55:04Event JSON
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"content": "📅 Original date posted:2021-06-28\n📝 Original message:Hi Greg,\nYou are right, the whole scenario is:\nthere is an issuer which own a UTXO\nissuers get fiat money or goods or services from creditor in exchange of\na transaction.\nthe transactions are intended to circulate in Sabu protocol instead of\nsending to Bitcoin network.\ncreditor can not sign the transaction at all. instead he can ask issuer\nto change the balances (transaction outputs) and transfer some of his\nmoney to other creditor...\nhere is complete paper to read it carefully:\nhttps://raymo-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d180\n\nCheers\nRaymo\n\n\nOn 2021-06-28 17:29, Tao Effect wrote:\n\u003e Hi ZmnSCPxj \u0026 Raymo,\n\u003e \n\u003e\u003e On Jun 28, 2021, at 8:28 AM, ZmnSCPxj via bitcoin-dev\n\u003e\u003e \u003cbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e\u003e\n\u003e\u003e Good morning Raymo,\n\u003e\u003e\n\u003e\u003e\u003e Hi ZmnSCPxj,\n\u003e\u003e\n\u003e\u003e\u003e […]\n\u003e\u003e What prevents the creditor from signing a transaction that is\n\u003e\u003e neither a valid MT nor a GT?\n\u003e\u003e\n\u003e\u003e Nothing.\n\u003e \n\u003e How would the creditor create such a transaction? They need the\n\u003e issuer’s private key, so they can’t create it? Am I\n\u003e misunderstanding the scenario you’re describing? If so could you\n\u003e give a more detailed description?\n\u003e \n\u003e Cheers,\n\u003e Greg",
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