➡️ “Why would CTV motivate people to pay for faster transactions more than any other normal transaction?”
It appears that it might be possible for CTV to create on-chain AMM-style marketplaces. On chain marketplaces create arbitrage opportunities which motivate people to pay for faster transactions:
https://www.coindesk.com/opinion/2024/07/09/mev-has-spread-to-bitcoin-in-subtler-forms-than-on-ethereum/
➡️ “CTV has been pretty well researched over the past 4 years since its inception.”
Please show me where the non-technical risks were discussed. I haven’t been able to find anything other than Peter identifying the risk of cheaper OOB payments.
➡️ “The key thing here, is you can't exit the contract if your counterparty is offline. So once the DLC options contract is created[…]”
It looks like you’re now referring to DLC contracts. We were previously discussing AMM style marketplaces.
You raised the issues of how the parties could be known. I suggested that a preregistration step might work.
You raised the issue whether the prices could be known. I suggested that perhaps specific UTXOs could represent points on the hyperbolic constant product curve (x * y = k) that’s used in AMM marketplaces.
You haven’t yet shown me why it’s impossible to create AMM style marketplaces using CTV.
techfeudalist /
npub1nz…0yxqu
2024-09-23 20:35:19
in reply to nevent1q…5w0x
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2024-09-23 20:35:19Event JSON
{
"id": "8cc59b3582259a5672efb6f2d21eaf15dc9fa3159a61cb3fc9a0c16e0b38c217",
"pubkey": "98a386c766ac9250f4ce1b500662fd08e4d464a1915743eedc83bd50521decac",
"created_at": 1727123719,
"kind": 1,
"tags": [
[
"e",
"a6abb26444d62656e63b8bf3070e98e8aa16db7c08487a22802eebc83139dc60",
"wss://relay.primal.net",
"root"
],
[
"e",
"e4c7edaf4e7ebfd31e99a15a422ca8c47785de35812a3e655a4a8be1fed6d549",
"",
"reply"
],
[
"p",
"727ce3ec620423c634ee807dead74a6c46b5ac4ecaf970ec52c6113d473b257f"
],
[
"r",
"https://www.coindesk.com/opinion/2024/07/09/mev-has-spread-to-bitcoin-in-subtler-forms-than-on-ethereum/"
]
],
"content": "➡️ “Why would CTV motivate people to pay for faster transactions more than any other normal transaction?”\n\nIt appears that it might be possible for CTV to create on-chain AMM-style marketplaces. On chain marketplaces create arbitrage opportunities which motivate people to pay for faster transactions:\n\nhttps://www.coindesk.com/opinion/2024/07/09/mev-has-spread-to-bitcoin-in-subtler-forms-than-on-ethereum/\n\n➡️ “CTV has been pretty well researched over the past 4 years since its inception.”\n\nPlease show me where the non-technical risks were discussed. I haven’t been able to find anything other than Peter identifying the risk of cheaper OOB payments. \n\n\n➡️ “The key thing here, is you can't exit the contract if your counterparty is offline. So once the DLC options contract is created[…]”\n\nIt looks like you’re now referring to DLC contracts. We were previously discussing AMM style marketplaces. \n\nYou raised the issues of how the parties could be known. I suggested that a preregistration step might work. \n\nYou raised the issue whether the prices could be known. I suggested that perhaps specific UTXOs could represent points on the hyperbolic constant product curve (x * y = k) that’s used in AMM marketplaces. \n\nYou haven’t yet shown me why it’s impossible to create AMM style marketplaces using CTV.",
"sig": "0c508a72141e73e3bd55050ff3da1ee0c02e73a57abe859332254e8e6047613a4b0fee604448d2fb28450fac573240c61bd7a3fb1de1dd088a6185a4db29755a"
}