đź“… Original date posted:2015-10-13
đź“ť Original message: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 at 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
>
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Benjamin [ARCHIVE] /
npub17k…sr5tq
2023-06-07 17:43:13
in reply to nevent1q…qaeh
Author Public Key
npub17kz55p7ysz4ftvq2xyr2zamc776cygwcm5fdz8ndj3jm5umm65xq4sr5tqPublished at
2023-06-07 17:43:13Event JSON
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"content": "📅 Original date posted:2015-10-13\n📝 Original message:p.s. the links\n\n[1] https://blockstream.com/2015/10/12/introducing-liquid/\n[2] www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/\n\nOn Tue, Oct 13, 2015 at 4:25 PM, Benjamin \u003cbenjamin.l.cordes at gmail.com\u003e\nwrote:\n\n\u003e Hello all,\n\u003e\n\u003e I was very surprised to learn that Blockstream will implement Sidechains\n\u003e for exchanges [1], [2] and has been working on this privately. Can somebody\n\u003e explain this “announcement”? Just a few comments on this “proposal”.\n\u003e\n\u003e “This new construction establishes a security profile inherently superior\n\u003e to existing methods of rapid transfer and settlement, and is directly\n\u003e applicable to other problems within existing financial institutions.”\n\u003e\n\u003e First of all, what does Bitcoin have to do with existing financial\n\u003e institutions? Secondly, what in do you mean by “rapid transfer” and\n\u003e \"settlement\"? Bitcoin is anonymous, digital cash. There is no such thing as\n\u003e settlement, there is only the transfer of digital cash and that's it\n\u003e (settlement is a bad word for this kind of transfer of property). If you\n\u003e make up new terms define them accurately and don't play the\n\u003e crypto-buzzword-bingo game.\n\u003e\n\u003e “This, in addition to increasing the security of funds normally subject to\n\u003e explicit counterparty risk, fosters conditions that increase market\n\u003e liquidity and reduce capital requirements for on-blockchain business\n\u003e models.”\n\u003e\n\u003e Again – what does Bitcoin have to do with “market liquidity” and “capital\n\u003e requirements”?\n\u003e\n\u003e “Blockstream's innovative solutions are definitely a game changer for the\n\u003e Bitcoin industry.”\n\u003e\n\u003e Does Blockstream have commercial products now?\n\u003e\n\u003e \"These initial launch partners include Bitfinex, BTCC, Kraken, Unocoin,\n\u003e and Xapo, and discussions are underway with another dozen major\n\u003e institutional traders and licensed exchanges. \"\n\u003e\n\u003e ??? so many questions and no answers.\n\u003e\n\u003e Regards,\n\u003e Benjamin\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20151013/a90a85cc/attachment.html\u003e",
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