Wow! It's going to take me a while to digest all this! Thank you for posting this!
More things I now know I didn't know...
"Everything you wanted to know about minting and settlement but were afraid to ask..." Amazon best seller? Also available on chain in unlimited audio book format...
Could Bob and Alice sell on their currently open channel.
A large payment channel could change enough value over time, which would incentivise arbitrage.
What would regulators say about making it blind - they would ask for access to trace.
Why must offchain construction eventually settle? Is it feasible for a channel to remain open indefinitely, making the reserve moot? This might emerge as desirable by its users (like the possibility with Lightning)
Is the whole idea analogous to central bank money(paper and metal cash) where the cash only goes back to the Treasury(the ledger) for checking once it has 'worn out' (that is, n has been exhausted)?
Not trying to discount the tech, just trying to understand consequences.
I'm not trying to discredit your work. I'm saying find a way to deliver it, which does not draw insurmountable resistance from the people and the state they elect. Weakness cannot defeat Power.
Rise above power, by making it worthy for them.
I'm expecting state actors to steal your work to rescue their currencies soon. Get in early and do a lucrative deal.
Wow! It's going to take me a while to digest all this! Thank you for posting this!
More things I now know I didn't know...
"Everything you wanted to know about minting and settlement but were afraid to ask..." Amazon best seller? Also available on chain in unlimited audio book format...
Could payment channels be traded on a market?
Could Bob and Alice sell on their currently open channel.
A large payment channel could change enough value over time, which would incentivise arbitrage.
What would regulators say about making it blind - they would ask for access to trace.
Why must offchain construction eventually settle? Is it feasible for a channel to remain open indefinitely, making the reserve moot? This might emerge as desirable by its users (like the possibility with Lightning)
Is the whole idea analogous to central bank money(paper and metal cash) where the cash only goes back to the Treasury(the ledger) for checking once it has 'worn out' (that is, n has been exhausted)?
Not trying to discount the tech, just trying to understand consequences.
Yes, but trading 0.00001 USD? Really?
I'm not trying to discredit your work. I'm saying find a way to deliver it, which does not draw insurmountable resistance from the people and the state they elect. Weakness cannot defeat Power.
Rise above power, by making it worthy for them.
I'm expecting state actors to steal your work to rescue their currencies soon. Get in early and do a lucrative deal.
A million of them at a time? Ten bucks each. Then multiples of them, say for web access or VoD. Not saying it's a bad thing.
I more interested in what would happen if people realised they never had to settle. Like leasing channels.