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Author Topic: [Lightning Networks] side chain settlement solutions  (Read 309 times)
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BitcoinNational
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December 31, 2015, 04:06:04 AM
 #1

RE: What are the side chain settlement solutions?
private vs. public

Blockstream = Lightning Network 'private' side chains for the BTC big boys.

LoLz
It works until one of the partners screws up on settlement. Grin

But already there are operating ALTs that can function as 'Lightning' forms of settlement and clearing houses just unwind/trade back to bitcoin positions as they please (in 45min-12hr windows) .... you know at bitcoin confirmation speed.

XRP is designed to do this. But seems to have forgotten.
DASH could do it.
STELLAR is better designed to do this.
BTS, NXT, XCP, PeerGroup, and XEM can create 'pegged' assets to do this.
NuShare and Omni already have 'pegs' that appear to work.

A wide array of ALTs can collectively serve to do this ... all in the open public market arena.


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December 31, 2015, 04:07:45 AM
 #2

Why don't they?

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BitcoinNational
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December 31, 2015, 04:28:07 AM
 #3

Well seems there's been lots of smoke blown in to the digital universe.  
Private Side Chains are raising $millions in VC monies, is the why.

Public side chains are already clear and present.  So correct ... "Why don't they?"

CW still wants to 'discover' and get in on the 'next bitcoin'.
Rather than look for sidechain (cough ALTs with fast block speeds) as a means to transmit BTC like lightning quick.

That means (basically) one giant global order book, where a 'cartel' of popular btc exchanges via 'side'chains (cuz can't omit that ALTs could do it) weave all the markets into one real time eXchange ... and can settle up (at least mostly) in under 60 seconds with ALTs and unwind that 'agreement/contract' as soon as bitcoin can be sent.

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December 31, 2015, 11:38:42 AM
 #4


BTS, NXT, XCP, PeerGroup, and XEM can create 'pegged' assets to do this....

A wide array of ALTs can collectively serve to do this ... all in the open public market arena.

Why don't they?

Nxt has 'em: superBTC, for one. Asset ID 12659653638116877017 .

The trouble, as with all pegged assets, lies in the spread. Not enough market-makers/liquidity --> too big a spread. Too much slippage, if you will.

As for which comes first, the liquidity or the market-making, I found out that you need the liquidity before the market-making. Suffice it to say, I found this one out the hard way. Undecided






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