1. First select the type of crypto you would like a QR code for – for example Bitcoin. ’s wealth. Apparently this type of wealth distribution is the norm. So, we would have to introduce the ability for both sides to send the update fee message to change the fees of a commitment transaction. Bastien Teinturier: Because there’s only one other party can actually change the feerate of a commitment transaction and it’s the channel initiator. Bastien Teinturier: No, I don’t think so. If I had to point to ones which I think are attractive in terms of how they improve upon what Bitcoin has, those are the privacy coins, Monero, Zcash, they have a technical advantage which is that you want units of any money to be fungible, meaning that you could swap one for the other and the person taking them from you wouldn’t care. In 2009, when Bitcoin went live, ones and zeros were added to the list. So, there was an in-person meeting of some of the Lightning Network developers in New York, and Carla posted to the Lightning-Dev mailing list the summary of a bunch of the discussions that occurred.
There was a variety of topics that we highlighted from that list in the newsletter this week. As mentioned already, there are significant structural and technical differences between centralized and decentralized exchanges. I never had to deal with that with my LN-Symmetry work, and so I also did not implement mutual closings because of all the complications you mentioned. Greg Sanders: Sure. Yeah, so for the past year or so, I’ve been working on an implementation of what’s called Eltoo, which I picked the name LN-Symmetry. Greg Sanders: Yeah, I can speak to that a bit. Greg Sanders: Yeah, we’d be able to get rid of that message, the update fee that t-bast was talking about, which would be great. 466 significantly update and extend HWI’s documentation. So, since our goal is rather to go in the direction of removing update fee entirely and using zero-fee commitment transactions, we’re just not going to bother changing how the fee is paid before we get to that point. So, that would be enabling us to (a) have to have one that makes the force close bring the fees, and (b) to have zero fees on the commitment transactions themselves.
Mark Erhardt: Sorry, I wanted to make the call back here that the proposal with the v3 transactions and the ephemeral anchors, of course, is what allows commitment transactions themselves no longer to have any fees. Mark Erhardt: And joined the anti-pinning task force. Mark Erhardt: Right, because of course, we’re also going to get to that in the next block. I was looking through the notes and I don’t know if we want to get into the details of each one of these, 바이낸스 OTP; https://brilliantcollections.com/, but some things that stuck out to me from the notes were, “In what way does it not fit LN as it’s currently designed? Margin trading is a common leverage strategy utilized by experienced traders looking to increase their purchasing power rather than be restricted by their personal capital. And so, basically it’s looking at what parts would be worth it to get a first cut of updates to the LN spec, and so there’s some back and forth on that. And then there’s also a question about when do we jump? But the question is, when do you do a first cut, right? And so you really have to care that there are ways of paying fees and getting in blocks properly, which there really isn’t that well right now.
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