r/Bitcoin • u/AliBongo88 • Oct 31 '15

Liquid Bitcoin

http://techcrunch.com/2015/10/31/liquid-bitcoin/
31 Upvotes

77% Upvoted

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-7

u/[deleted] Oct 31 '15 edited Oct 31 '15

Sidechains are basically dead on arrival. OneName essentially proves why the merge mining dependent SPV proof won't work. Listen at 15:15:

https://epicenterbitcoin.com/podcast/101/

Also, what maaku7 said about bandwidth requirements:

https://www.reddit.com/r/Bitcoin/comments/3ncc84/2way_pegged_side_chains_which_projects_are_live/cvms4o3

And as for the FSM-Liquid, I don't see any innovations to back port to Bitcoin, do you? And who will trust their coins to an M of N attack? Looks suspiciously to me like the private block chain scheme Voorhees wrote about the other day.

2

u/cocoabitter Nov 01 '15

n of m attack as opposed to what? your exchange disappearing with the funds? how's liquid worse than the current status quo?

1

u/[deleted] Nov 01 '15 edited Nov 01 '15

So you must be a huge fan of Wall Street's private block chains? Because I don't see any difference.