0 sats \ 0 replies \ @hynek 17 Oct \ on: Super Testnet's Overview & Thoughts on SuperScalar: a New L2 Proposal from Zman bitcoin
Thanks,
It sounds like combination of Ark and Channel Factories.. I need to have a look deeper
Trezor is transparent with these discoveries:
https://trezor.io/learn/a/past-security-issues
I've updated the proposal. See: https://github.com/hynek-jina/Hynek/blob/main/blog/Last%20mile%20transactions.md
I didn't want to go into technical details yet.. but imagine that the
defense
transaction looks similar to commitment
transaction in lightning.In our example there will be two outputs:
- 8 BTC for Alice - spendable without restrictions
- 0.5 BTC for Bob
- Alice can spend immediately if she has some secret from Bob (this way can Bob invalidate this transaction)
- Bob can spend after
CSV_delay
Difference in price could be caused by transaction costs.
Imagine being able to transfer for free via Wallet of Satoshi or costly permissionless…
I would probably cash out small portion of the stack. If it isn’t feasible then rather keep everything in real bitcoin.
Lightning doesn’t scale in terms of user count. It’s necessary for regular payments, but as of now there can’t be more than 20mil self-custody users.
(Assuming 1 transaction per month)
I'm trying to research this as well. These concepts are hard to understand.. but here is my current list:
- Ark
- RGB - Prime
- Utreexo
- Mercury
- Citrea
- Pathcoin
- State channels, Rollups, Drive-chains, other side chains (ie Rootstock or LayerTwo labs)
That X shit doesn't allow me to message you..
let's meet in the civilized world:
npub1lz8xv2dnyryrk4vswkcgf52vqqzruqwuyp53s7pvusx4fef9fh2s7hh86s
I believe that Lotes could serve your use case...
#307757
But I still don't like liquid.
Mainly because you cannot simply switch it into real bitcoin.. It's not for end users...
Juraj Bednar has published interesting article about this topic months ago:
https://juraj.bednar.io/en/blog-en/2023/05/07/expanding-the-lightning-network-to-serve-billions-a-quick-win-strategy/
I have translated for this purpose this leaflet into my native language:
https://bitcoinforlocalbusiness.com/
Cool idea 🚀


I would like to share similar experience. There is a club in Czechia (Bitclub) where you can pay with bitcoin of course. But when you pay in fiat the club owner writes this amount on a blackboard and next customer can withdraw that in bitcoin (1Â CZKÂ ~Â 120Â sats). If he rejects the amount is still increasing with every new fiat purchase until some nocoiner collects it.