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0 sats \ 1 reply \ @0207a984de OP 29 Dec 2023 \ parent \ on: Unidirectional blackholes make no sense on LN bitcoin
Sounds like IOUs which is basically fractional reserve banking and printing money out of thin air to make it work? Or would it be like a guaranteed one-to-one? Which sounds like Liquid Network in a way.
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360 sats \ 0 replies \ @jeff 29 Dec 2023 freebie
Debt is synonymous with IOU.
Debt is not synonymous with printing money out of thin air.
The 1:1 guarantee is an implementation detail. Could work either way, or a mix of guaranteed and not-guaranteed.
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