reply on: Are Atomic Swaps Still Experimental? \ stacker news ~tech

21 sats \ 5 replies \ @Murch 7 Jan \ parent \ on: Are Atomic Swaps Still Experimental? tech

I’m not sure what you mean that they only work in one direction. If Alice has some Monero, Bob has some Bitcoin, and they do an atomic swap, wouldn’t Alice have some Bitcoin and Bob have some Monero after that? So, whenever there is a swap, it’s in one direction for one participant, and the other direction for the other?

42 sats \ 1 reply \ @okpj 7 Jan

I made an error in my initial breakdown so deleted.

Here is a link describing why swaps are only one way currently.

Basically, in its current state, you can’t “buy” bitcoin with XMR. You must “sell” XMR for bitcoin, and the actual on-chain swap has to be initiated by the Bitcoin/buy side. The difference may seem trivial (Bob and Alice each exchange their funds in the end) but it’s an important distinction.

0 sats \ 0 replies \ @Murch 7 Jan

Ah thanks for clarifying. Now it makes sense to me how it could be only "one-way"

21 sats \ 1 reply \ @SwearyDoctor 7 Jan

exactly. if it's only in one direction at the end user level... whose monero are they getting? Is it a nominal atomic swap that actually uses a centralized wallet?

0 sats \ 0 replies \ @okpj 7 Jan

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0 sats \ 0 replies \ @okpj 7 Jan

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