reply on: CoinPool Whitepaper - Shared UTXOs \ stacker news ~bitcoin

Summary

We propose CoinPool, a covenant-based payment pool construction, which takes the idea of sharing UTXO ownership to the next level.
In CoinPool, Bitcoin users lock funds in many accounts within a single UTXO to instantly transact across the pool without much on-chain footprint...or use their accounts inside the pool for advanced protocols (e.g. payment channels), possible even connect to other CoinPools to the Lightning Network.
CoinPool users can withdraw their funds from the pool at anytime.
Once a user withdraws from the pool, the remaining participants can either continue withdrawing non-cooperatively or return to off-chain pool operations.
CoinPool introduces an alternative set of trade-offs: users get increased funds velocity and use Bitcoin throughput more efficiently, at the cost of high interactivity required by pool participants.
e.g. A CoinPool instance can represent a corporation, with stakeholders having different balances and voting rights to implement corporate governance and distribute dividends. A special balance could be used as a corporate account and controlled by the majority of the participants.
CoinPool requires modifications to the Bitcoin protocol.
Similar to CoinPool, mixers provide confidentiality against an outside, but not against an in-protocol spy. "Confidentiality boost "is a secondary feature for CoinPool.

isnt entering,exiting, and changing pools under the same hinderance as channel opening/closing with LN? am i fundamentally misunderstanding it

might be an improvement over lightning if it can scale more efficient with more users per covenant. Just an uneducated guess.