Home (Feature Loop) › Forums › House of Numbers: Optimizing your Equipment › Basic Concept of Bitcoin Exchange
Tagged: 17
- This topic has 0 replies, 1 voice, and was last updated 1 year, 3 months ago by drewvalentine.
-
AuthorPosts
-
September 25, 2023 at 3:07 am #2388drewvalentineParticipant
<br> In fact, Bitcoin stakeholders are taking good care of their Bitcoin because they believe that Bitcoin prices will skyrocket soon. But then, if they’re not the one who initiated the closing, maybe they didn’t really want to close so they don’t have an incentive to – the incentives are a bit weird regarding how to set the fees. So, this is basically a channel that cannot be used any more, there’s nothing urgent to do on it apart from closing, so having even a few more round trips is just not at all an issue. Nothing is latency sensitive here, so this really isn’t an issue. But the issue is that since this is automated, actually in implementations, it’s already decided from the start what fee you’re going to accept and what fee you’re going to reject, so this negotiation was not actually very useful, and it created a lot of issues between those that couldn’t agree <br>e<br>
And please just give me a signature where you won’t pay anything and I’m going to pay that fee so that we can RBF the mutual cost transaction”, which is also a good improvement because before that, I don’t think we had any way to do RBF right now. So, if I’m the initiator and I want to close the channel, I’m going to say, “I’m closing that channel with that fee that is taken from my output. The first item that we have in the news list here is Simplified LN closing protocol. Binance in August 2022 catapulted the decentralized identity debate to social media platforms after moving to launch its first soulbound token, BAB, serving as users’ Know Your Customer credentials also know as KYC. In 2019 Q1, the company will sign agreements with all the operators and launch the first prototype of a global SIM-chip to be embedded into mobile devices. Here, the first two rows are where newly issued USDT and USDC go. Bastien Teinturier: Yeah, even though this creates also potential issues, because the commitment transaction right now, the fees are paid by the channel initiator. Greg Sanders: Yeah, well part<br>i<br>right.
Yeah, I don’t understand why the balance is not – well, I guess in the initial balance all of the balance is on the side of the opener and that’s why they have to pay the fees. I will pay that fee. Why is the fee for the commitment transaction paid by the opener of the channel? So, 바이낸스 2FA OTP (My Site) everyone should have a transaction they’re happy with now. A Bitcoin wallet is also used client-side for sending and receiving Bitcoins – e.g., if I have 10 BTC in my Bitcoin Wallet, no one else can access them without knowing my login information. Traders can customize their search of traders to copy by entering specific profile information. Traders must know that Bitcoin brokers who act as a third party mediator in between buyers and sellers can be trusted only when they are regulated. So now, it’s going to be a very simple version of RBF, where the incentive should be properly aligned because only one party is paying the fees and they are the one proposing that RBF. So, whenever you say that you want to mutual close your channel, the only one who is going to pay the fees for that is the party who initially opened that channel, so they don’t have an incentive, they really don’t wan<br> <br>rpay the fee.
So in the end, you have two transactions that are negotiated with just one request and response, one where the initiator is paying the fee, one where the non-initiator is paying the fee, and each of them chose the fee they are ready to pay. The goal is to just get to a point where the commitment transaction doesn’t pay any fee so that everything is simpler. So, we really need the protocol to be request response, where we can always have an opportunity to share nonces before we actually sign the transaction. And since this is request response as well, this makes it easy to share nonces for MuSig to taproot funding outputs. Binance’s spokesperson declined to share an organization chart, citing internal policy. Diego Zuluaga is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives, where he covers financial technology and consumer credit. Bastien Teinturier: Hi, I’m Bastian. I’m at Spiral and I do open-source stuff as well, focusing on mempool as well as some Lightning work. The current market value, as well as historical changes of the BTC price, is available on the live online price charts. The best idea is to have the bot move into the market position over time as there might be hundreds or thousands of people running the<br>e bot at the same time. -
AuthorPosts
- You must be logged in to reply to this topic.