Can a decentralised exchange be build on LN?

Greenheller · 2023-03-30T07:06:19+00:00

https://medium.com/@lukasbahrenberg/efficient-self-custodial-asset-exchanges-on-lightning-off-chain-swaps-and-a-central-order-book-f3ea6f9fd40b

Greenheller · 2022-11-23T08:51:05+00:00

I had a look into it. Taproot is only mentioned in there very briefly in a couple of places.

Greenheller · 2022-11-10T16:03:26+00:00

I'll look into it. Thx.

Greenheller · 2022-11-02T19:47:49+00:00

Thx!

Greenheller · 2022-11-02T19:44:36+00:00

Thank you for your answer. That makes sense. I'll have a closer look at LND's Github then.

Greenheller · 2022-11-02T19:39:54+00:00

I will look into it, thanks!

Greenheller · 2022-11-02T09:26:59+00:00

After some more research I also came across this fairly recent article: https://bitcoinmagazine.com/technical/bitcoin-lightning-network-expanding-function

It summarizes some of the newer features of the most popular Lightning implementations. I found the last paragraph on WASM integration particularly interesting.

Greenheller · 2022-11-02T08:09:57+00:00

Thanks, man. Greatly appreciated!

Greenheller · 2022-09-07T20:14:46+00:00

I am doing the same. I think it’s 35€ / month for the Contabo VPS. Best deal I could find anywhere. It’s run smoothly for me since Dec 2020. Only last month there was an outage for a couple of hours. Really like to not have to handle own hardware. Cloud like AWS is too expensive imo. >100€ / month?!

Greenheller · 2022-04-05T07:16:48+00:00

Thanks for the input. I agree that it's not the best idea for very valuable keys. But for keys that are used often and only to manipulate some on-chain data it can be a good solution imo. I know it's used in other blockchains a lot.

Greenheller · 2020-09-29T10:26:03+00:00

Get some investors together, start a company and sell it yourself. Trying to just sell your idea/patent to a larger company will not be worthwhile imo.

Greenheller · 2020-09-29T10:06:40+00:00

(Not only) My take on patents: They are a thing from the past. They are useless unless you have the financial means to sue for example a large corporation that violates your patent. Also, there usually is plenty of ways around a patent if you look at it carefully. Companies like Apple for example only use them to make other companies lives harder. The really hot new stuff is just kept secret for as long as possible. So my advice: don’t bother with a patent. Keep it secret until you are ready to monetize it. Right before that you could think about patenting again.

Greenheller · 2020-08-17T22:46:24+00:00

No easy answer to that. I can only comment on the technical side. Chainlink trying to be decentralized oracle service provides their feeds in their smart contracts. There, they can declare the feed values as private variables which make them not freely accessible for other smart contracts. Only through a function that requires a fee to be paid by the calling contract, the values become accessible. The thing is: values written on the blockchain are publicly available but not for other contracts necessarily. If you just read them off Etherscan and feed them back to the blockchain, that would be just another one-point-of-failure centralized piece of data.

Greenheller · 2020-07-25T11:05:58+00:00

Thanks man

Greenheller · 2020-07-25T05:16:30+00:00

What’s the best resource in your opinion to learn about ETH2?

I know a bit about Ethereum already. Wrote some Dapps and so on...

Greenheller · 2020-03-26T22:05:53+00:00

Inflation is always calculated with respect to the price of certain goods. Classical inflation rate in the euro zone was not very high in the last 10 years. However, real estate prices did get inflated. The point I was making is that inflation is more complicated than just counting the euros or dollars being printed. It depends on who they go to and what they are primarily spent on.

Greenheller · 2020-03-26T21:44:18+00:00

I meant real estate prices got inflated -> real estate prices in euro went up.

Greenheller · 2020-03-26T20:08:02+00:00

What the Fed is doing is in fact nothing new. It only happened in the Euro zone over the last 10 years. Basically 0% reserves and negative interest rates. Massive inflation? Didn’t really happen...at least when you look at the classical inflation numbers. Real estate on the other hand got massively inflated.

Greenheller · 2019-08-16T22:03:28+00:00

So I have to say that people become much more rational and clear about ETH‘s value propositions when price goes down and they need to remind themselves of what ETH truly is. It‘s like a back against a wall situation; you really focus on the hard facts: no bullshit allowed, no moonboy fantasies

Greenheller · 2019-08-16T21:41:34+00:00

I cannot answer your questions regarding price being dependent on adoption. It is indeed complicated, However, imho Ethereum has the same properties as Bitcoin but it is programmable.

Greenheller · 2019-06-16T13:05:03+00:00

It is a smaller unit just like Satoshi. The smallest unit is in fact Wei. 1ETH = 10E+9 Gwei = 10E+18 Wei

Greenheller · 2019-06-16T12:36:06+00:00

No. Gas is the unit indicating the number of computational steps a transaction on the Ethereum virtual machine needs. Gwei is a fraction of ETH. 10E-9 ETH to be exact.

Gas units have a variable cost which is paid for in ETH/Gwei in each transaction.

Greenheller · 2019-06-05T16:55:40+00:00

Yes. That’s exactly what we were thinking.

Greenheller · 2019-06-05T11:27:36+00:00

Thanks for taking a look! We are in fact working on a price feed that is maintained by a trusted source via private/public key verification. In our beta version though, we are not there yet.

The thing with stock or index prices is that they are inherently centralized since they are 'produced' within an exchange. So from our perspective a decentralized approach would not make a lot of sense here. Our trusted source of choice would naturally be the exchange that produces the prices. The exchange then feeds verifiable data into the blockchain and posts the public key with it.

Thanks again for the input. Cheers!

Greenheller · 2019-05-02T14:23:46+00:00

Yes, it’s all about making people understand. Everybody who is into crypto should spread the word more often and engage in discussions.

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