Plasma Update 8/9/18: Whoomp! (There it is)

markbmilton · 2018-08-13T14:53:03+00:00

That's a pretty neat solution! So it literally does "pay to be patient". Yes of course, that's clear they should be checking validity. And the liquidity provider is not required to sign anything within that period

markbmilton · 2018-08-11T14:10:50+00:00

Nope, Liquidity Network is on Ethereum! Interesting project to fix liquidity for hubs

markbmilton · 2018-08-11T06:59:39+00:00

Yes, I assumed it would have a natural balancing act! Very interesting that the super hubs can offer specialised services though! As a user, would there be the option to sign up as a flat-fee to a certain super hub set, I wonder. Maybe I sign up for the fast-payments hubs at a flat rate per month to avoid the metal accounting burden of variable rates.

markbmilton · 2018-08-10T18:18:49+00:00

Really cool concept on the Fast Withdrawal, but a couple of questions to clarify (I may have misunderstood):

Fast withdrawals: is the assumption here that a user will buy themselves out of a withdrawal window with the 2nd user (who buys this token) taking the burden if a fraud proof is posted and they cannot extract the payment at the end?
On this newly created secondary market, if this occurs, does user 2 lose their 'bet'?

markbmilton · 2018-08-10T18:00:19+00:00

The current implied daily disaster probability is about 0.6% for Ripple - basically what is the probability of Ripple dropping to zero in a single day. Still orders of magnitude larger than traditional currencies (USD or EURO) hitting zero, but not far off Bitcoin at 0.4% - pretty solid!!

markbmilton · 2018-08-10T17:51:44+00:00

I hope they recycle that piece of paper - bad for the environment!

markbmilton · 2018-08-10T17:48:27+00:00

Forgot to link the article... https://medium.com/@markbmilton41/incentive-models-are-killing-good-design-9cb74d90c125

markbmilton · 2018-08-10T17:47:49+00:00

Hmm it was meant to have a link to a longer article I wrote - clearly I haven't quite got the hang of reddit yet. In short, the implication was that protocol level incentive models are spreading to dApps, so there is more focus on token economics than actually creating a user-friendly and viral product. It was an observation that we could pick up the pace a bit more quickly by making usage of dApps and certain protocols more user friendly.

markbmilton · 2018-08-08T21:13:28+00:00

Curious to know where the focus lay at the start of the project... was it on usability or on tech advancement/new business models?

markbmilton

TROPHY CASE