Re:Lightning Network: Scalable, Instant Bitcoin/Blockchain T...
by tomtomtom777 on Thursday July 14, 2016 @08:43AM
(#12093224)
> trustlessly outsourcing the requirement
Unless I missed something, outsourcing watching the blockchain cannot be called trustless; they need to know what to watch. If your watcher collaborates with your LN-hub, you are doomed.
Here is my get-rich-quick-scheme:
* Setup a big LN hub.
* Setup a LN-watching service
Then for each peer connected to both, I filter those that:
* have a balance with <10% on my side
* have an earlier balance with >90% on my side
* haven't been seen for a week.
For those, I submit the tx of the earlier balance. Sometimes I'll lose a bit but mostly I will gain more.
Unless I missed something, outsourcing watching the blockchain cannot be called trustless; they need to know what to watch. If your watcher collaborates with your LN-hub, you are doomed.
Here is my get-rich-quick-scheme:
* Setup a big LN hub.
* Setup a LN-watching service
Then for each peer connected to both, I filter those that:
* have a balance with <10% on my side
* have an earlier balance with >90% on my side
* haven't been seen for a week.
For those, I submit the tx of the earlier balance. Sometimes I'll lose a bit but mostly I will gain more.
Profit.