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Re:Coinbase to Suspend Trading in XRP by gruez on Monday December 28, 2020 @11:49PM (#25566853)
That doesn't answer my initial question, how is blockstream supposed to monetize lightning, or anything for that matter?

>The claim, as far as understand it, is that Blockstream supported this plan, anticipating its failure, while working on its own replacement technology, Liquid.

I took a quick skim of blockstream's materials on liquid, and it sounds like it's something totally different to lightning? They describe it as some sort of ripple-like network for transacting in tokens? eg.

>Liquid uses an approach to consensus called Strong Federations. A Strong Federation removes the need for costly Proof of Work mechanisms and replaces it with the collective actions of a group of mutually distrusting participants called functionaries.

Re:Coinbase to Suspend Trading in XRP by FreeTrade on Tuesday December 29, 2020 @12:04AM (#25566920)
The claim is not that Blockstream intended to profit from Lightning. Rather they used the promise of Lightning to throttle Bitcoin, in order to profit from Liquid.
Re:Coinbase to Suspend Trading in XRP by kallewoof on Tuesday December 29, 2020 @01:48AM (#25567407)
Nonsense. Liquid is directly dependent on Bitcoin's success.

And as has been stated before, Blockstream employees got a chunk of their pay check in bitcoin. Do you really think they'd try to "throttle" their own livelihood?

Re:Coinbase to Suspend Trading in XRP by gruez on Tuesday December 29, 2020 @10:54AM (#25570948)
Okay, how are they profiting from liquid? Moreover, what's liquid's "moat"? What's stopping me from copying liquid's software (seems to be open source) and making a clone that charges 0% fees?