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I am very looking forward to SegWit and the Lightning Network and if it makes sense (probably will) to make a sidechain for BitQuest servers we'll try to implem

by phaser 10y ago

I am very looking forward to SegWit and the Lightning Network and if it makes sense (probably will) to make a sidechain for BitQuest servers we'll try to implement that. In the meantime, we only process a limited amount of transactions per user per second so we don't spam the Blockchain

martindale 10y ago
Eric Martindale here with Blockstream! Let us know if you need any help setting up a sidechain for this. It makes a lot of sense for your use-case.
- kordless 10y ago
  Minecraft's database, and the elements worth value inside of it, are not based on a blockchain. This makes the entire server's economy as secure as the underlying code around exchanging items of value, mob kills, etc. Proposing they use a sidechain solves no problems for their use-case, as far as I can tell. Given sidechains are already fairly complicated to understand[1], I'm not sure I get why suggesting their use without showing the use-case here makes a lot of sense for building Blockstream's business model. I guess that's the difference between promoting a company and contributing in a conversation. [1] https://blockstream.com/sidechains.pdf https://blockstream.com/sidechains.pdf
  - martindale 10y ago
    Take, for example, the Asset Issuance Element [1]. Not only could the currency become a tradable asset, but individual items and mobs in shops could be tracked as digital assets as well. There is much opportunity for expansion with a sidechain implementation here. [1]: https://www.elementsproject.org/elements/asset-issuance/ https://www.elementsproject.org/elements/asset-issuance/
    - kordless 10y ago
      Well, I'm intrigued. Thanks for the information.
- phaser 10y ago
  Hi Eric! You can reach me at bitquest@bitquest.co. We do want to start experimenting with a sidechain
eterm 10y ago
Why not just have the server handle all it's transactions in a database which can be handled without involving bitcoin or blockchains at all? Then only deposit or withdrawl of coins will "spam" the blockchain.
- throwaway7767 10y ago
  Yeah, it seems silly to create a sidechain for what is essentially a centralised balance book system. Since the server can run off with the money anyway, there is complete trust there. Blockchains are cool because they solve the problem of a global ledger without centralised trust. If the problem you're solving does not require the lack of centralised trust, it's just a really complicated and resource-heavy way to implement a balance database.
- phaser 10y ago
  Sidechains can be an open, standard way to have a transaction database, instead of us (and every other developer) with different solutions to this problem. It's also worth mentioning a sidechain or payment channels can be "flushed" to the Bitcoin Blockchain (syncing up the balances of off-chain debits and credits) and this is not a trivial operation. If there is a community effort to a robust solution to this problem that other virtual worlds can also implement and inter-operate, makes total sense for us to test it and support it.

by phaser 10y ago

martindale 10y ago

Eric Martindale here with Blockstream! Let us know if you need any help setting up a sidechain for this. It makes a lot of sense for your use-case.

kordless 10y ago
Minecraft's database, and the elements worth value inside of it, are not based on a blockchain. This makes the entire server's economy as secure as the underlying code around exchanging items of value, mob kills, etc. Proposing they use a sidechain solves no problems for their use-case, as far as I can tell. Given sidechains are already fairly complicated to understand[1], I'm not sure I get why suggesting their use without showing the use-case here makes a lot of sense for building Blockstream's business model. I guess that's the difference between promoting a company and contributing in a conversation. [1] https://blockstream.com/sidechains.pdf https://blockstream.com/sidechains.pdf
- martindale 10y ago
  Take, for example, the Asset Issuance Element [1]. Not only could the currency become a tradable asset, but individual items and mobs in shops could be tracked as digital assets as well. There is much opportunity for expansion with a sidechain implementation here. [1]: https://www.elementsproject.org/elements/asset-issuance/ https://www.elementsproject.org/elements/asset-issuance/
  - kordless 10y ago
    Well, I'm intrigued. Thanks for the information.
phaser 10y ago
Hi Eric! You can reach me at bitquest@bitquest.co. We do want to start experimenting with a sidechain

eterm 10y ago

Why not just have the server handle all it's transactions in a database which can be handled without involving bitcoin or blockchains at all? Then only deposit or withdrawl of coins will "spam" the blockchain.

throwaway7767 10y ago
Yeah, it seems silly to create a sidechain for what is essentially a centralised balance book system. Since the server can run off with the money anyway, there is complete trust there. Blockchains are cool because they solve the problem of a global ledger without centralised trust. If the problem you're solving does not require the lack of centralised trust, it's just a really complicated and resource-heavy way to implement a balance database.
phaser 10y ago
Sidechains can be an open, standard way to have a transaction database, instead of us (and every other developer) with different solutions to this problem. It's also worth mentioning a sidechain or payment channels can be "flushed" to the Bitcoin Blockchain (syncing up the balances of off-chain debits and credits) and this is not a trivial operation. If there is a community effort to a robust solution to this problem that other virtual worlds can also implement and inter-operate, makes total sense for us to test it and support it.