4 ms·

First off-chain bi-directional Ethereum mainnet wallet

27 points by rami-khalil 8y ago

rami-khalil 8y ago
Based on NOCUST N-Party Payment Hubs https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf
- rami-khalil 8y ago
  A bit more about the company behind this: LiquidChain was founded last year in Zurich. It's a licensed financial intermediary, and a member of the Financial Services Standards Association (VQF) in Switzerland. Its main focus is making cryptocurrency microtransactions a feasible reality.
shp0ngle 8y ago
oh I can be bi-directional, if you know what I mean
- dang 8y ago
  Please don't do this here.
deleted 8y ago
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deft 8y ago
Besides your shitty ESL whitepaper, can you actually explain HOW this is decentralized in the slightest? Also why doesn't your token sale use your product? You specifically call out airdrops in the whitepaper. Even if its a paid airdrop, the issues you mentioned remain
- saagarjha 8y ago
  Please comment on the content of the whitepaper rather than the proficiency of the English used to write it.
  - deft 8y ago
    I did. The whitepaper offers no details on how this is decentralized. Please answer my questions rather that attempting to bicker.
    - dang 8y ago
      "shitty ESL" is a slur against people who don't have the same background as you. That's a bannable offense on HN, so please don't do that again. It's easy to make substantive points about an article without stooping to insults, so please do that instead.
    - tonytran 8y ago
      Why the Liquidity.Network is not Centralized? How to define (de-)centralization: (1) Who owns the funds? (2) How redundant is a system? (3) Can a central entity censor? Regarding Liquidity we have the following properties: 1. A user owns at any time its funds (with the private key). Not the hub operator, or any other entity can “steal“ the users funds. A hub is not a bank nor a custodian. 2. Liquidity is designed such that many hubs can be interconnected in a network of hubs to provide redundancy, similar to a network of Lightning peers. 3. A hub can choose to not forward payments. If that were to happen, the user can simply remove his funds from the hub’s smart contract, which the hub operator cannot prevent. The user would then join another hub.
- rami-khalil 8y ago
  Please refer to our technical paper, NOCUST https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf Our wallet is here but is not yet able to support a token sale!
agorabinary 8y ago
Just read whitepaper. I'll check in on this project once there they open source the code so I can run my own payment channel hub. Until then it's a centralized system (and even then.. maybe still). "LiquidChain GmbH plans to operate several Liquidity.Network hubs on top of the Ethereum blockchain building the foundation for instant and cheap transmission of crypto. Anyone however will be able to operate a Liquidity.Network hub once the software is open sourced."
- rami-khalil 8y ago
  Wonderful, we have a whole lot in store for potential hub operators. You can email us at contact@liquidity.network if you're interested in any updates being sent to you directly!

27 points by rami-khalil 8y ago

Based on NOCUST N-Party Payment Hubs https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf

rami-khalil 8y ago
A bit more about the company behind this: LiquidChain was founded last year in Zurich. It's a licensed financial intermediary, and a member of the Financial Services Standards Association (VQF) in Switzerland. Its main focus is making cryptocurrency microtransactions a feasible reality.

shp0ngle 8y ago

oh I can be bi-directional, if you know what I mean

dang 8y ago
Please don't do this here.

deleted 8y ago

[deleted]

deleted 8y ago

[deleted]

deft 8y ago

Besides your shitty ESL whitepaper, can you actually explain HOW this is decentralized in the slightest? Also why doesn't your token sale use your product? You specifically call out airdrops in the whitepaper. Even if its a paid airdrop, the issues you mentioned remain

saagarjha 8y ago
Please comment on the content of the whitepaper rather than the proficiency of the English used to write it.
- deft 8y ago
  I did. The whitepaper offers no details on how this is decentralized. Please answer my questions rather that attempting to bicker.
  - dang 8y ago
    "shitty ESL" is a slur against people who don't have the same background as you. That's a bannable offense on HN, so please don't do that again. It's easy to make substantive points about an article without stooping to insults, so please do that instead.
  - tonytran 8y ago
    Why the Liquidity.Network is not Centralized? How to define (de-)centralization: (1) Who owns the funds? (2) How redundant is a system? (3) Can a central entity censor? Regarding Liquidity we have the following properties: 1. A user owns at any time its funds (with the private key). Not the hub operator, or any other entity can “steal“ the users funds. A hub is not a bank nor a custodian. 2. Liquidity is designed such that many hubs can be interconnected in a network of hubs to provide redundancy, similar to a network of Lightning peers. 3. A hub can choose to not forward payments. If that were to happen, the user can simply remove his funds from the hub’s smart contract, which the hub operator cannot prevent. The user would then join another hub.
rami-khalil 8y ago
Please refer to our technical paper, NOCUST https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf Our wallet is here but is not yet able to support a token sale!

agorabinary 8y ago

Just read whitepaper. I'll check in on this project once there they open source the code so I can run my own payment channel hub. Until then it's a centralized system (and even then.. maybe still). "LiquidChain GmbH plans to operate several Liquidity.Network hubs on top of the Ethereum blockchain building the foundation for instant and cheap transmission of crypto. Anyone however will be able to operate a Liquidity.Network hub once the software is open sourced."

rami-khalil 8y ago
Wonderful, we have a whole lot in store for potential hub operators. You can email us at contact@liquidity.network if you're interested in any updates being sent to you directly!