Oddbean new post about | logout
 Moonsettler explains a clarification that I had misunderstood in how statechains work. 

Explained along with  @pkt's analysis on other soft fork proposals for covenants and #Bitcoin improvements.

https://i.nostr.build/1PDLomshhLJPUANt.png

I knew the collusion with the operator in a statechain was the major trust trade off, but wasn't sure the specifics regarding the unilateral exit. So the trust is simply that the operator is honest in not altering the order of the valid transactions by colluding with a previous person in the transaction history (which could also be themselves obviously)

https://fountain.fm/episode/ejj7Ll2L5L0ZmRuQj2ux 
 As a key representative of the World Elite Podcaster's Union I hereby apologize for what I have done to you. This specific detail being slightly incorrect during a general discussion of many L2 designs and trade offs is an offense I will have difficulty recovering from. I shall refrain from any conversation that may in the future give you reason to look down on the podcasters of the world. We will be getting the global committee together upon the new moon in order to right this great injustice. 🫡 

I have failed you all.

https://i.nostr.build/8LZZduVMhe7qbWOB.png