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

Explained along with  nostr:npub1ej493cmun8y9h3082spg5uvt63jgtewneve526g7e2urca2afrxqm3ndrm'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