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Federated Chaumian Mints on Lightning (Scaling Bitcoin To 10 Billion People) - Bitcoin Spaces Live

Bitcoin Magazine
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2.7K views 3 years ago Bitcoin Spaces
In this episode of Bitcoin Spaces Live, host P (@phjlljp) is joined by some Lightning network experts (Eric, Casey, and Odell) to discuss Federated Chamian Mints on the lightning network and how they could help scale Bitcoin to the whole world. 0:00 Introducing Eric, Casey, and Odell’s work and the concept of chamian mints. 5:15 What is means to have a federated chamian mint system. Defining the challenges these systems aim to resolve. 14:28 What is a blind signature and how is it used? 19:17 How and why did the original eCash project (DigiCash) end? 24:29 Clarifying the distinction between blind signatures and chamian mints. 24:46 Why would the current banking system want federated chamian mints? 27:16 Tangible benefits of chamian mints along with some downsides to consider. 29:48 Defining what a federated chamian mint is. 31:30 How do you get from a chamian mint to a federated chamian mint and how does the Lightning network integrate wi …...more
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Introducing Eric, Casey, and Odell’s work and the concept of chamian mints.

0:00

What is means to have a federated chamian mint system. Defining the challenges these systems aim to resolve.

5:15

What is a blind signature and how is it used?

14:28

How and why did the original eCash project (DigiCash) end?

19:17

Clarifying the distinction between blind signatures and chamian mints.

24:29

Why would the current banking system want federated chamian mints?

24:46

Tangible benefits of chamian mints along with some downsides to consider.

27:16

Defining what a federated chamian mint is.

29:48

How do you get from a chamian mint to a federated chamian mint and how does the Lightning network integrate with it?

31:30

How can people get involved in Eric’s work? What should they know?

37:47

When will the pressure to adopt federated chamian mints start?

42:53

How does all of this relate to CoinJoins?

46:25

Is there anticipated negative attention coming for federated chamian mints? How long before they become a regulation target?

49:41

Exploring the community of banking and where mini mints fit in.

56:23

Would it be better to build into the protocol ways to eject members and vote in new ones?

57:05

Shinobi joins! Plus, how to use federated chamian mints to enforce complex smart contracts.

59:10

The problem with centralized domain names.

1:03:24

Scaling pressures Lightning is going to face.

1:07:09

Incentivizing the members of the federation: Has requiring time-locked fidelity bonds for members been considered?

1:13:18

Closing remarks and how listeners can get involved with Bitcoin and open source projects.

1:17:48
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Federated Chaumian Mints on Lightning (Scaling Bitcoin To 10 Billion People) - Bitcoin Spaces Live
107Likes
2,779Views
2021Dec 1
In this episode of Bitcoin Spaces Live, host P (@phjlljp) is joined by some Lightning network experts (Eric, Casey, and Odell) to discuss Federated Chamian Mints on the lightning network and how they could help scale Bitcoin to the whole world. 0:00 Introducing Eric, Casey, and Odell’s work and the concept of chamian mints. 5:15 What is means to have a federated chamian mint system. Defining the challenges these systems aim to resolve. 14:28 What is a blind signature and how is it used? 19:17 How and why did the original eCash project (DigiCash) end? 24:29 Clarifying the distinction between blind signatures and chamian mints. 24:46 Why would the current banking system want federated chamian mints? 27:16 Tangible benefits of chamian mints along with some downsides to consider. 29:48 Defining what a federated chamian mint is. 31:30 How do you get from a chamian mint to a federated chamian mint and how does the Lightning network integrate with it? 37:47 How can people get involved in Eric’s work? What should they know? 42:53 When will the pressure to adopt federated chamian mints start? 46:25 How does all of this relate to CoinJoins? 49:41 Is there anticipated negative attention coming for federated chamian mints? How long before they become a regulation target? 56:23 Exploring the community of banking and where mini mints fit in. 57:05 Would it be better to build into the protocol ways to eject members and vote in new ones? 59:10 Shinobi joins! Plus, how to use federated chamian mints to enforce complex smart contracts. 1:03:24The problem with centralized domain names. 1:07:09 Scaling pressures Lightning is going to face. 1:13:18 Incentivizing the members of the federation: Has requiring time-locked fidelity bonds for members been considered? 1:17:48 Closing remarks and how listeners can get involved with Bitcoin and open source projects. Bitcoin Magazine is back in print! Get Bitcoin Magazine shipped directly to your front door! Get 21% off with promo code: YTMAG https://store.bitcoinmagazine.com/pro... "The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox! Check it out for free here! https://deepdivebtc.substack.com/welcome Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022 Get 15% off tickets with promo code: YTMAG https://b.tc/conference/
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