raymo at riseup.net [ARCHIVE] on Nostr: 📅 Original date posted:2021-06-28 📝 Original message:Hi Greg, You are right, ...

📅 Original date posted:2021-06-28
📝 Original message:Hi Greg,
You are right, the whole scenario is:
there is an issuer which own a UTXO
issuers get fiat money or goods or services from creditor in exchange of
a transaction.
the transactions are intended to circulate in Sabu protocol instead of
sending to Bitcoin network.
creditor can not sign the transaction at all. instead he can ask issuer
to change the balances (transaction outputs) and transfer some of his
money to other creditor...
here is complete paper to read it carefully:
https://raymo-49157.medium.com/time-to-boost-bitcoin-circulation-million-transactions-per-second-and-privacy-1eef8568d180

Cheers
Raymo


On 2021-06-28 17:29, Tao Effect wrote:
> Hi ZmnSCPxj & Raymo,
>
>> On Jun 28, 2021, at 8:28 AM, ZmnSCPxj via bitcoin-dev
>> <bitcoin-dev at lists.linuxfoundation.org> wrote:
>>
>> Good morning Raymo,
>>
>>> Hi ZmnSCPxj,
>>
>>> […]
>> What prevents the creditor from signing a transaction that is
>> neither a valid MT nor a GT?
>>
>> Nothing.
>
> How would the creditor create such a transaction? They need the
> issuer’s private key, so they can’t create it? Am I
> misunderstanding the scenario you’re describing? If so could you
> give a more detailed description?
>
> Cheers,
> Greg