First off-chain bi-directional Ethereum mainnet wallet | Hacker News Reader

First off-chain bi-directional Ethereum mainnet wallet

wallet.liquidity.network

27 pointsrami-khalil12 comments

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."

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!

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

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.

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

Please comment on the content of the whitepaper rather than the proficiency of the English used to write it.

I did. The whitepaper offers no details on how this is decentralized. Please answer my questions rather that attempting to bicker.

"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.

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.

Please refer to our technical paper, NOCUST https://liquidity.network/NOCUST_Liquidity_Network_Paper.pdf

Our wallet is here but is not yet able to support a token sale!

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

Please don't do this here.

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