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Add "Stable channels" to the "Stabilizing bitcoin value" page #1076

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GBKS opened this issue Feb 20, 2024 · 5 comments
Open

Add "Stable channels" to the "Stabilizing bitcoin value" page #1076

GBKS opened this issue Feb 20, 2024 · 5 comments
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@GBKS
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GBKS commented Feb 20, 2024

This was brought up during late review on the page. See this post for details.

I have not looked into it super deeply, but seems like this mechanisms uses a dedicated lightning channel to stabilize bitcoin value to another currency for one channel partner, where the other partner takes the opposite bet. That general mechanisms is explained on the page already, so this is a different way of implementing it.

@sawaja
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sawaja commented Mar 4, 2024

This sounds really interesting. Can we discuss? I think I can help.

@GBKS
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GBKS commented Mar 4, 2024

Awesome, glad you're interested, you're welcome to tackle this. We can chat here or in the bitcoin-design-guide channel in the Discord. Do you have any general or specific questions to kick things off?

@sawaja
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sawaja commented Mar 4, 2024 via email

@sbddesign
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I believe that stable channels are inherently very risky. IMHO, they are not fit for mention. If they are mentioned, then it would be wise to dive into the highly risk trade-offs that can harm the user.

@GBKS
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GBKS commented Jul 29, 2024

Have not read it yet, but this post by Nicolas Dorier dives into the topic.

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