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Minor changes #25

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Jan 22, 2019
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Minor changes #25

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a9c25b7
Fix wrong asset order in description of option problem
LLFourn Jan 22, 2019
7f536d7
Make Exercise Option description clearer
LLFourn Jan 22, 2019
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4 changes: 2 additions & 2 deletions RFC-003-SWAP-basic.md
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Expand Up @@ -206,11 +206,11 @@ This protocol offers an application the following functionality:

- **Up for Sale**: Alice puts an asset **A** up for sale until `alpha_expiry`.
- **Give Option**: Bob can give Alice an *option* to exchange **A** for his asset **B** until `beta_expiry`
- **Exercise Option**: Alice may exercise her option until `beta_expiry` and receive **B** in exchange for **A**.
- **Exercise Option**: Alice may exercise her option and receive **B** in exchange for **A** until `beta_expiry`.

It is important to note that Bob gives Alice an option not an *offer*.
He cannot cancel this option; it simply exists until `beta_expiry`.
If **A** declines in value relative to **B** after Bob has deployed β-HTLC Alice may abort the protocol to her own advantage.
If **B** declines in value relative to **A** after Bob has deployed β-HTLC Alice may abort the protocol to her own advantage.
Applications where this behaviour is undesirable should either not use this protocol or mitigate the issue within the application in some way.


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