Return-Path: Received: from smtp1.osuosl.org (smtp1.osuosl.org [IPv6:2605:bc80:3010::138]) by lists.linuxfoundation.org (Postfix) with ESMTP id 76367C0012 for ; Wed, 22 Dec 2021 00:25:21 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp1.osuosl.org (Postfix) with ESMTP id 65501826C0 for ; Wed, 22 Dec 2021 00:25:21 +0000 (UTC) X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -4.197 X-Spam-Level: X-Spam-Status: No, score=-4.197 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_MED=-2.3, RCVD_IN_MSPIKE_H3=0.001, RCVD_IN_MSPIKE_WL=0.001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Received: from smtp1.osuosl.org ([127.0.0.1]) by localhost (smtp1.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id hekEYPfaXvIA for ; Wed, 22 Dec 2021 00:25:18 +0000 (UTC) X-Greylist: domain auto-whitelisted by SQLgrey-1.8.0 Received: from outgoing.mit.edu (outgoing-auth-1.mit.edu [18.9.28.11]) by smtp1.osuosl.org (Postfix) with ESMTPS id 9081482681 for ; Wed, 22 Dec 2021 00:25:18 +0000 (UTC) Received: from mail-lf1-f41.google.com (mail-lf1-f41.google.com [209.85.167.41]) (authenticated bits=0) (User authenticated as jlrubin@ATHENA.MIT.EDU) by outgoing.mit.edu (8.14.7/8.12.4) with ESMTP id 1BM0PFGU013741 (version=TLSv1/SSLv3 cipher=AES128-GCM-SHA256 bits=128 verify=NOT) for ; Tue, 21 Dec 2021 19:25:16 -0500 Received: by mail-lf1-f41.google.com with SMTP id o12so1503974lfk.1 for ; Tue, 21 Dec 2021 16:25:16 -0800 (PST) X-Gm-Message-State: AOAM530jIWvhI//LZ1SQ0vBybmW2pUA13PJUSdREoTWorIPDrGYL/79B uLr5dJtc/jgyESoyZM0iBL3zSbaWO74shQ10vfc= X-Google-Smtp-Source: ABdhPJyPdX8Nk/tVBrL3xDJS7viDb4HJ6H4ZyEh5kojRFT76T6J/U2LQcuUpsl64BEzSgnhW97p0SwnQrJUJcACcH88= X-Received: by 2002:a19:f242:: with SMTP id d2mr575321lfk.516.1640132715152; Tue, 21 Dec 2021 16:25:15 -0800 (PST) MIME-Version: 1.0 From: Jeremy Date: Tue, 21 Dec 2021 16:25:04 -0800 X-Gmail-Original-Message-ID: Message-ID: To: Bitcoin development mailing list Content-Type: multipart/alternative; boundary="000000000000df0a1605d3b127a9" Subject: [bitcoin-dev] [Bitcoin Advent Calendar] POWSWAP: Oracle Free Bitcoin Hashrate Derivatives X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Wed, 22 Dec 2021 00:25:21 -0000 --000000000000df0a1605d3b127a9 Content-Type: text/plain; charset="UTF-8" Hi devs, Today's post details how to make fully trustless hashrate derivative contracts that can be embedded on-chain, inside of channels, options, or inside of DCFMPs. These contracts can be used today without CTV, but they obviously get better with CTV :) enjoy: https://rubin.io/bitcoin/2021/12/21/advent-24/ I have not done any work to analyze the profitability of these contracts or how you might price and risk them, or if a two sided market among miners actually exists. That's not really my expertise. But maybe someone can figure that out and let us all know :) cheers, Jeremy -- @JeremyRubin --000000000000df0a1605d3b127a9 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
Hi devs,

Today's post=C2=A0details how to make fully trustless hashra= te derivative contracts that can be embedded on-chain, inside of channels, = options, or inside of DCFMPs. These contracts can be used today without CTV= , but they obviously get better with CTV :)

enjoy:=C2=A0https://rubin.io/bitcoin/2021/12/21/advent-= 24/

I have not done any work to analyze the profitability of these co= ntracts or how you might price and risk them, or if a two sided=C2=A0market= among miners actually exists. That's not really my expertise.

But maybe = someone can figure that out and let us all know :)

cheers,

Jeremy
--000000000000df0a1605d3b127a9--