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Add "Stable channels" to the "Stabilizing bitcoin value" page #1076
Description
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.
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sawaja commentedon Mar 4, 2024
This sounds really interesting. Can we discuss? I think I can help.
GBKS commentedon 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 commentedon Mar 4, 2024
sbddesign commentedon May 27, 2024
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 commentedon Jul 29, 2024
Have not read it yet, but this post by Nicolas Dorier dives into the topic.