ch01: fix link to Mike Hearn's Bitcointalk post

5 years ago · 579ce07c5c
parent c47152d803
commit 579ce07c5c
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@ -37,7 +37,7 @@ A key requirement for a second layer protocol such as Lightning (which will be d
 The `nSequence` field was intended to allow users to transmit updated versions of a transaction to the network, changing the outputs of a transaction, effectively creating a payment channel.
 Such a payment channel would then be valid as long as the transaction was not mined.

-According to a mailing list post in 2013, by early Bitcoin developer Mike Hearn, Satoshi Nakamoto envisioned this construct for high frequency trading.footnote:HearnBitcoinDev[Mike Hearn on Bitcoin-dev - April 16th 2013 - Anti DoS for tx replacement http://web.archive.org/web/20190501234757/https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-April/002433.html.]
+According to a mailing list post in 2013, by early Bitcoin developer Mike Hearn, Satoshi Nakamoto envisioned this construct for high frequency trading.footnote:HearnBitcoinDev[Mike Hearn on Bitcoin-dev - April 16th 2013 - Anti DoS for tx replacement http://web.archive.org/web/20190501234813/https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-April/002417.html.]

 However, there were some weaknesses in this initial formulation that limited its potential. Firstly, the payment channel would only be open until the transaction was mined in a block, either limiting the duration of the payment channel or handing control of the payment channel to the miners. Secondly, there was no economic incentive for miners to respect the `nSequence` number, reducing the utility of this mechanism.