Replying to Avatar Vigtor

The main issue with the Hodl Contracts technology simply on its own is the need for a individual third party to acts as an Oracle and to decide on the betting event outcome.

Although this Lightning Routing Node cannot steal the funds that are being routed through it thanks to the Lightning Network's technology, they could hold the funds hostage for up to the invoice's expiration either by malfeasance or lack of connectivity or, in the wort outcome, they could settle the payment incorrectly either due to error or by being bribed by one of the participants somehow.

In order to mitigate the flaw of this trust model, Vigless will utilize the Fedimint protocol in order to band together several Lightning Network Nodes under a MultiSig technology.

Unlike a normal Fedimint “Federation", this federation will not actually issue any Ecash tokens but will only be used band together routing lightning nodes that watch over each in a programatic manner using open source code. Most importantly the ability to access and change a Arbitrator's Lightning Node operating code curtailed by the fact that all the nodes belonging to the same federation are able to validate each other's operation and keep each other in check. Therefore, the Arbitrator belonging to the same federation are assured to run act as honest nodes as well as a majority of guardians remain honest.

Any user of Vigless can become a participant of the Federation quorum simply by running a node and stating their interest in doing so, given more credibility to it’s trust model.

The federation will be periodically disbanded and reformed to integrate additional guardians over time. By virtue of having the Escrow Node functionality distributed amongst a large number of anonymous users and by the fact that the mint itself actually does not custody any funds but rather only temporarily holds and routes lightning payments, the possibility of collusion becomes very difficult and unpractical and most importantly, there is very little incentive for the guardians to do so.

You got a fork of this somewhere? Or just talking about it?

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