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Date: Sun, 9 Aug 2015 17:40:49 -0400
Message-ID: <CAB+qUq7Zz=a=TZXVZ3s3d5BR+fME0eGWVPXaneg79Ch4fVpgcQ@mail.gmail.com>
From: Chris Pacia <ctpacia@gmail.com>
To: Tom Harding <tomh@thinlink.com>
Content-Type: multipart/alternative; boundary=001a11c14e92f5ba02051ce7b818
Cc: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] What Lightning Is
Precedence: list

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I'm glad Tom is bringing these points up. There seems to be an assumption
by many that LN will be automatically awesome by virtue of it being
technically feasible with having considered whether it is economically
feasible or desirable.

So much stock has been placed in LN as the solution to the block size
debate, yet it could turn out that it sucks in practice. Then what?
On Aug 9, 2015 5:27 PM, "Tom Harding via bitcoin-dev" <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> On Aug 9, 2015 11:54 AM, "Mark Friedenbach" <mark@friedenbach.org> wrote:
>
> > On the contrary the funds were advanced by the hub on the creation of
> the channel. There is no credit involved.
>
> That's a chuckle.
>
> As I said, nothing requires the hub to advance anything, and if it does,
> Bob can expect to pay for it.
>
> We'll see whether hubs assess a fee for depositing funds, whether the fee
> depends on the amount deposited, and whether it depends on the amount of
> time it stays there.
>
> I predict "all of the above." There is a name for these kinds of fees.
> Can you guess it?
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>

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<p dir=3D"ltr">I&#39;m glad Tom is bringing these points up. There seems to=
 be an assumption by many that LN will be automatically awesome by virtue o=
f it being technically feasible with having considered whether it is econom=
ically feasible or desirable. </p>
<p dir=3D"ltr">So much stock has been placed in LN as the solution to the b=
lock size debate, yet it could turn out that it sucks in practice. Then wha=
t?</p>
<div class=3D"gmail_quote">On Aug 9, 2015 5:27 PM, &quot;Tom Harding via bi=
tcoin-dev&quot; &lt;<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org=
">bitcoin-dev@lists.linuxfoundation.org</a>&gt; wrote:<br type=3D"attributi=
on"><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-lef=
t:1px #ccc solid;padding-left:1ex"><p dir=3D"ltr">On Aug 9, 2015 11:54 AM, =
&quot;Mark Friedenbach&quot; &lt;<a href=3D"mailto:mark@friedenbach.org" ta=
rget=3D"_blank">mark@friedenbach.org</a>&gt; wrote:</p>
<p dir=3D"ltr">&gt; On the contrary the funds were advanced by the hub on t=
he creation of the channel. There is no credit involved.<br></p>
<p dir=3D"ltr">That&#39;s a chuckle.=C2=A0 </p>
<p dir=3D"ltr">As I said, nothing requires the hub to advance anything, and=
 if it does, Bob can expect to pay for it.</p>
<p dir=3D"ltr">We&#39;ll see whether hubs assess a fee for depositing funds=
, whether the fee depends on the amount deposited, and whether it depends o=
n the amount of time it stays there.</p>
<p dir=3D"ltr">I predict &quot;all of the above.&quot; There is a name for =
these kinds of fees.=C2=A0 Can you guess it?<br></p>
<br>_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoin-dev@lists.=
linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundation.org/mail=
man/listinfo/bitcoin-dev</a><br>
<br></blockquote></div>

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