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From: Patrick Strateman <patrick.strateman@gmail.com>
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That was not in reply to you.
On 08/09/2015 03:09 PM, Hector Chu wrote:
> Right, you've stated a bunch of facts, but how does it answer my
> concerns of the exploding cost of the network the more interconnected
> it it?
>
> On 9 August 2015 at 23:06, Patrick Strateman via bitcoin-dev
> <bitcoin-dev@lists.linuxfoundation.org
> <mailto:bitcoin-dev@lists.linuxfoundation.org>> wrote:
>
> I suspect there is some amount of confusion here on terms.
>
> The hub is essentially swapping funds between payment channels.
>
> The hub's entire business is centered around having payment
> channels open with other hubs/users.
>
> If the hub requires user funds to open these channels... then the
> users have no reason to pay the hub anything in fees.
>
> A hub that doesn't use it's own funds to open payment channels to
> other hubs/merchants is useless.
>
>
> On 08/09/2015 02:27 PM, Tom Harding via bitcoin-dev wrote:
>>
>> On Aug 9, 2015 11:54 AM, "Mark Friedenbach" <mark@friedenbach.org
>> <mailto: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 <mailto:bitcoin-dev@lists.linuxfoundation.org>
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
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> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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That was not in reply to you.<br>
<br>
<div class="moz-cite-prefix">On 08/09/2015 03:09 PM, Hector Chu
wrote:<br>
</div>
<blockquote
cite="mid:CAAO2FKFBC46rFe7FV+F_H0gPiVfY8S7g09O2RNxMoZMCwywp6A@mail.gmail.com"
type="cite">
<div dir="ltr">Right, you've stated a bunch of facts, but how does
it answer my concerns of the exploding cost of the network the
more interconnected it it?</div>
<div class="gmail_extra"><br>
<div class="gmail_quote">On 9 August 2015 at 23:06, Patrick
Strateman via bitcoin-dev <span dir="ltr"><<a
moz-do-not-send="true"
href="mailto:bitcoin-dev@lists.linuxfoundation.org"
target="_blank">bitcoin-dev@lists.linuxfoundation.org</a>></span>
wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0
.8ex;border-left:1px #ccc solid;padding-left:1ex">
<div bgcolor="#FFFFFF" text="#000000"> I suspect there is
some amount of confusion here on terms.<br>
<br>
The hub is essentially swapping funds between payment
channels.<br>
<br>
The hub's entire business is centered around having
payment channels open with other hubs/users.<br>
<br>
If the hub requires user funds to open these channels...
then the users have no reason to pay the hub anything in
fees.<br>
<br>
A hub that doesn't use it's own funds to open payment
channels to other hubs/merchants is useless.
<div>
<div class="h5"><br>
<br>
<div>On 08/09/2015 02:27 PM, Tom Harding via
bitcoin-dev wrote:<br>
</div>
</div>
</div>
<blockquote type="cite">
<div>
<div class="h5">
<p dir="ltr">On Aug 9, 2015 11:54 AM, "Mark
Friedenbach" <<a moz-do-not-send="true"
href="mailto:mark@friedenbach.org"
target="_blank">mark@friedenbach.org</a>>
wrote:</p>
<p dir="ltr">> On the contrary the funds were
advanced by the hub on the creation of the
channel. There is no credit involved.<br>
</p>
<p dir="ltr">That's a chuckle. </p>
<p dir="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="ltr">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.</p>
<p dir="ltr">I predict "all of the above." There is
a name for these kinds of fees. Can you guess it?<br>
</p>
<br>
<fieldset></fieldset>
<br>
</div>
</div>
<span class="">
<pre>_______________________________________________
bitcoin-dev mailing list
<a moz-do-not-send="true" href="mailto:bitcoin-dev@lists.linuxfoundation.org" target="_blank">bitcoin-dev@lists.linuxfoundation.org</a>
<a moz-do-not-send="true" href="https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" target="_blank">https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev</a>
</pre>
</span></blockquote>
<br>
</div>
<br>
_______________________________________________<br>
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href="https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev"
rel="noreferrer" target="_blank">https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev</a><br>
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</blockquote>
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