Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id DE53E892 for ; Sun, 9 Aug 2015 21:40:50 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-io0-f178.google.com (mail-io0-f178.google.com [209.85.223.178]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 4CBDDEA for ; Sun, 9 Aug 2015 21:40:50 +0000 (UTC) Received: by ioeg141 with SMTP id g141so153414038ioe.3 for ; Sun, 09 Aug 2015 14:40:49 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:date:message-id:subject:from:to :cc:content-type; bh=V4p513LE4jad6faf9uyAgwPytlSd7GI3SnJnfmnNieg=; b=kT5+VcXgX2VwMeNcPbI8edYF5N9cEg0aIzVyk+9xOrttq4DHsNpLIYITsjPmHNICqI VasGYXMdUYk+Y5TwfqphKLba02Xubu761OXgTEwpQztLvgI1/5V4Ht0zPS44PGMDVIny 7Fc5wAPin6k9Il7PDwBRQMcViqA7b8x5apRu5IQ6rkNKMFtlc/8sWZZ9Jlir6vYfcJeS Maugnxt0P5kUv5+HcDP7g3+d2zDpnUmazHTh1pt1RdM61GSRxtUYgtFlX8XoA8UYUIz0 HCNYen0Pz+iHyrhsRNFlUg81WGJSFipIfKkEaCesB2Tqbi3bG8KkmADlcN/2BInvVTt+ kJVg== MIME-Version: 1.0 X-Received: by 10.107.47.219 with SMTP id v88mr16541899iov.78.1439156449685; Sun, 09 Aug 2015 14:40:49 -0700 (PDT) Received: by 10.36.144.196 with HTTP; Sun, 9 Aug 2015 14:40:49 -0700 (PDT) Received: by 10.36.144.196 with HTTP; Sun, 9 Aug 2015 14:40:49 -0700 (PDT) In-Reply-To: References: <55C79FF0.8040100@thinlink.com> Date: Sun, 9 Aug 2015 17:40:49 -0400 Message-ID: From: Chris Pacia To: Tom Harding Content-Type: multipart/alternative; boundary=001a11c14e92f5ba02051ce7b818 X-Spam-Status: No, score=-0.3 required=5.0 tests=BAD_CREDIT,BAYES_00, DKIM_SIGNED,DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE, RCVD_IN_DNSWL_LOW autolearn=no version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] What Lightning Is X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sun, 09 Aug 2015 21:40:51 -0000 --001a11c14e92f5ba02051ce7b818 Content-Type: text/plain; charset=UTF-8 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" 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 > > --001a11c14e92f5ba02051ce7b818 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable

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 o= f it being technically feasible with having considered whether it is econom= ically feasible or desirable.

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?

On Aug 9, 2015 5:27 PM, "Tom Harding via bi= tcoin-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 t= he creation of the channel. There is no credit involved.

That's a chuckle.=C2=A0

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 o= n the amount of time it stays there.

I predict "all of the above." There is a name for = these kinds of fees.=C2=A0 Can you guess it?


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