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From: Hector Chu <hectorchu@gmail.com>
Date: Sun, 9 Aug 2015 23:09:39 +0100
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--089e0158b8e4389035051ce8219c
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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> 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> 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 listbitcoin-dev@lists.linuxfoundation.orghttps://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
--089e0158b8e4389035051ce8219c
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"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 interconn=
ected it it?</div><div class=3D"gmail_extra"><br><div class=3D"gmail_quote"=
>On 9 August 2015 at 23:06, Patrick Strateman via bitcoin-dev <span dir=3D"=
ltr"><<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D=
"_blank">bitcoin-dev@lists.linuxfoundation.org</a>></span> wrote:<br><bl=
ockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #=
ccc solid;padding-left:1ex">
=20
=20
=20
<div bgcolor=3D"#FFFFFF" text=3D"#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 channel=
s
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=3D"h5"><br>
<br>
<div>On 08/09/2015 02:27 PM, Tom Harding via
bitcoin-dev wrote:<br>
</div>
</div></div><blockquote type=3D"cite"><div><div class=3D"h5">
<p dir=3D"ltr">On Aug 9, 2015 11:54 AM, "Mark Friedenbach" =
<<a href=3D"mailto:mark@friedenbach.org" target=3D"_blank">mark@friedenb=
ach.org</a>>
wrote:</p>
<p dir=3D"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=3D"ltr">That'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'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=3D"ltr">I predict "all of the above." There is a nam=
e for
these kinds of fees.=C2=A0 Can you guess it?<br>
</p>
<br>
<fieldset></fieldset>
<br>
</div></div><span class=3D""><pre>___________________________________=
____________
bitcoin-dev mailing list
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank">=
bitcoin-dev@lists.linuxfoundation.org</a>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
target=3D"_blank">https://lists.linuxfoundation.org/mailman/listinfo/bitcoi=
n-dev</a>
</pre>
</span></blockquote>
<br>
</div>
<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><br></div>
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