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From: Hector Chu <hectorchu@gmail.com>
Date: Sun, 9 Aug 2015 23:30:08 +0100
Message-ID: <CAAO2FKEfaXrSPzVG7fWNSiqZY-00ABm4oeX50syCwNtXny3STg@mail.gmail.com>
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--089e0158b5e68c73a3051ce86a6a
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Sorry about that Patrick. Gmail hides previous messages including sender
names. Regardless, no worries.
On 9 August 2015 at 23:27, Patrick Strateman via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> 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> 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
>>
>>
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
--089e0158b5e68c73a3051ce86a6a
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">Sorry about that Patrick. Gmail hides previous messages in=
cluding sender names. Regardless, no worries.</div><div class=3D"gmail_extr=
a"><br><div class=3D"gmail_quote">On 9 August 2015 at 23:27, Patrick Strate=
man via bitcoin-dev <span dir=3D"ltr"><<a href=3D"mailto:bitcoin-dev@lis=
ts.linuxfoundation.org" target=3D"_blank">bitcoin-dev@lists.linuxfoundation=
.org</a>></span> wrote:<br><blockquote class=3D"gmail_quote" style=3D"ma=
rgin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
=20
=20
=20
<div bgcolor=3D"#FFFFFF" text=3D"#000000">
That was not in reply to you.<div><div class=3D"h5"><br>
<br>
<div>On 08/09/2015 03:09 PM, Hector Chu
wrote:<br>
</div>
<blockquote type=3D"cite">
<div dir=3D"ltr">Right, you've stated a bunch of facts, but how d=
oes
it answer my concerns of the exploding cost of the network the
more interconnected 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>
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;bord=
er-left:1px #ccc solid;padding-left:1ex">
<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 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><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>
<p dir=3D"ltr">On Aug 9, 2015 11:54 AM, "Mark
Friedenbach" <<a href=3D"mailto:mark@friedenb=
ach.org" target=3D"_blank">mark@friedenbach.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 name for these kinds of fees.=C2=A0 Can you guess i=
t?<br>
</p>
<br>
<fieldset></fieldset>
<br>
</div>
</div>
<span>
<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" target=
=3D"_blank">bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/b=
itcoin-dev" rel=3D"noreferrer" target=3D"_blank">https://lists.linuxfoundat=
ion.org/mailman/listinfo/bitcoin-dev</a><br>
<br>
</blockquote>
</div>
<br>
</div>
</blockquote>
<br>
</div></div></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>
--089e0158b5e68c73a3051ce86a6a--
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