From denis.d.gorbachev at gmail.com Thu Dec 24 09:16:24 2015 From: denis.d.gorbachev at gmail.com (Denis Gorbachev) Date: Thu, 24 Dec 2015 09:16:24 +0000 Subject: [Lightning-dev] Lightning hubs and pooled reserves Message-ID: Hi John, You've brought up a *very* important topic. If we could lower the capital requirement, we'd lower the barrier for people wishing to run a Lightning Network node. Here are some thoughts: - The trust-based system you're proposing looks like a fractional-reserve banking system. - Such fractional-reserve hubs will provide lower transaction fees (because of lower capital requirements) ? so the idea is worth pursuing. - I have the same feeling that it should be possible to design a proof-of-solvency. If we could design a proof-of-solvency, we could replace the existing fractional-reserve system. This is kind of a big deal. So let's connect on Skype (I'll send a personal email). Anybody wants to join the discussion? P.S. Your writing style is very accessible - keep it up. -- @DenGorbachev -- @DenGorbachev -------------- next part -------------- An HTML attachment was scrubbed... URL: