From rusty at rustcorp.com.au  Tue Jun 23 10:41:09 2015
From: rusty at rustcorp.com.au (Rusty Russell)
Date: Tue, 23 Jun 2015 20:11:09 +0930
Subject: [Lightning-dev] Routing and explicit trust
In-Reply-To: <CAOoPuRYXQLF-QwFRQjBjnjMWDrWftB1CNu92aBGwa90_NYj2qw@mail.gmail.com>
References: <CAOoPuRYXQLF-QwFRQjBjnjMWDrWftB1CNu92aBGwa90_NYj2qw@mail.gmail.com>
Message-ID: <87si9iso56.fsf@rustcorp.com.au>

Benjamin <benjamin.l.cordes at gmail.com> writes:
> Hello,
>
> I find the paper very interesting. There is quite a few things I don't
> understand. In the the paper there are the terms "channel
> counterparty" and "clearinghouse".

Hi!  Note the list move...

I described it a while ago in my blog series, culminating here:

        http://rusty.ozlabs.org/?p=477

> What is exactly the risk to this counterparty and why would it be
> trustless to route through that party?

They can delay the payment until it times out, or force you to flush to
the blockchain (and wait for the timeout).

> How would users of the network find and select those intermediaries?

That's an open question, and one I'm about to start a conversation on
with CJP (author of Amiko pay) on the new list.

Thanks!
Rusty.