From decker.christian at gmail.com  Mon Dec 11 10:59:41 2017
From: decker.christian at gmail.com (Christian Decker)
Date: Mon, 11 Dec 2017 11:59:41 +0100
Subject: [Lightning-dev] LN public marketplaces (exchanges)
In-Reply-To: <5A2C301F.5090402@mutluit.com>
References: <5A2C301F.5090402@mutluit.com>
Message-ID: <878te9v8bm.fsf@gmail.com>

Not sure I fully understand the use-case you are referring to. Is this
supposed to be a short-term loan to get a bill paid or is this supposed
to facilitate muli-hop payments? In the former case there is no support
for it yet, since all of the payments in LN are always fully backed by
Bitcoin. In the latter case, I don't see how that differs from the
multi-hop payments we already do.

Cheers,
Christian

"U.Mutlu" <um4711 at mutluit.com> writes:

> Hi,
>
> would LN allow the creation of marketplace(s) (ie. echanges)
> where users can offer to overtake quasi-instantly the
> payment obligation of someone else, for a little income
> from the transaction fees?
>
> Ie. then the regular network (bitcoin etc.) would optionally
> first look whether there is an intermediary available in the "orderbook"
> of the exchange that is willing to instantly overtake the payer's
> obligation, and if yes then this transaction would be dealt by LN...
>
> By this, the helping users (intermediary settlers, credit-givers)
> would have a little income stream by helping with their own funds,
> and w/o risking their funds.
>
> I think many users would like such an idea for a small income,
> and many such exchanges would open. They would announce their
> service on the underlying network(s).
>
> If such an exhange goes down then it shall have
> no negative consequences for the participants.
>
> Can such an infrastructure be built on top of LN?
>
> Thx
>
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