From: Patrick Strateman <patrick.strateman@gmail.com>
To: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] What Lightning Is
Date: Sun, 09 Aug 2015 15:27:00 -0700 [thread overview]
Message-ID: <55C7D3B4.90004@gmail.com> (raw)
In-Reply-To: <CAAO2FKFBC46rFe7FV+F_H0gPiVfY8S7g09O2RNxMoZMCwywp6A@mail.gmail.com>
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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
> <mailto: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
>> <mailto: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 list
>> bitcoin-dev@lists.linuxfoundation.org <mailto:bitcoin-dev@lists.linuxfoundation.org>
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> <mailto:bitcoin-dev@lists.linuxfoundation.org>
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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next prev parent reply other threads:[~2015-08-09 22:27 UTC|newest]
Thread overview: 111+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-07-30 14:25 [bitcoin-dev] Block size following technological growth Pieter Wuille
2015-07-30 15:04 ` Greg Sanders
2015-07-30 15:12 ` Jorge Timón
2015-07-30 16:23 ` Jameson Lopp
2015-07-30 16:36 ` Bryan Bishop
2015-07-30 16:43 ` Jameson Lopp
2015-07-30 16:36 ` Venzen Khaosan
2015-07-30 17:51 ` Jorge Timón
2015-07-30 18:00 ` Jorge Timón
2015-07-30 16:56 ` Gary Mulder
2015-07-30 17:13 ` Mark Friedenbach
2015-07-30 16:20 ` Gavin Andresen
2015-07-30 16:41 ` Suhas Daftuar
2015-07-30 16:48 ` Adam Back
2015-07-30 16:49 ` Pieter Wuille
2015-07-31 10:16 ` Mike Hearn
2015-07-31 11:43 ` Venzen Khaosan
2015-07-31 11:51 ` Jorge Timón
2015-07-31 12:15 ` Mike Hearn
2015-07-31 13:07 ` Marcel Jamin
2015-07-31 14:33 ` Jorge Timón
2015-07-31 14:58 ` Mike Hearn
2015-07-31 15:28 ` Venzen Khaosan
2015-07-31 20:09 ` Elliot Olds
2015-08-04 10:35 ` Jorge Timón
2015-08-04 11:04 ` Hector Chu
2015-08-04 11:27 ` Pieter Wuille
2015-08-04 11:34 ` Hector Chu
2015-08-04 12:10 ` Venzen Khaosan
2015-08-04 13:13 ` Jorge Timón
2015-08-04 13:28 ` Hector Chu
2015-08-04 13:42 ` Venzen Khaosan
2015-08-04 17:59 ` Jorge Timón
2015-08-04 13:12 ` Gavin Andresen
2015-08-04 13:54 ` Pieter Wuille
2015-08-04 14:30 ` Venzen Khaosan
2015-08-04 14:43 ` [bitcoin-dev] Fwd: " Venzen Khaosan
2015-08-04 14:45 ` [bitcoin-dev] " Alex Morcos
2015-08-05 8:14 ` Gareth Williams
2015-08-04 11:59 ` Jorge Timón
2015-08-04 12:19 ` Hector Chu
2015-08-04 13:34 ` Venzen Khaosan
2015-08-04 13:37 ` Jorge Timón
2015-08-05 7:29 ` Elliot Olds
2015-08-06 1:26 ` Jorge Timón
2015-08-06 13:40 ` Gavin Andresen
2015-08-06 14:06 ` Pieter Wuille
2015-08-06 14:21 ` Gavin Andresen
2015-08-06 14:53 ` Pieter Wuille
[not found] ` <CABsx9T0B2bZrFHxYR_QNwBmxskQx31zt=QE5BJAYjcOo7wbo3A@mail.gmail.com>
2015-08-06 15:24 ` [bitcoin-dev] Fwd: " Gavin Andresen
2015-08-06 15:26 ` Pieter Wuille
2015-08-06 18:43 ` Michael Naber
2015-08-06 18:52 ` Pieter Wuille
2015-08-07 16:06 ` Thomas Zander
2015-08-07 16:30 ` Pieter Wuille
2015-08-07 17:00 ` Thomas Zander
2015-08-07 17:09 ` Pieter Wuille
2015-08-07 21:35 ` Thomas Zander
2015-08-07 22:53 ` Adam Back
2015-08-08 16:54 ` Dave Scotese
2015-08-07 17:50 ` Gavin Andresen
2015-08-07 18:05 ` Jameson Lopp
2015-08-07 18:10 ` Pieter Wuille
2015-08-07 21:43 ` Thomas Zander
2015-08-07 22:00 ` Thomas Zander
2015-08-06 16:19 ` [bitcoin-dev] " Tom Harding
2015-08-06 21:56 ` Peter Todd
2015-08-06 15:25 ` Jorge Timón
2015-08-06 16:03 ` Gavin Andresen
2015-08-06 16:11 ` Mike Hearn
2015-08-06 17:15 ` Jorge Timón
2015-08-06 19:42 ` Gavin Andresen
2015-08-06 20:01 ` Pieter Wuille
2015-08-06 21:51 ` Jorge Timón
2015-08-06 23:09 ` Elliot Olds
2015-08-10 19:28 ` Jorge Timón
2015-08-11 5:48 ` Elliot Olds
2015-08-09 18:46 ` [bitcoin-dev] What Lightning Is Tom Harding
2015-08-09 18:54 ` Mark Friedenbach
2015-08-09 20:14 ` Hector Chu
[not found] ` <CAOG=w-s9KsaPwveSpgdvsVTWUDV77YY7Em7NZGyxSQMMCccYSg@mail.gmail.com>
2015-08-09 20:48 ` Hector Chu
2015-08-10 4:48 ` Joseph Poon
2015-08-10 17:03 ` odinn
2015-08-10 17:14 ` Pieter Wuille
2015-08-10 17:45 ` odinn
2015-08-09 21:27 ` Tom Harding
2015-08-09 21:40 ` Chris Pacia
2015-08-09 21:45 ` Hector Chu
2015-08-09 21:57 ` Patrick Strateman
2015-08-09 22:03 ` Hector Chu
2015-08-09 22:36 ` Patrick Strateman
2015-08-10 1:52 ` Tom Harding
2015-08-10 3:31 ` Patrick Strateman
2015-08-09 22:06 ` Patrick Strateman
2015-08-09 22:09 ` Hector Chu
2015-08-09 22:27 ` Patrick Strateman [this message]
2015-08-09 22:30 ` Hector Chu
2015-08-09 22:44 ` Gavin Andresen
2015-08-09 22:51 ` Btc Drak
2015-08-10 8:27 ` Thomas Zander
2015-08-10 8:36 ` Patrick Strateman
2015-08-10 4:39 ` Joseph Poon
2015-08-10 21:02 ` Anthony Towns
2015-08-10 21:19 ` Anthony Towns
2015-08-10 21:43 ` Adam Back
2015-08-11 9:01 ` Hector Chu
2015-08-11 17:17 ` Simon Liu
2015-07-31 14:52 ` [bitcoin-dev] Block size following technological growth Bryan Bishop
2015-07-30 17:46 ` Jorge Timón
2015-08-02 22:35 ` Anthony Towns
2015-07-30 20:20 ` Thomas Zander
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