<div dir="ltr">Sorry about that Patrick. Gmail hides previous messages including sender names. Regardless, no worries.</div><div class="gmail_extra"><br><div class="gmail_quote">On 9 August 2015 at 23:27, Patrick Strateman via bitcoin-dev <span dir="ltr"><<a href="mailto:bitcoin-dev@lists.linuxfoundation.org" target="_blank">bitcoin-dev@lists.linuxfoundation.org</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div bgcolor="#FFFFFF" text="#000000">
That was not in reply to you.<div><div class="h5"><br>
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<div>On 08/09/2015 03:09 PM, Hector Chu
wrote:<br>
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<blockquote type="cite">
<div dir="ltr">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?</div>
<div class="gmail_extra"><br>
<div class="gmail_quote">On 9 August 2015 at 23:06, Patrick
Strateman via bitcoin-dev <span dir="ltr"><<a href="mailto:bitcoin-dev@lists.linuxfoundation.org" target="_blank">bitcoin-dev@lists.linuxfoundation.org</a>></span>
wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div bgcolor="#FFFFFF" text="#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>
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<blockquote type="cite">
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<div>
<p dir="ltr">On Aug 9, 2015 11:54 AM, "Mark
Friedenbach" <<a href="mailto:mark@friedenbach.org" target="_blank">mark@friedenbach.org</a>>
wrote:</p>
<p dir="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="ltr">That's a chuckle. </p>
<p dir="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="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="ltr">I predict "all of the above." There is
a name for these kinds of fees. Can you guess it?<br>
</p>
<br>
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