[bitcoin-dev] What Lightning Is

[Hector Chu]

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 at 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 at 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?
>
>
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