📝 Summary: The annual specification meeting in NYC discussed package relay, commitment transactions, and zero fee commitments. The Wolf team was thanked for organizing the LN Summit, with technical observations on package relay and minimum relay fees. A proposal was made to use a tapscript branch for unilateral closes and MuSig2 for mutual closes. Unconditional fees were suggested as a simple monetary solution. Carla thanked everyone for participating and acknowledged the hosts and note provider. Clara suggested making attackers pay for resources used to turn them into a profit center, but implementing fees based on HTLC holding time poses challenges.
👥 Authors: • Clara Shikhelman ( Clara Shikhelman [ARCHIVE] (npub1uyh…9vwk) ) • Carla Kirk-Cohen ( Carla Kirk-Cohen [ARCHIVE] (npub17xu…nw36) ) • ZmnSCPxj ( ZmnSCPxj [ARCHIVE] (npub1g5z…ms3l) ) • Anthony Towns ( Anthony Towns [ARCHIVE] (npub17rl…9l2h) ) • Antoine Riard ( Antoine Riard [ARCHIVE] (npub1vjz…x8dd) )
📅 Messages Date Range: 2023-07-19 to 2023-07-31
✉️ Message Count: 6
📚 Total Characters in Messages: 173328
Messages Summaries
✉️ Message by Carla Kirk-Cohen on 19/07/2023: The text is a summary of the annual specification meeting held in NYC. It includes discussions on package relay, commitment transactions, and zero fee commitments.
✉️ Message by Antoine Riard on 20/07/2023: The sender thanks the Wolf team for organizing the LN Summit and hopes they become the YC of Bitcoin. Technical observations on package relay and minimum relay fees are discussed.
✉️ Message by ZmnSCPxj on 24/07/2023: A proposal was made to use a tapscript branch for unilateral closes and only sign with MuSig2 on mutual closes. Nonces can be stored in volatile RAM and mutual closes can be restarted on reconnection. Unconditional fees are suggested as a simple monetary solution for pricing.
✉️ Message by Antoine Riard on 26/07/2023: Proposal to use a tapscript branch instead of MuSig2 signing for unilateral closes in the Lightning Network. Discusses dynamic fees and Bitcoin as a universal clock.
✉️ Message by Anthony Towns on 26/07/2023: Carla thanks everyone for their participation in the meeting and acknowledges Wolf for hosting in NYC and Michael Levin for providing notes.
✉️ Message by Clara Shikhelman on 31/07/2023: A different approach to dealing with attacks on the network is to scale up capacity and make attackers pay for the resources they use, turning them into a profit center. This could be done through fees for message spam and holding funds. However, there are challenges in implementing fees based on the time an HTLC is held. The suggested fees are low, so hourly precision should be sufficient.
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