I believe you are right. Reputation will likely be very important on Lightning.
You're probably right that the open nature of L1 makes abusing L2 much harder. The more pressing concern I have is that if an individual doesn't have the future equivalent of a good credit score, the large institutions may not wish to take a risk on them. This isn't malice, it's risk management.
Eltoo channel factories would probably make reputationeven more important. They do allow for even cheaper payments in theory, possibly alleviating the burden of holding your own keys, but now the trust model expands to more than one counterparty. One person could refuse to sign new balances and potentially force close a channel factory with twenty individuals.
The politics of managing nested multi-party payment channels is even more messy.
FinnStin
npub1ak…aq945
2023-03-07 12:33:06
in reply to nevent1q…lts2
Author Public Key
npub1ak7khwe5x9xu0wqn506zc0d87677ztrejgqxlyu35c822d0h4gusvaq945Seen on
wss://relay.nostr.bandPublished at
2023-03-07 12:33:06Event JSON
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"content": "I believe you are right. Reputation will likely be very important on Lightning.\n\nYou're probably right that the open nature of L1 makes abusing L2 much harder. The more pressing concern I have is that if an individual doesn't have the future equivalent of a good credit score, the large institutions may not wish to take a risk on them. This isn't malice, it's risk management.\n\nEltoo channel factories would probably make reputationeven more important. They do allow for even cheaper payments in theory, possibly alleviating the burden of holding your own keys, but now the trust model expands to more than one counterparty. One person could refuse to sign new balances and potentially force close a channel factory with twenty individuals.\n\nThe politics of managing nested multi-party payment channels is even more messy.",
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