📅 Original date posted:2015-08-09
📝 Original message: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 at lists.linuxfoundation.org
> <mailto: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
>> <mailto: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?
>>
>>
>>
>> _______________________________________________
>> bitcoin-dev mailing list
>> bitcoin-dev at lists.linuxfoundation.org <mailto:bitcoin-dev at lists.linuxfoundation.org>
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> <mailto:bitcoin-dev at lists.linuxfoundation.org>
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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Patrick Strateman [ARCHIVE] /
npub1l3…69pvv
2023-06-07 17:33:09
in reply to nevent1q…eenk
Author Public Key
npub1l3uf9m4yw2y7x8wyjeswhelsqyy8ql4jaca4nyy6en0s474yadssg69pvvPublished at
2023-06-07 17:33:09Event JSON
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"content": "📅 Original date posted:2015-08-09\n📝 Original message:That was not in reply to you.\n\nOn 08/09/2015 03:09 PM, Hector Chu wrote:\n\u003e Right, you've stated a bunch of facts, but how does it answer my\n\u003e concerns of the exploding cost of the network the more interconnected\n\u003e it it?\n\u003e\n\u003e On 9 August 2015 at 23:06, Patrick Strateman via bitcoin-dev\n\u003e \u003cbitcoin-dev at lists.linuxfoundation.org\n\u003e \u003cmailto:bitcoin-dev at lists.linuxfoundation.org\u003e\u003e wrote:\n\u003e\n\u003e I suspect there is some amount of confusion here on terms.\n\u003e\n\u003e The hub is essentially swapping funds between payment channels.\n\u003e\n\u003e The hub's entire business is centered around having payment\n\u003e channels open with other hubs/users.\n\u003e\n\u003e If the hub requires user funds to open these channels... then the\n\u003e users have no reason to pay the hub anything in fees.\n\u003e\n\u003e A hub that doesn't use it's own funds to open payment channels to\n\u003e other hubs/merchants is useless.\n\u003e\n\u003e\n\u003e On 08/09/2015 02:27 PM, Tom Harding via bitcoin-dev wrote:\n\u003e\u003e\n\u003e\u003e On Aug 9, 2015 11:54 AM, \"Mark Friedenbach\" \u003cmark at friedenbach.org\n\u003e\u003e \u003cmailto:mark at friedenbach.org\u003e\u003e wrote:\n\u003e\u003e\n\u003e\u003e \u003e On the contrary the funds were advanced by the hub on the\n\u003e\u003e creation of the channel. There is no credit involved.\n\u003e\u003e\n\u003e\u003e That's a chuckle. \n\u003e\u003e\n\u003e\u003e As I said, nothing requires the hub to advance anything, and if\n\u003e\u003e it does, Bob can expect to pay for it.\n\u003e\u003e\n\u003e\u003e We'll see whether hubs assess a fee for depositing funds, whether\n\u003e\u003e the fee depends on the amount deposited, and whether it depends\n\u003e\u003e on the amount of time it stays there.\n\u003e\u003e\n\u003e\u003e I predict \"all of the above.\" There is a name for these kinds of\n\u003e\u003e fees. Can you guess it?\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e _______________________________________________\n\u003e\u003e bitcoin-dev mailing list\n\u003e\u003e bitcoin-dev at lists.linuxfoundation.org \u003cmailto:bitcoin-dev at lists.linuxfoundation.org\u003e\n\u003e\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n\u003e\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e \u003cmailto:bitcoin-dev at lists.linuxfoundation.org\u003e\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n\u003e\n\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150809/03767706/attachment.html\u003e",
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