📅 Original date posted:2015-08-11
📝 Original message:Lightning will never catch on as it basically demands that everyone who
uses it to become a speculator. Payment hubs and merchants will be at the
mercy of the bitcoin price while their funds stay locked up in payment
channels. This idea is a dead-end.
On 10 August 2015 at 22:43, Adam Back via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> In terms of usage I think you'd more imagine a wallet that basically
> parks Bitcoins onto channels at all times, so long as they are
> routable there is no loss, and the scalability achieved thereby is
> strongly advantageous, and there is even the potential for users to
> earn fees by having their wallets participate in channel rebalancing
> (where hubs pay users to rebalance channels - end up with the same net
> position but move funds from one user-owned channel to another.)
> Exchange deposit, withdrawal, payments, even in-exchange trades can
> usefully happen in lightning for faster, cheaper more scalable
> transactions.
>
> Adam
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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Hector Chu [ARCHIVE] /
npub170…jr45x
2023-06-07 17:33:12
in reply to nevent1q…gvpt
Author Public Key
npub170s9de2ganthnna75443h70tnsn2lvmcq5365r0juk8nfa93lthqwjr45xPublished at
2023-06-07 17:33:12Event JSON
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"created_at": 1686159192,
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"content": "📅 Original date posted:2015-08-11\n📝 Original message:Lightning will never catch on as it basically demands that everyone who\nuses it to become a speculator. Payment hubs and merchants will be at the\nmercy of the bitcoin price while their funds stay locked up in payment\nchannels. This idea is a dead-end.\n\nOn 10 August 2015 at 22:43, Adam Back via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e In terms of usage I think you'd more imagine a wallet that basically\n\u003e parks Bitcoins onto channels at all times, so long as they are\n\u003e routable there is no loss, and the scalability achieved thereby is\n\u003e strongly advantageous, and there is even the potential for users to\n\u003e earn fees by having their wallets participate in channel rebalancing\n\u003e (where hubs pay users to rebalance channels - end up with the same net\n\u003e position but move funds from one user-owned channel to another.)\n\u003e Exchange deposit, withdrawal, payments, even in-exchange trades can\n\u003e usefully happen in lightning for faster, cheaper more scalable\n\u003e transactions.\n\u003e\n\u003e Adam\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150811/cb129674/attachment.html\u003e",
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