📅 Original date posted:2015-08-09
📝 Original message:Sorry about that Patrick. Gmail hides previous messages including sender
names. Regardless, no worries.
On 9 August 2015 at 23:27, Patrick Strateman via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> 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> 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?
>>
>>
>> _______________________________________________
>> bitcoin-dev mailing listbitcoin-dev at lists.linuxfoundation.orghttps://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>
>>
>>
>> _______________________________________________
>> bitcoin-dev mailing list
>> bitcoin-dev at lists.linuxfoundation.org
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>
>>
>
>
> _______________________________________________
> 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 17:33:09
in reply to nevent1q…hjlw
Author Public Key
npub170s9de2ganthnna75443h70tnsn2lvmcq5365r0juk8nfa93lthqwjr45xPublished at
2023-06-07 17:33:09Event JSON
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"created_at": 1686159189,
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"content": "📅 Original date posted:2015-08-09\n📝 Original message:Sorry about that Patrick. Gmail hides previous messages including sender\nnames. Regardless, no worries.\n\nOn 9 August 2015 at 23:27, Patrick Strateman via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e That was not in reply to you.\n\u003e\n\u003e\n\u003e On 08/09/2015 03:09 PM, Hector Chu wrote:\n\u003e\n\u003e Right, you've stated a bunch of facts, but how does it answer my concerns\n\u003e of the exploding cost of the network the more interconnected it it?\n\u003e\n\u003e On 9 August 2015 at 23:06, Patrick Strateman via bitcoin-dev \u003c\n\u003e bitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e\n\u003e\u003e I suspect there is some amount of confusion here on terms.\n\u003e\u003e\n\u003e\u003e The hub is essentially swapping funds between payment channels.\n\u003e\u003e\n\u003e\u003e The hub's entire business is centered around having payment channels open\n\u003e\u003e with other hubs/users.\n\u003e\u003e\n\u003e\u003e If the hub requires user funds to open these channels... then the users\n\u003e\u003e have no reason to pay the hub anything in fees.\n\u003e\u003e\n\u003e\u003e A hub that doesn't use it's own funds to open payment channels to other\n\u003e\u003e hubs/merchants is useless.\n\u003e\u003e\n\u003e\u003e\n\u003e\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\u003e wrote:\n\u003e\u003e\n\u003e\u003e \u003e On the contrary the funds were advanced by the hub on the creation of\n\u003e\u003e 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 it does,\n\u003e\u003e 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 the fee\n\u003e\u003e depends on the amount deposited, and whether it depends on the amount of\n\u003e\u003e time it stays there.\n\u003e\u003e\n\u003e\u003e I predict \"all of the above.\" There is a name for these kinds of fees.\n\u003e\u003e Can you guess it?\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e _______________________________________________\n\u003e\u003e bitcoin-dev mailing listbitcoin-dev at lists.linuxfoundation.orghttps://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\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\n\u003e\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\u003e\n\u003e\u003e\n\u003e\n\u003e\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\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150809/55553328/attachment-0001.html\u003e",
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