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Author Topic: Lightning Network Discussion Thread  (Read 20685 times)
aliashraf
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July 18, 2018, 02:24:44 AM
Last edit: July 18, 2018, 02:54:19 AM by aliashraf
 #81


Anyway, I leave you guys, with your 'high level' experience with an electronic cash transfer system, god bless LN. No further posts in this trash.

Are you (by any chance) going to leave Bitcointalk, then come back, then say you're leaving again, then come back again ad infinitum?
No! bitcointalk is not funded by your dad, I just got somewhat bad feeling about seeing so many dumb 'legendary' fucks in one thread trying to convince themselves how great is the shit they are eating, so I decided not to argue with such dick heads.

And who/what are you? Kinda buzzard?
 

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July 18, 2018, 03:24:41 AM
Last edit: July 18, 2018, 06:24:39 AM by Anon136
 #82

Does anyone know of a node that will open a channel with you for no cost?

How is it possible to open a channel with no cost ?

I thought there was a cost to checkpoint the channel-open with the BTC blockchain.

I mean excluding the transaction fee. This gets so abstract so fast but if I am thinking about it correctly, it should be possible for some charitable node to be willing to open a small channel with you in exchange for you paying the nodes transaction fee. That way you could pick up some coins from the faucet for just the price of a transaction fee. I don't think anything like this exists though. Which was my reason for questioning the usefulness of a lightning faucet.



Channel factories. Existing Lightning Network channels could be used for creating new channels without broadcasting anything to the rest of the Bitcoin network. Normally, a channel is opened to only one person. In channel factories we have multiple people forming a group. Group members maintain channels between themselves. More interested users = higher savings. If one of the participants is uncooperative, existing channels are not affected - new channels can't be created, though.

You can find more detailed description here.

 Shocked Good lord man. You are so knowledgeable and such an asset to this thread. How are you only a regular member? I'm going to give you a chunk of merit and it's not for this post specifically but because you need it more than others (being only member) while simultaneously deserving it more than many others.


From the paper Scalable Funding of Bitcoin Micropayment Channel Networks

Quote
We propose a new layer that sits in between the blockchain and the payment channels. The new layer addresses the scalability problem by enabling trust-less off-blockchain channel funding. It consists of shared accounts of groups of nodes that flexibly create oneto-one channels for the payment network. The new system allows rapid changes of the allocation of funds to channels and reduces the cost of opening new channels. Instead of one blockchain transaction per channel, each user only needs one transaction to enter a group of nodes – within the group the user can create arbitrary many channels. For a group of 20 users with 100 intra-group channels, the cost of the blockchain transactions is reduced by 90% compared to 100 regular micropayment channels opened on the blockchain. This can be increased further to 96% if Bitcoin introduces Schnorr signatures with signature aggregation.

This is amazing! Any idea if this has gone through peer review?


Ok so I finished reading Scalable Funding of Bitcoin Micropayment Channel Networks and yea it's super exciting. I'm not sure but maybe I see a mistaken assumption / attack vector.

Quote
There is no personal advantage in unilaterally closing a channel, as the only difference is that higher mining fees are paid for the increased blockchain space, thus everyone loses. A selfish user should always prefer a settlement solution in comparison to broadcasting the current path of the invalidation tree.

It's true that if I uncooperatively leave the channel factory I will lose more money than if I do so cooperatively. But so will everyone else. So in the narrowest sense it is in my self interest to close the channel cooperatively, but what if my motives are more complicated? Couldn't I, in theory, for the cost of X dollar to myself, remove 99*X total dollars from each of my channel factory peers? Maybe causing others to lose 99 times as much wealth as myself is worth sacrificing some of my own wealth.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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July 18, 2018, 05:53:25 AM
 #83



WTF, We are not trying to destroy Bitcoin, we are just discussing the Pro's and Con's of the technology and how to utilize it in the best manner to get the most out of it. I am saying, that the Lightning Network developers should consider defining, what a micro payment should be to utilize the system to it's full potential.

The parameters that are used now, is just temporary?

Yeah, you're already done with destroying bitcoin, I get it.  Wink

Bitcoin is not an infrastructure, it is the system, remember? Projecting problems to the second layer, stacking up protocols on protocols leads to nowhere other than ruining bitcoin,

Ruining it how? Bitcoin is an open system that is open for developers to build tools on top of it. The Lightning Network is one such tool.

Quote
turning it to something it was not meant to be.

Is that your argument? Hahaha.

You need to make a transaction onchain to open a Lightning channel, technically it is still functioning as it was meant to be.
And it is yours? hahaha

No, I learned it from "him".



It is his one and true "vision". Hahaha.

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For years, teaching noobs about bitcoin, I've been  used to begin with telling them the Internet story and how its decentralized nature is hided from them by centralized services on top of it. Now what do I have tell to them? Like "Hey, Bitcoin is decentralized, don't worry, it is the fault of second layer protocols that you are being spied and censored"?

Post your credentials, and who are you if you stand by that claim of authority.
This has nothing to do with my credentials. I don't need any kind of authority and didn't claim it. I'm telling a simple story about how a decentralized infrastructure like tcp/ip turned to be hidden by centralized, second layer protocols and you don't understand a word of mine.

I'm not talking about LN, I'm against any second layer protocol on bitcoin, I maintain that bitcoin IS NOT an infrastructure it is a complete system, it should be, it is meant to be.

Off-chain/second layer solutions of any kind, by any name are just a statement of failure for bitcoin.

For a person that says that he "does not" need any authority, you are speaking as if you are an "authority". Why should we listen to you with that attitude?

Quote
You guys are hypocrites, little, sneaky hypocrites. Instead of focusing on bitcoin as a system, an electronic P2P cash system, you are giving up with it and are rushing to LN as the solution, the shelter.

Then if someone takes the other side of the debate and challenges you, they are hypocrites?


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Kakmakr
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July 18, 2018, 06:22:04 AM
Last edit: July 18, 2018, 06:37:24 AM by Kakmakr
 #84


Anyway, I leave you guys, with your 'high level' experience with an electronic cash transfer system, god bless LN. No further posts in this trash.

Are you (by any chance) going to leave Bitcointalk, then come back, then say you're leaving again, then come back again ad infinitum?
No! bitcointalk is not funded by your dad, I just got somewhat bad feeling about seeing so many dumb 'legendary' fucks in one thread trying to convince themselves how great is the shit they are eating, so I decided not to argue with such dick heads.

And who/what are you? Kinda buzzard?

Let's leave rank out of this for a moment, because I think it is irrelevant to this discussion. Let's get back to the topic and what you think the LN is. In my view, the LN network solves a part of the scaling problems, by taking some of the micro transactions and placing them off-chain.

People are not forced to do all their transactions off-chain, they are just encouraged to take their micro transactions off-chain, because it is faster and cheaper to do that on a second layer that are focussed on that.

Everyone knows "Block size" increases is one of the most ineffective ways to scale a network, so that is not even considered as a possible solution. <That will eventually end up in centralization of the mining scene>

Give us a short explanation of your solution and let's debate this as responsible grownups. This name calling and swearing is so juvenile.  Wink

Edit : I bumped into your thread dedicated to your idea and it looks interesting - https://bitcointalk.org/index.php?topic=4438334.0

aliashraf
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July 18, 2018, 10:14:15 AM
Last edit: July 18, 2018, 02:23:12 PM by aliashraf
 #85



Let's leave rank out of this for a moment, because I think it is irrelevant to this discussion. Let's get back to the topic and what you think the LN is. In my view, the LN network solves a part of the scaling problems, by taking some of the micro transactions and placing them off-chain.
Ok, just for you  Wink
LN, as a second layer protocol is suspected to centralization as it has been extensively discussed up-thread and plus a very primitive axiom I believe in: Any second layer protocol on top of bitcoin is vulnerable to centralization, no matter what.

I believe bitcoin is the ultimate and the state of the art decentralized system and as I'm used to emphasis and argue, and have tried to prove regularly, bitcoin's  current situation with pools and ASICs is not inherent and MUST be resolved by means of an evolutionary approach.

Any utility, UI, browser, navigator, analyser, ... that uses bitcoin protocol to lubricate user interaction with the system, remains decentralized as long as it has not wrapped it in a new protocol and abstracted users from the actual system.

Although, Bitcoin is open  and it is definitively any developper's right to invent such protocols/abstraction layers, we should be aware of the implications and threats involved and by no means such a protocol deserves to be advertised as a solution to scaling problem in bitcoin.

For instance, I can trivially design and implement a protocol for traditional banks to keep track of bitcoin deposits of their customers, providing very fast and 'secure' transaction processing utilities for in-bound transaction processing plus a simple clearance system for inter-bank/out-band transactions.
Obviously it would project parts of transaction burden off the blockchain, but do I deserve any  merits? Is it wise to consider my system as an scalability solution for bitcoin?

Right now we have centralized exchanges that transact billions of dollars a day without any overhead for bitcoin network, are they parts of a scalability solution?
They are mostly dangerous wild scammers. Bittrex as one of the biggest ones, few months ago, deliberately seized and scammed millions of dollars worth of user deposits.

My other concern here is the sole protocol stacking approach. A protocol above bitcoin protocol is evil, imo. People are joining bitcoin because of its beauty and its transparency, such abstractions and wrappings, alienates people from the system.

Quote
People are not forced to do all their transactions off-chain, they are just encouraged to take their micro transactions off-chain, because it is faster and cheaper to do that on a second layer that are focussed on that.
It is just the same as forcing people to do something, making their life a misery and giving them just one option to exit, your favorite one.

Core guys are biased toward LN. Right? It is wrong from the beginning. A 'core' developer should take care of the core protocol instead of commercializing a second layer protocol, shouldn't s/he?
I mean, you just start asking them about sca... and observe that they have already pointed to LN for scalability. So, this is it. It is their ultimate scaling solution that users have no choice other than to adopt.


Quote
Everyone knows "Block size" increases is one of the most ineffective ways to scale a network, so that is not even considered as a possible solution. <That will eventually end up in centralization of the mining scene>
Wrong! Block size debate is not over, I've showed it in other thread how poor is reasonings behind Core's weird approach to this debate. Mining scene is already centralized by pools and even a 100 times increase in block weight won't change the scene in this regard a bit!
I've suggested a block time decrease earlier as a better version than block size increase, tho.

Reducing block time is a complementary cure for on-chain scalability and should be considered a serious part of any improvement for bitcoin because it has a similar effect on reducing pooling pressure and centralization problems involved.

Quote

Give us a short explanation of your solution and let's debate this as responsible grownups. This name calling and swearing is so juvenile.  Wink

Edit : I bumped into your thread dedicated to your idea and it looks interesting - https://bitcointalk.org/index.php?topic=4438334.0
Outlines of my solution:

  • 1- Adopting a Proof of Collaborative Work algorithm, eliminating pools
  • 2- Reducing block time to help the above de-pooling agenda
  • 3- Revising transaction format to make it more smart and compact
  • 4- Making room in blocks/transactions for low level support of sharding strategies

Parts of this solution has already been published in the topic you provided a link for, others are spontaneously discussed in other topics.
Note that eliminating pools is the most critical and urgent step to make sharding as an ultimate scalability solution, feasible.

For now, I'm integrating the most important parts in the second version of my PoCW proposal, due to be published in few days.
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July 18, 2018, 04:58:25 PM
Last edit: July 18, 2018, 05:25:19 PM by BitCryptex
Merited by Xian01 (1)
 #86

I read through that. All that was missing is "How do I set up a channel-factory ?"

It's not yet available. It is one of the planned features but as you can see it might have a huge impact on the network once it becomes available in the most popular implementations. Take a look at this article. There is some useful information about the future possible upgrades of the Lightning Network.

I mean excluding the transaction fee. This gets so abstract so fast but if I am thinking about it correctly, it should be possible for some charitable node to be willing to open a small channel with you in exchange for you paying the nodes transaction fee. That way you could pick up some coins from the faucet for just the price of a transaction fee. I don't think anything like this exists though. Which was my reason for questioning the usefulness of a lightning faucet.

Nobody can pay a transaction fee for you if you are opening the channel, but you can get a refund later. Lightning faucet is quite useful for new users which want to test if their wallet is working properly. Usually, receiving funds causes more problems.

Couldn't I, in theory, for the cost of X dollar to myself, remove 99*X total dollars from each of my channel factory peers? Maybe causing others to lose 99 times as much wealth as myself is worth sacrificing some of my own wealth.

Wouldn't the rest of participants simply broadcast a penalty transaction in such case?

You are so knowledgeable and such an asset to this thread. How are you only a regular member? I'm going to give you a chunk of merit and it's not for this post specifically but because you need it more than others (being only member) while simultaneously deserving it more than many others.

Thanks for that, I have just ranked up Smiley I really appreciate it. I used to read a lot about the Lightning Network a few months ago and I plan setting up my own node on a Raspberry Pi in the future.

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July 18, 2018, 07:51:50 PM
 #87

Quote
   "day_fee_sum": "0",
    "week_fee_sum": "0",
    "month_fee_sum": "0"

I guess it's going to take some time getting established ? Feereport is zeroed after twenty four hours. Have opened over fifty decently funded channels.

This is normal ?
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July 18, 2018, 08:04:30 PM
Last edit: July 18, 2018, 08:16:29 PM by BitCryptex
Merited by Xian01 (1)
 #88

Quote
   "day_fee_sum": "0",
    "week_fee_sum": "0",
    "month_fee_sum": "0"

I guess it's going to take some time getting established ? Feereport is zeroed after twenty four hours. Have opened over fifty decently funded channels.

This is normal ?

Yes, it will take some time before you start earning from routing fees. Note that wallets will prefer the shortest and the cheapest route. At the beginning, this guy earned only $0.01 after one month! In the comments someone pointed out that a lot of people connect to the ACINQ node because it's the default one in Eclair (Android). To how big nodes are you connected to?

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July 18, 2018, 08:56:24 PM
 #89

Wouldn't the rest of participants simply broadcast a penalty transaction in such case?

That's how I imagined this problem would be dealt with I just didn't see any mention of dealing with it this way in the paper.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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July 18, 2018, 10:07:36 PM
 #90

To how big nodes are you connected to?

I have a link channel established with ACINQ. Have a link established to essentially the top 10-15 nodes by routing connections.

Let Autopilot manage the rest of the connections after connecting to the big ones manually.
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July 19, 2018, 06:43:15 AM
 #91



Let's leave rank out of this for a moment, because I think it is irrelevant to this discussion. Let's get back to the topic and what you think the LN is. In my view, the LN network solves a part of the scaling problems, by taking some of the micro transactions and placing them off-chain.
Ok, just for you  Wink
LN, as a second layer protocol is suspected to centralization as it has been extensively discussed up-thread and plus a very primitive axiom I believe in: Any second layer protocol on top of bitcoin is vulnerable to centralization, no matter what.

I believe bitcoin is the ultimate and the state of the art decentralized system and as I'm used to emphasis and argue, and have tried to prove regularly, bitcoin's  current situation with pools and ASICs is not inherent and MUST be resolved by means of an evolutionary approach.

Any utility, UI, browser, navigator, analyser, ... that uses bitcoin protocol to lubricate user interaction with the system, remains decentralized as long as it has not wrapped it in a new protocol and abstracted users from the actual system.

Although, Bitcoin is open  and it is definitively any developper's right to invent such protocols/abstraction layers, we should be aware of the implications and threats involved and by no means such a protocol deserves to be advertised as a solution to scaling problem in bitcoin.

For instance, I can trivially design and implement a protocol for traditional banks to keep track of bitcoin deposits of their customers, providing very fast and 'secure' transaction processing utilities for in-bound transaction processing plus a simple clearance system for inter-bank/out-band transactions.
Obviously it would project parts of transaction burden off the blockchain, but do I deserve any  merits? Is it wise to consider my system as an scalability solution for bitcoin?

Right now we have centralized exchanges that transact billions of dollars a day without any overhead for bitcoin network, are they parts of a scalability solution?
They are mostly dangerous wild scammers. Bittrex as one of the biggest ones, few months ago, deliberately seized and scammed millions of dollars worth of user deposits.

My other concern here is the sole protocol stacking approach. A protocol above bitcoin protocol is evil, imo. People are joining bitcoin because of its beauty and its transparency, such abstractions and wrappings, alienates people from the system.

You are making a debate just to make a debate. You can still use Bitcoin onchain without problems if you want to. But you should not criticize developers if they want to make tools that people might use.

Quote
Quote
People are not forced to do all their transactions off-chain, they are just encouraged to take their micro transactions off-chain, because it is faster and cheaper to do that on a second layer that are focussed on that.
It is just the same as forcing people to do something, making their life a misery and giving them just one option to exit, your favorite one.

No one is forcing you, and how would it give them misery? Lightning will also make transactions cheaper onchain if they do not want to use Lightning.

Quote
Quote
Everyone knows "Block size" increases is one of the most ineffective ways to scale a network, so that is not even considered as a possible solution. <That will eventually end up in centralization of the mining scene>
Wrong! Block size debate is not over,

It will be over. Let us observe Ethereum and make that our case study. Give it 10 years. Bitcoin Cash will also follow the same path. If it can increase its transactions per block more than Dogecoin. Hahaha.

Quote
Quote


Make a BIP. The problem in this forum is there are sometimes "very smart" people, but truly they have their own agenda.


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     ▄▄██████████████▄▄
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July 19, 2018, 05:52:50 PM
 #92

Shitcoin.com's node capacity seems to be constantly growing. It has already surpassed 40 BTC.

I have a link channel established with ACINQ. Have a link established to essentially the top 10-15 nodes by routing connections.

Could you let us know if anything has changed after one month? What implementation are you using?

If anyone is interested in setting up a node on a Raspberry Pi then RaspiBlitz is now available on github. It makes the whole process easier and it also comes with a nice LCD feature.

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July 19, 2018, 07:46:45 PM
 #93

You are making a debate just to make a debate. You can still use Bitcoin onchain without problems if you want to. But you should not criticize developers if they want to make tools that people might use.

Quote
Quote
People are not forced to do all their transactions off-chain, they are just encouraged to take their micro transactions off-chain, because it is faster and cheaper to do that on a second layer that are focussed on that.
It is just the same as forcing people to do something, making their life a misery and giving them just one option to exit, your favorite one.

No one is forcing you, and how would it give them misery? Lightning will also make transactions cheaper onchain if they do not want to use Lightning.
First of all, I'm just curious, why should you accuse me of debating just for having a debate? Isn't it kinda personal attack?
A gentleman asked me to express my ideas and i did so, what's wrong here?

Secondly, you have heard about incentives and how people follow them. Right? How don't you understand my argument here?

When you offer scalability off-chain and do nothing about it on-chain, you are forcing people to use the only economic option you have left them with.

I have explicitly specified that it is a right for any developer or company to use bitcoin api for developing second layer protocols or services of any kind, but it is not Core's right to be biased toward them or project the problems like scalability to them.

Quote
Quote
Quote
Everyone knows "Block size" increases is one of the most ineffective ways to scale a network, so that is not even considered as a possible solution. <That will eventually end up in centralization of the mining scene>
Wrong! Block size debate is not over,

It will be over. Let us observe Ethereum and make that our case study. Give it 10 years. Bitcoin Cash will also follow the same path. If it can increase its transactions per block more than Dogecoin. Hahaha.
So, it is not over and we are allowed to have our ideas and suggest our improvements but you think a decade later we will be proved wrong, and sticking with magical 1 MB limit will be proved right.

Ok. See you 2028.  Wink

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July 20, 2018, 12:54:15 AM
 #94

Using the official lnd / lncli from Github.

Anyone screw around with fees ?

For example, the defaults are base_fee_msat 1000 and fee_rate of 1

$lncli updatechanpolicy --base_fee_msat 1000 --fee_rate 0.9

I suck at this math thing, but I'm thinking changing the fee rate from 1 to 0.9 makes routing through me cheaper ?

Or more expensive ?

The fee rate used when forwarding payments on our channels. The total fee charged is basefee + (amount * feerate / 1000000), where amount is the forwarded amount. (default: 1)

Got my lnd.conf set up like this at the moment for the Bitcoin config.

I'll certainly report back after a month. So far haven't routed a single satoshi Sad

[Bitcoin]
bitcoin.active=1
bitcoin.basefee=1000
bitcoin.feerate=0.9
bitcoin.minhtlc=1000
bitcoin.timelockdelta=144


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July 20, 2018, 05:27:04 AM
 #95

You are making a debate just to make a debate. You can still use Bitcoin onchain without problems if you want to. But you should not criticize developers if they want to make tools that people might use.

Quote
Quote
People are not forced to do all their transactions off-chain, they are just encouraged to take their micro transactions off-chain, because it is faster and cheaper to do that on a second layer that are focussed on that.
It is just the same as forcing people to do something, making their life a misery and giving them just one option to exit, your favorite one.

No one is forcing you, and how would it give them misery? Lightning will also make transactions cheaper onchain if they do not want to use Lightning.
First of all, I'm just curious, why should you accuse me of debating just for having a debate? Isn't it kinda personal attack?
A gentleman asked me to express my ideas and i did so, what's wrong here?

No because you are biased against the Core developers. It is one thing to question or criticize, but you are imposing your own ideas as "right", and the people against you as "wrong".

Quote
Secondly, you have heard about incentives and how people follow them. Right? How don't you understand my argument here?

When you offer scalability off-chain and do nothing about it on-chain, you are forcing people to use the only economic option you have left them with.

Forcing? You can choose to use onchain transactions anytime you want. Plus offchain transactions really help free some space for your onchain transactions.

Quote
I have explicitly specified that it is a right for any developer or company to use bitcoin api for developing second layer protocols or services of any kind, but it is not Core's right to be biased toward them or project the problems like scalability to them.

The Core developers are free to choose which solutions are the best for the long term feasibility of the network.

Quote
Quote
Quote
Quote
Everyone knows "Block size" increases is one of the most ineffective ways to scale a network, so that is not even considered as a possible solution. <That will eventually end up in centralization of the mining scene>
Wrong! Block size debate is not over,

It will be over. Let us observe Ethereum and make that our case study. Give it 10 years. Bitcoin Cash will also follow the same path. If it can increase its transactions per block more than Dogecoin. Hahaha.
So, it is not over and we are allowed to have our ideas and suggest our improvements but you think a decade later we will be proved wrong, and sticking with magical 1 MB limit will be proved right.

Ok. See you 2028.  Wink



See you. Cool




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BitCryptex
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July 20, 2018, 11:00:37 AM
 #96

$lncli updatechanpolicy --base_fee_msat 1000 --fee_rate 0.9

I suck at this math thing, but I'm thinking changing the fee rate from 1 to 0.9 makes routing through me cheaper ?

Or more expensive ?

The fee rate used when forwarding payments on our channels. The total fee charged is basefee + (amount * feerate / 1000000), where amount is the forwarded amount. (default: 1)


The lower the fee rate, the lower routing fees people will have to pay. It might actually encourage wallets to choose your node.

Yesterday, I tried Lightning Spin because one user has a problem with it and I was surprised. I haven't used my Eclair wallet for some time. I had to wait roughly 1 minute and I haven't paid any routing fees!


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July 21, 2018, 01:04:12 AM
 #97

FWIW, changed my lnd.conf to leave feerate at the default of 1, and am instead playing with the "base_fee_msat" (bitcoin.basefee) value.

The explorer at 1ML.com does not properly display feerates below 1 (0.9 turns into 900,000 mil sat), so I think I screwed something up there or maybe they are screwed up ? Whatever. I don't know.

Anyway, adjusted existing channels to;

$lncli updatechanpolicy --base_fee_msat 950 --fee_rate 0.000001 --time_lock_delta 144

Frustrating that fee_rate is treated differently on the command line vs lnd.conf.

The default feerate is 1 in the config, and gets translated to 0.000001 somehow when the channel is opened.

Not sure what's going on there, but so far, I have made 2 satoshis in fees !

    "day_fee_sum": "2",
    "week_fee_sum": "2",
    "month_fee_sum": "2"
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July 21, 2018, 05:49:56 PM
 #98

I am playing with Discrete-Event Network Simulator NS3

http://arthurgervais.github.io/Bitcoin-Simulator/index.html

the project is a bit in the limbo and I don't think is up to date ...
while reading the models used I was wondering what parameters should I include to reflect how long a connection must be on ..
https://github.com/arthurgervais/Bitcoin-Simulator/tree/master/src/applications/model

"Problem with nLockTime is that it's hard to broadcast these transactions, so you'd have to leave your Bitcoin node running"..
-Sjors at https://github.com/bitcoin/bitcoin/issues/8431

... my general question is regards to a connection time and new routing path ...


Satoshi's book editor; SCIpher - https://pdos.csail.mit.edu/archive/scigen/scipher.html
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July 21, 2018, 06:50:28 PM
Last edit: July 22, 2018, 12:10:48 PM by Xian01
 #99

Quote
"Problem with nLockTime is that it's hard to broadcast these transactions, so you'd have to leave your Bitcoin node running"..
-Sjors at https://github.com/bitcoin/bitcoin/issues/8431

Should be able to drop your HTLC to a much lower value, like 3-4 hours instead of 24 hours.
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July 23, 2018, 05:48:26 AM
 #100

What are the latest updates on Andreas Brekken's node? I heard that he was only earning a few cents from it even though he owns half the liquidity in the LN.

Plus where are the attacks on Blockstream and the conspiracy that they developed Lightning to "make money on fees"? Didn't Blockstream say that fees would be unfairly cheap? Cool


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