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 < [email protected]> 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 < > [email protected]> 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" <[email protected]> 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 >> [email protected]https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev >> >> >> >> _______________________________________________ >> bitcoin-dev mailing list >> [email protected] >> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev >> >> > > > _______________________________________________ > bitcoin-dev mailing list > [email protected] > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > >
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