Ninjastic
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Board Development & Technical Discussion
Re: Opening LN channel with zero balance?
by
stdset
on 31/03/2017, 08:33:44 UTC
Quote from: dinofelis on March 31, 2017, 08:27:00 AM
Quote from: stdset on March 31, 2017, 08:16:20 AM
Quote from: Quickseller on March 31, 2017, 07:16:19 AM
1 - if I have a LN channel open with the dealership, and the dealership does not offer intermediary services, then the only use of that LN channel is to transact with that dealership. If the dealership is connected to a LN hub that I am not connected to, then I cannot transaction with that LN hub without the cooperation of the dealership, or I would need to route payments via other means to that LN hub via other cooperating LN channels.
That's why I suggest opening a channel not with the dealership, but with a hub, in this case.

This is why LN is banking.  A few big hubs are the banks.  Everyone will want to connect to them, and they set their conditions.
That's may be true to some extent. In the sense that hubs and spokes architecture is simpler and cheaper than mesh-like. But what power will hubs have? Rising fees? There will always be enough competition to keep fees low. What else?