Post
Topic
Board Development & Technical Discussion
Re: Don't we need to increase block weight/size?
by
Anti-Cen
on 15/01/2018, 20:50:32 UTC
There is no $30 fee (it's a bid-based supply/demand fee, not a fixed number). And there's no necessity to close channels often.
oh yes so next time I will use the number $30-55 to ensure I cover today fees up to the max we have seen

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And there's every incentive to open plenty of channels.
But if you owe money then you end up paying $30 tx fees to close the channel on top of fees to hub/bank
as settlement is done on BC so good incentive to people with money coming in but not going out. T&C for all I know
between client (me/You) and bank could prevent you passing the $30-55 fee on to the hub/bank and needs a deposit to
cover this situation.

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And free fees will undermine any attempt to turn Lightning routing into a business.
I am not sure quite what you are saying here, competition between banks/hubs is what I think your
getting at so please clarify

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No, it's totally wrong. I'm talking to you, not some youtube video. If there's someone on that video who knows what they're talking about, they're definitely not saying anything resembling what you said.

No you are wrong and from your comment it is clear you did not watch it so save the speculation and lets deal in facts please.
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Your ability to communicate facts about Bitcoin is completely inverted in relation to your confidence: you think you're perfect, but you sound like you're talking in your sleep after getting drunk the night before

Sorry but insults from you just pushes the point home that your line of thinking does not have any legs to stand on.