Quote from: DooMAD on March 02, 2019, 09:17:01 PM

Quote from: franky1 on March 02, 2019, 04:44:22 PM

what people are not realising is average joe will NOT be getting rich from being a full node route channel for LN for these reasons

I've never seen anyone advocating that LN is good because they thought they'd get rich from fees. It's abundantly clear that you would not be able to earn any notable income from routing transactions. People do realise this from everything I've witnessed here on the forum. I don't know where you get this perception that people somehow believe LN is going to make them wealthy. Are you projecting your own early misconceptions onto others again?

LN fees are almost the inverse of on-chain fees. On-chain, users bid to offer the highest fees to the miners to give their transaction preference over others. In LN, nodes compete to offer the lowest fees possible in order to attract users to route via them rather than through other nodes.

here he goes again. poking the bear again
did you even read. why do you think nodes will own more than one channel. to maximise exposure to get as many people routing through them to double up income without revealing that the 3-5hops a user makes is actually 3-5 hops through one person. rather than having one node strained with millions of connections charging 3-5x more than others
a.*-1-1-1-1-1-*

b.*-5-*

c.*-1-*

(a)maximises grabbing users to get most transaction count
it gets the entity 5x more than users that only handle 1 hop
because (a) surrounds the major exchanges/merchants its not like many usrs can avoid such st-ups to get to th srvice at the centre
also using factories the service can fractional reserve, to need actual bitcoin funding the offchain 12decimal token balance

might be worth you running scenarios

this is the whole point of LN, the investors in devs want some return on investment. its why he devs paid by investors have spent the last 3+ years with a roadmap thats only direction has been a txformat as the gateway into this other network. its why these devs rmoved fee priority mechanisms and not instead put in better fee priority mechanisms. its why the devs have stalled actual BITCOIN NETWORK scaling because they want to deburden bitcoins utility over to other networks

its kind of like you have totally forgotton and got amnesia about the whole flip flops and your own comments of the last 3 years

if you are really going to try de-railing yet another topic to just be a social drama about "franky says this" atleast stick to one narrative

..
as for your point about saying no one has ever thought/suggested that people can make income from LN
well the topic creator of this very topic has.
a quick google search shows MANY people hoping to get income via LN

its actually only a few people trying to correct that narrative by showing how average joe wont make income because most of the routes will be done via centralised services using hubs to increase thier exposure and transaction count to get most out of the 'low fee' pretense