Post
Topic
Board Development & Technical Discussion
Re: The Lightning Network FAQ
by
d5000
on 18/11/2020, 16:56:26 UTC
If we want to objectively assess the prospects for LN, we should not look at atypical cases. They don't make the weather. Smiley
We need to see how 90% of the standard participants will behave. For example, how will 90% of customers use LN? How will 90% of sellers use LN? What will be 90% of the LN network nodes? Is it profitable for these 90% to keep an LN node?
These are not atypical cases. They're the majority of the larger service providers I mentioned - in the case LN is popular and successful. I should have written "there are several categories of entities" instead -  I am sure you also did understand it that way (but my non-native English may have given you the opportunity for this "answer") Wink And no, we don't need 90% to be "profitable" in the sense that they make money charging fees. It is enough if the money they save in comparison to on-chain fees, all costs (opening/closing channels etc.) included, is > 0.

Quote
Unfortunately for you, mathematics is a neutral science.
His calculations may be correct but he then tries to "use" them to prove his point (which he has sustained during years here in this forum) that LN is not viable. And this exceeds the field of mathematics but enters the field of politics.

If you had read my post completely, you may have seen that I even agree with him that a completely distributed LN where most participants are well-connected, without hubs, is probably very difficult to achieve (and would also not be necessary, imo). But Fyookball didn't address the point that there are many entities who are incentived to run well-connected mini-hub nodes without having to profit directly from them. Their profits come not primarily from the fees they earn, but from the fees they save.

(I will not continue this discussion cluttering the thread, but leave it again for more technical FAQs.)