From: Thomas Zander <thomas@thomaszander•se>
To: "bitcoin-dev@lists•linuxfoundation.org"
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Off-chain transactions and miner fees
Date: Mon, 10 Aug 2015 10:39:02 +0200 [thread overview]
Message-ID: <7458113.kgSzuHbtZH@coldstorage> (raw)
In-Reply-To: <567909F0-F686-4B38-A745-637423E12311@gmail.com>
On Monday 10. August 2015 07.57.30 Rune K. Svendsen via bitcoin-dev wrote:
> What Lightning does is raise the value of a transaction on the block chain.
> Imagine you're a Lightning node, and in order to collect your fees, that
> you've earned over the past month, you have to settle on the blockchain. If
> you've earned, say, 0.5 BTC in fees, you can attach a huge 0.005 BTC fee to
> the Bitcoin settlement transaction. The miners earn a larger fee, and you
> make sure your transaction gets into the blockchain quickly, and you can
> afford to pay this fee because you've made much more on the Lightning
> transactions you've routed.
I don't buy that argument, you are saying a company will give away profits
because of... what? It can?
The reason of it being faster makes no sense, as your example the channel has
been open for a month then he really doesn't care it takes 1, 10 or 50 blocks
before his transaction is included. What is 5 hours wait on a month of profit?
--
Thomas Zander
next prev parent reply other threads:[~2015-08-10 8:39 UTC|newest]
Thread overview: 13+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-09 22:20 info
2015-08-10 5:01 ` Joseph Poon
2015-08-10 5:57 ` Rune K. Svendsen
2015-08-10 8:39 ` Thomas Zander [this message]
2015-08-10 15:53 ` Leo Wandersleb
2015-08-10 21:16 ` Thomas Zander
2015-08-10 9:01 ` GC
2015-08-10 15:35 ` info
2015-08-10 18:50 ` Anthony Towns
2015-08-10 19:14 ` Hector Chu
2015-08-10 19:26 ` Anthony Towns
2015-08-10 19:54 ` Hector Chu
2015-08-10 21:12 ` Eric Voskuil
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=7458113.kgSzuHbtZH@coldstorage \
--to=thomas@thomaszander$(echo .)se \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox