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No. You don't. It can be set to having to be on at least once a week, or trustlessly outsourcing the requirement.
by onetallnerd 10y ago
No. You don't. It can be set to having to be on at least once a week, or trustlessly outsourcing the requirement.
- CookieMon 10y agoBitcoin doesn't require weekly check-ins, but Good to know (thanks) - that's a less extreme requirement for Lightning. However, being online wasn't a main pressure for the potential problem of central hubs. (e.g. the large parked capital requirements acting as a barrier to entry, fees - if bitcoin is to be a low-volume settlement layer - plus people wanting to keep spending money consolidated (i.e. opening as few channels as possible) while still getting the benefit of complete payment connectivity)
- tomtomtom777 10y ago> trustlessly outsourcing the requirement Unless I missed something, outsourcing watching the blockchain cannot be called trustless; they need to know what to watch. If your watcher collaborates with your LN-hub, you are doomed. Here is my get-rich-quick-scheme: * Setup a big LN hub. * Setup a LN-watching service Then for each peer connected to both, I filter those that: * have a balance with <10% on my side * have an earlier balance with >90% on my side * haven't been seen for a week. For those, I submit the tx of the earlier balance. Sometimes I'll lose a bit but mostly I will gain more. Profit.