2 ms·
Personally I don't really mind having a few main hubs because Lightning Network allows trust-less payments. Your hub can never steal your money. It's guaranteed
by tananaev 9y ago
Personally I don't really mind having a few main hubs because Lightning Network allows trust-less payments. Your hub can never steal your money. It's guaranteed by math and Bitcoin network itself.
Lightning Network might not be perfect solution, but it is a solution to scaling problem. Increasing block size is certainly not a long term solution.
- aiCeivi9 9y ago> Your hub can never steal your money But it can keep coins that remain in them until the channel expires and for usable channels it will be at least a month or two. So some amount of trust is required. Also, unless I don't know about something, wallet software needs to store additional data for LN to work that can't be just reconstructed from private key/paper wallet.
- keymone 9y agowhat incentive does a hub have to do that? it's easy to accuse a hub in doing that but it's trivial for a hub to prove they aren't. if it is ever proven that hub holds on to somebody's channel - the hub loses reputation and customers.