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It's up to each node how many channels they open and how much bitcoin is used for those channels, but lots of channels doesn't make it an institution. An LN nod
by j3th9n 6y ago
It's up to each node how many channels they open and how much bitcoin is used for those channels, but lots of channels doesn't make it an institution. An LN node has to play with the same rules as every other node, it cannot enforce rules like institutions. And if you don't like some LN node's transaction fees, you choose a different node for your transaction to go through. As a result the high-transaction-fee node will soon lower its fees. Btw, every LN node is already charging fees.
- Nursie 6y ago>> It's up to each node how many channels they open and how much bitcoin is used for those channels, If you want to be paid you have to find a route that's willing to lock up enough coin at their end for that. So they are exactly like banks - if you want good ability to transact you have to pick one that works for you and pay appropriate fees. It really is a hack.
- j3th9n 6y agoSolution: Multi-Path Payments.
- deleted 6y ago[deleted]