Hi everyone,

I have been working academically on the Lightning network for a while now. I 
didn't not participate in the list to form my own vision of what it should be. 
So please, bear with me if I'll be saying nonsense sometimes.

There has been a lot of discussion on sending cycle transactions to oneself to 
're-balance' the network. On LN mailing 
 [1] or numerous places elsewhere. There has been even a paper suggesting a 
smart mechanism to do the re-balancing (see Revive or Liquidity network [2]). 
My question is what do we actually get from it? [3] states that the 
distribution of funds in channels does not really affect the network liquidity. 
I can see cheaper fees or shorter paths if the network is kept balanced. But 
don't you think that a smart fee strategy will do the job?

To save your time, [4] explains the gist from [3].

[3] https://arxiv.org/abs/1007.0515
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