[Lightning-dev] #zerobasefee

2021-08-14 Thread Anthony Towns
Hey *, There's been discussions on twitter and elsewhere advocating for setting the BOLT#7 fee_base_msat value [0] to zero. I'm just writing this to summarise my understanding in a place that's able to easily be referenced later. Setting the base fee to zero has a couple of benefits: - it

Re: [Lightning-dev] Zero Fee Routing

2021-08-14 Thread ZmnSCPxj via Lightning-dev
Good morning Daki, While certainly a very imaginative approach to the problem, do note that there is a substantive difference between running a Bitcoin fullnode and running a Lightning forwarding node. Namely: * A Bitcoin fullnode does not risk any lockup of its funds just to run. * A

[Lightning-dev] Zero Fee Routing

2021-08-14 Thread Daki Carnhof
This text was brought to life by repelling magnet forces of reading ZmnSCPxj's Algorithm For Channel Fee Settings. Thank you, Zmn! Bitcoin has taught me to just do nothing and it would probably be preferable in this case as well, but here is my 5msat. # Introduction Zero Fee Lightning Network

[Lightning-dev] Algorithm For Channel Fee Settings

2021-08-14 Thread ZmnSCPxj via Lightning-dev
Introduction As use of Lightning grows, we should consider delegating more and more tasks to programs. Classically, decisions on *where* to make channels have been given to "autopilot" programs, for example. However, there remain other tasks that would still appreciate delegation