Re: [Lightning-dev] `htlc_maximum_msat` as a valve for flow control on the Lightning Network

2022-09-28 Thread Anthony Towns
On Thu, Sep 29, 2022 at 12:41:44AM +, ZmnSCPxj wrote: > > I get what you're saying, but I don't think a "stock of liquidity" > > is a helpful metaphor/mental model here. > > "Liquidity" usually means "how easy it is to exchange X for Y" -- assets > > for cash, etc; but for lightning, liquidity

Re: [Lightning-dev] `htlc_maximum_msat` as a valve for flow control on the Lightning Network

2022-09-28 Thread ZmnSCPxj via Lightning-dev
Good morning aj, > > Forwarding nodes sell liquidity. > > If a forwarding node runs out of stock of liquidity (i.e. their channel is > > unbalanced against the direction a payment request fails) they earn 0 > > profit. > > > I get what you're saying, but I don't think a "stock of liquidity" >

Re: [Lightning-dev] `htlc_maximum_msat` as a valve for flow control on the Lightning Network

2022-09-28 Thread Anthony Towns
On Tue, Sep 27, 2022 at 12:23:38AM +, ZmnSCPxj via Lightning-dev wrote: > All monetisation is fee-based; the question is who pays the fees. This isn't true. For example, if you can successfully track the payments you route, you can monetize by selling data about who's buying what from whom. (U