Do cross-asset lightning nodes do not offer premium-free American call options?
=
I would argue that cross-asset lightning nodes do not offer premium-free
American call options for the following reasons.
Say I wanted to set up to purchas
Good morning list,
I wanted to know your thoughts about the reuse of payment_hash in lightning
invoices, currently BOLT11 uses as example a donation invoice which seems
to be "permanent" i.e the payment_hash isn't changing after having received
a donation.I believe the reuse of known payment_hash
Good morning Lawrence,
While true, on Lightning, interest earnings are ***tiny*** enough that the
premium "paid" in this manner is minimal.
Increase in alternative interest earnings for Bitcoin on non-Lightning
alternatives would also cut down the available liquidity on Lightning and
increase L
Good morning Andrea,
> For example a malicious receiver can provide an invoice with assisted routes
> where among those he/she controls a node and that node won't forward to the
> htlc but steal the funds instead (the preimage is known to the intermediate
> node as well), thus it will be claime
Good morning Lawrence,
On re-reading your argument, no, you have misunderstood massively.
The two HTLCs together form a *single* American Call Option, issued by the
exchange to the initiator of the "payment".
It is not the initiator somehow issuing an American Call Option to itself by
routing
Good morning,
> On 3 Jan 2019, at 13:04, ZmnSCPxj wrote:
>
> Good morning Lawrence,
>
> While true, on Lightning, interest earnings are ***tiny*** enough that the
> premium "paid" in this manner is minimal.
> Increase in alternative interest earnings for Bitcoin on non-Lightning
> alternati
> On 3 Jan 2019, at 13:24, ZmnSCPxj wrote:
>
> Good morning Lawrence,
>
> On re-reading your argument, no, you have misunderstood massively.
>
> The two HTLCs together form a *single* American Call Option, issued by the
> exchange to the initiator of the "payment".
>
> It is not the initiat
Okay so the knowledge of a preimage for a certain payment_hash is the
sufficient (and only) payment proof for the payer. But in any case the
reuse of payment_hashes should be strongly discouraged, in the donations
scenario 2 donors will send across the network a payment for the same
preimage and if
Follow-up: here's more detailed info on the data I collected and
potential savings we could achieve:
I made hourly routing table backups for 12 days, and collected routing
information for 17 000 channel ids.
There are 130 000 different channel updates :on average each channel
has been updated 8 t
Good morning,
> - in set reconciliation schemes: we could reconcile [channel id |
> timestamp | checksum] first
Perhaps I misunderstand how set reconciliation works, but --- if timestamp is
changed while checksum is not, then it would still be seen as a set difference
and still require fu
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