A proposal for up-front payments. [combined summary]



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Published on: 2020-03-09T12:45:24+00:00


Summary:

The Lightning Network community is actively exploring different solutions to address routing-related incentive issues and prevent spamming. One proposal put forward by Rusty Russell suggests upfront payments for messages as a means to combat Type 2 spam. This involves adding an HTLC with a prepay amount and a hash, returning some of the prepay amount along with a count and preimage upon success or failure.To tackle the issue of amount spent, the author emphasizes the need for an effective solution that takes into account the diverse spending habits and budgets of individuals. They consider factors such as income, expenses, and financial goals to provide a comprehensive understanding of how much is being spent. The goal is to strike a balance between transparency and privacy while ensuring honesty in payment routing.Privacy is another crucial concern addressed by the author. They recognize the significance of protecting personal information in today's digital age and propose a solution that safeguards sensitive data while still providing valuable insights. The aim is to find a middle ground that respects privacy while maintaining transparency.Throughout the article, the author acknowledges the limitations of their solution and welcomes feedback from readers. By actively seeking input from others, they demonstrate a commitment to continuous improvement and an openness to different perspectives.In conclusion, the author presents a solution to the issues of amount spent and privacy. They acknowledge the solution's limitations and invite readers to provide feedback. By considering various factors and striking a balance between transparency and privacy, the author aims to offer a valuable tool for individuals seeking to understand their spending habits while maintaining control over their personal information.


Updated on: 2023-07-31T22:15:57.186370+00:00