Author: Ron OHara 2016-07-18 12:17:17
Published on: 2016-07-18T12:17:17+00:00
The conversation revolves around the limitations of payment channels and the potential for optimization with Lightning Network (LN). Rusty Russell explains that LN adds the ability to trustlessly chain channels, so Alice can pay Carol via Bob. However, Ron OHara questions the volume of transactions per user needed to justify reserving funds and the vulnerability of long-running channels to traffic analysis. Rusty suggests having three channels to make the system more robust and spread information around. While acknowledging the technical issues can be dealt with, Ron is more concerned about the bootstrap problem LN faces for whatever use cases are a good fit. The conversation ends with a quote from Arthur C. Clarke.
Updated on: 2023-05-23T23:51:07.362616+00:00