Author: Subhra Mazumdar 2020-05-30 14:52:37
Published on: 2020-05-30T14:52:37+00:00
In an email exchange between Subhra Mazumdar and ZmnSCPxj, the former responds to feedback on a proposal for mitigating reverse-griefing in Lightning Network. ZmnSCPxj asks about mechanisms that protect against the myopic strategy and raises concerns about time discounting, counterparty risk, and cheap pseudonyms that make reverse-griefing more attractive than honest behavior. In response, Subhra Mazumdar explains how honest-rational parties would still follow the protocol as the profit earned by processing several transactions is greater than the profit earned by reverse-griefing. Additionally, they suggest adding extra measures, such as an extra round before initiating the lock phase and having two hashes in the off-chain contract for normal payment and error, to prevent reverse-griefing. The email exchange also touches upon the encumbrance of RSMC, the waiting time involved in earning the penalty, and channel closure.
Updated on: 2023-06-03T01:34:55.079315+00:00