I am here to learn. I will continue debating with you until I am as smart as you.
I can honestly say,
Hell would literally freeze over before that happens.But it is good to have goals.
It is not an assumption , it is a cost basis from the break even point of maintaining a $60 per month VPS.
Right now people are just doing it for Free and just losing money in the hope profit comes later.
It is an assumption until you run a Lightning node yourself and compute everything. But did you already not say that Lightning nodes do not earn enough from fees?
Definition of the word : Assumption
a thing that is accepted as true or as certain to happen, without proof.I will replace the term Cost Basis with the Term
Input Costs,
to see if you understand that better.
Definition of Input Cost:
Cost of direct material, direct labor, and other overhead items devoted to the production of a good or service.
LN hubs requires a computer & internet access, which no one can deny.
Therefore current prices of a decent VPS are ~$60 per month.
So that $60 is your minimum input cost.
(Notice the time to become proficient running a LN hub was not even included in the input costs.)So calculating the break even point of what each LN transaction has to meet to match the input cost of $60 is
pure math , not assumption.
Yes but Lighnting deniers assumed nodes will take advantage of the users by imposing high fees to profit. Now that it was disproved, the new FUD will be "Lightning will not work because nodes cannot earn from fees". That was the point.
Make up your minds.
You mean cheat in Lightning? Yes, there will be penalties if you cheat.
If someone can impose penalties and
Take away your funds,
it directly means that you NEVER had Total Control as you like to keep asserting which is a false statement.
Example: In Onchain Bitcoin where you control your private keys,
No one can Take any funds from you unless you agree to send them the payment.
They can send you a bill, but they can't make you pay, it is your choice.
With LN Multi signature, the LN Hub can grant your funds to the counterparties at any time their rule system dictates without you having any ability at all to block it.
Not the total control myth , you keep propagating, the most you can truly say, is that you have
shared control of the LN funds with the hub.
The Fees the hubs take from you , you can't stop the hubs from getting their fees.
Close a channel and immediately use your funds , You can't do it because they are time locked and you do not have full control of your funds.*Until the Time Locks Expire.*
Wrong you can broadcast the latest state of your channel anytime. Did Andreas Brekken not close his channels but only having minor problems?
The remaining channels cannot close gracefully because the Lightning Node on the other side of the channel is offline.
I force close these channels using lncli closechannel --force.
Closing a channel using --force results in a unilateral close which makes the funds unavailable to me.
The amount of time the funds are locked up depends on the channel policy. This policy is negotiated when the channel opens.
Most channels will release the funds to me in between 1440 and 20180 minutes.
20180 minutes is ~ 2 weeks.
So until those time locks expire, he will not regain total access to his funds. IE: Can't spend any until the time locks expire.
There are rules. Do you believe it would be a good idea not to have penalties in Lightning?
Plus about control, yes you have full control of Bitcoins because there is no custodian risk. You do not need to trust anyone to hold your coins on your behalf.
