My point is indeed that isn’t even an opportunity cost.
Staking reward is something that is completely orthogonal to bitcoin protocol.
Opportunity cost Is Literally The Best What You Can't Get If You Are Choosing An OptionStaking reward is something that is completely orthogonal to bitcoin protocol.
@Wind_fury Point Is Kinda Valid tho.
Instead Of Putting Our Bitcoin In Lightning Channel. We Can Use That Bitcoin For Something Better.(i.e buying Government bonds(ceteris paribus))
But, Some People Maybe Value The Advantage Of Running LN Nodes More Than The Opportunity Cost.
Implicit Benefit Exist, And It Varies On People. Running LN Nodes Doesn't Need To Be Profitable In Terms Of Money.
You Need To Differentiate Between accounting Profit And Economic Profit.
We Include Implicit Benefit On Economic Profit
no
please listen, I am telling you the following for the second time:
some people will happily eat the opportunity cost as a way to pay for the privacy benefits lightning channels can offer.
please listen, I am telling you the following for the second time:
some people will happily eat the opportunity cost as a way to pay for the privacy benefits lightning channels can offer.
We don't know that. The asset used for opening channels are scarce, and when the demand for inbound capacity increases, the fee market will play out.
Unlike The Bitcoin Fee Market Where The Number Of Transactions Per Block are Limited, There are No Transaction Limit On LN.
If Opening Channels Is Economically Profitable, Then Other People Will Open Their Channel.
If Opening Channels Is Economically Unprofitable, Then People Would Start Shutdown Their Channels.
At The End It Will Reach An Equilibrium Where The Economic Profit Of Opening LN Channels Is 0.
So The Fee Price Would Be Almost Constant(Regardless Of The Transaction In The Network)
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