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0 sats \ 0 replies \ @BallLightning 3h \ parent \ on: Is intellectual property legitimate? AskSN
I think somebody has thought about that and that's why ip rights and patents expire and are not perpetual. Whether this is the perfect system I don't know.
I don't have a lightning node running, but won't the following strategy work:
- Set a fee rate for a new channel that will cover the cost of closing this channel and rebalance the other channels should the other party just drains your liquidity?
- After a while if you see payments actual going the other direction, lower the fee rate to an appropriate level and adjust it periodically
I think even in the ideal world that you see, the situation will be the same. Imagine a works where most people work jobs and get monthly salary and everything is in bitcoin. These people will get their salaries via lightning, they will go to buy some stuff, but they will also save some of the sats. That means that they will still be a liquidity sink for the network. Even in the circlularest of the all circular economies ⭕⭕⭕.
Hm... Nothing really depends on me so that doesn't matter. I don't even currently run a node (although I want to play with a lightning node, but Darth discourages me to even try...)
Yeah, I am sure it is going to zero now. After that it will continue to drop and will become negative and the owners of bitcoin will owe money.
Practice has proven that today scamming someone is easier and more profitable than using force. This is amplified by the fact that almost no victim believes in advance that is vulnerable to scams. But nevertheless you have legal recource should you know who the offender is. The offender can be sentenced to return the money at least and made to do so by using the state's violence apparatus actually.
Property rights are a lot more subjective than many people claim to be. Some are quite clear, like if you have a hammer, it's yours and you own it and control it and can do anything with it.
On the other end of the spectrum you can have a right to a part of the radio spectrum. You "own" specific frequency range (with specific transmission parameters). In that case what is it exactly the thing that you "own"?
And then we can get to cases that are close to reality. If you own a land and have built a structure in it, do you have a right to build a well? If you live in some place and you and people around you have wells and don't deplete the aquifer there is no conflict. But what happens if after decades of living there new people come and build houses and build their own wells and suddenly the water is not enough for all? Should the new owners be made to use less water? Should the existing owners be forced to use less water then before, so that everybody gets the proportional quantity of water? What about the case where due to change in the climate suddenly there is not enough water? How should the remaining water be split and who owns it?
Also what about building a tall structure that casts shadow on your neighbour's property? What if it was there before your neighbour acquired his property? Does who came first make a difference? That if someone blocks a convenient path you have been using fo 50 years because he acquired the land (even if you have an inconvenient alternative path to your property)?
What about a part of the river running through your property having a dam constructed a thousand kilometers upstream?
What about painting your house a nasty color that ruins the experience of your neighbour? What about painting an image some will find offensive on your wall? What about painting a child porn "art" on the wall of your house? Does this violate your neighbour's property rights?
Fairness in property rights are full of cases that are not clear cut. And some of the cases above although fictional are similar to a real cases in the real world.
I'm making up my mind currently and waiting for smart replies to tip the scales in one direction or another.
Yes I have liquidity. Yes, the node id is the one you referred in your post.
Why are you talking about payment failures? As stated above I get error when creating the invoice (maybe payment problems will appear next if I actually manage to create an invoice).