34 sats \ 5 replies \ @k00b 9 Dec 2022 \ on: Someone brave enough to ask tough questions bitcoin
If it fails, I don't think payment channels are dead - merely just this construction of them. If any construction of payment channels is unworkable, which is unlikely IMO, then we'll certainly need an alternative path to scale.
I like this train of thought. Good point. My concern was the distant future when a 1 btc channel held the equivalent of a small country GDP. How would an average citizen open a 1000 sat channel in a mempool filled with the transactions of nations.
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I saw somewhere a discussion between LN devs that could be possible to "trade" already opened channels. Something about channel factories.
Means you can "buy" from someone else or marketplace a channel that was opened long time ago.
Practically exchanging owners of that channel.
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Brilliant! I think there is a wallet that does something like that. Trades private keys instead of going on chain. I haven’t spent enough time looking into it. https://mercurywallet.com/
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I don't think anyone thinks that the current channel creation methods will be economic. That's why there is work on channel factories https://bitcoinops.org/en/topics/channel-factories/.
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Amazing, thank you for the share! That’s a game changer.
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