0 sats \ 3 replies \ @sudocarlos 19 Dec 2023 \ parent \ on: The Lightning Network is not sufficiently decentralized lightning
More realistically, the larger nodes will have kyc agreements with all channel partners, a whitelist. And they may have have to prevent connections from all other nodes. That is where my idea of kyc vs non-kyc lightning networks comes from
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0 sats \ 2 replies \ @iguano 19 Dec 2023
ok, lets say, me iguano, did a kyc with bitrefill and I have a channel with them, and you create a channel with me, (i did not request from you kyc) how will bitrefill know?
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0 sats \ 1 reply \ @sudocarlos 19 Dec 2023
If it's unannounced, they wouldn't know. But you can probe for unannounced channels and when a partner is found to be in non-compliance they might be removed from the white list and the channel is closed
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0 sats \ 0 replies \ @iguano 19 Dec 2023
same can be said for blockchain addresses. you can "be" on the network but e-commerces can reject payments from non - KYC addresses and in fact can be worst as they can request to every partner to KYC information of every address they interact with. I see that scenario easier to implement. the LN is a step forward in privacy.
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