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289 sats \ 3 replies \ @tomlaies 29 Jul 2022 \ on: I am Alan Plus, founder of Lightning Network Plus, AMA! bitcoin
In an imagined utopia with hyperbitcoinized Lightning ... how would the infrastructure look like in your opinion? Would normal people run a node with a single connection to their local supermarket? Or would still only enthusiasts run their own nodes with everyone else having accounts with their enthusiast friends/family/bank?
This is my imagined setup:
• Families run their LN nodes on their home router / server
• The family LN node will serve multiple family members each having their own accounts, wallets and funds
• The node will have only a few channels (3-5) to most used services, such as their employer, to an online merchant, and maybe their communication provider, family friend
• These channels are open for years, similar how you get a credit card and then you stay with that bank for years
• New channels are opened when the family needs more liquidity to receive or spend
• The node is "watched" by 1-3 friend nodes (LND Watchtower or CLN Eye of Satoshi)
• Each family member will connect to this node with their phone to use the network to receive and send SATs
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Recently I read about Fedimints which proposes a more realistic scenario imo.
- Instead of 1 household - 1 node, a group of X friends maintain Y nodes (X>Y).
- The nodes are maintained by the tech savvy households (trusted Federation setup). Could be friends, could be employee/employer.
- This strikes a middleground between holding your own key and trusting one bank to manage your money.
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Not comparable IMO.
Fedimints are trusted, but home LN setups are not.
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