FinnStin on Nostr: I believe you are right. Reputation will likely be very important on Lightning. ...
I believe you are right. Reputation will likely be very important on Lightning.
You're probably right that the open nature of L1 makes abusing L2 much harder. The more pressing concern I have is that if an individual doesn't have the future equivalent of a good credit score, the large institutions may not wish to take a risk on them. This isn't malice, it's risk management.
Eltoo channel factories would probably make reputationeven more important. They do allow for even cheaper payments in theory, possibly alleviating the burden of holding your own keys, but now the trust model expands to more than one counterparty. One person could refuse to sign new balances and potentially force close a channel factory with twenty individuals.
The politics of managing nested multi-party payment channels is even more messy.
You're probably right that the open nature of L1 makes abusing L2 much harder. The more pressing concern I have is that if an individual doesn't have the future equivalent of a good credit score, the large institutions may not wish to take a risk on them. This isn't malice, it's risk management.
Eltoo channel factories would probably make reputationeven more important. They do allow for even cheaper payments in theory, possibly alleviating the burden of holding your own keys, but now the trust model expands to more than one counterparty. One person could refuse to sign new balances and potentially force close a channel factory with twenty individuals.
The politics of managing nested multi-party payment channels is even more messy.