Andy Schroder [ARCHIVE] on Nostr: 📅 Original date posted:2017-12-17 📝 Original message: What's the rational for ...

📅 Original date posted:2017-12-17
📝 Original message:
What's the rational for using millisatoshis as the units for lightning
channels? Aren't you going to loose up to 1/2 of a satoshi when the
channel is closed? Is this because it doesn't hurt and you might as well
be open to the opportunity for these sub satoshi transactions, because
if you aren't, you are giving up the opportunity to get accumulated
revenue from many of those small transactions, that could end up being
greater than 1/2 of a satoshi?

Since millisatoshis is used, is there a maximum channel funding size?

Is the optional initial push of millisatoshis during the channel
creation there in order to motivate the other party to be willing to
waste their time with the channel creation in the first place? If not,
what's it for?

In all of the clients that I've looked at, I can't seem to find out how
to define the timeout closing out a channel when someone does not
cooperate. Is there a fixed value for this as part of the protocol? Or
do most clients have a default that they enforce over all channels that
they create?

Thanks,

--
Andy Schroder