Antoine Riard [ARCHIVE] on Nostr: 📅 Original date posted:2020-05-17 📝 Original message: > * At the same time, it ...
📅 Original date posted:2020-05-17
📝 Original message:
> * At the same time, it retains your-keys-your-coins noncustodiality,
because every update of a Lightning channel requires your keys to sign off
on it.
Yes I agree, I can foresee an easier step where managing low-value channel
and get your familiar with smooth key management maybe a first step before
running a full-node and getting a more full-fledged key management solution.
> It may even be possible, that the Lightning future with massive SPV might
end up with more economic weight in SPV nodes, than in the world without
Lightning and dependent on centralized custodial services to scale.
Even evaluating economic weight in Lightning is hard, both parties have
their own chain view, and it's likely if you assume a hub-and-spoke
topology, leaf nodes are going to be SPV and internal nodes full-nodes ?
> Money makes the world go round, so such backup servers that are
publicly-facing rather than privately-owned should be somehow incentivized
to do so, or else they would not exist in the first place.
I was thinking about the current workflow, Alice downloads her New Shiny
LN-wallet, she is asked to backup the seed, she is asked to pick-up
backup(s) nodes among her friends, relatives or business partners and is
NOT provided any automatic hint and register backup nodes addresses, maybe
even do out-of-band key exchange with this full-node operator. Therefore
you may avoid centralization by having not such publicly-facing servers. Of
course, Alice can still scrawl the web to and be lured to pickup malicious
public servers but if she is severely notified to not do so that may be
enough.
So it would be a combination of UX+user education+fallback security
mechanism to avoid economy hijack. That maybe a better solution rather than
PoW-only SPV. We have an open network so you can't prevent someone to run
such type of client but at least if they have to do so you can provide them
with a better option ?
Antoine
Le jeu. 14 mai 2020 à 00:02, ZmnSCPxj <ZmnSCPxj at protonmail.com> a écrit :
> Good morning Antoine,
>
>
> > While approaching this question, I think you should consider economic
> weight of nodes in evaluating miner consensus-hijack success. Even if you
> expect a disproportionate ratio of full-nodes-vs-SPV, they may not have the
> same economic weight at all, therefore even if miners are able to lure a
> majority of SPV clients they may not be able to stir economic nodes. SPV
> clients users will now have an incentive to cancel their hijacked history
> to stay on the most economic meaningful chain. And it's already assumed,
> that if you run a bitcoin business or LN routing node, you do want to run
> your own full-node.
>
> One hope I have for Lightning is that it will replace centralized
> custodial services, because:
>
> * Lightning gains some of the scalability advantage of centralized
> custodial services, because you can now transfer to any Lightning client
> without touching the blockchain, for much reduced transfer fees.
> * At the same time, it retains your-keys-your-coins noncustodiality,
> because every update of a Lightning channel requires your keys to sign off
> on it.
>
> If most Lightning clients are SPV, then if we compare these two worlds:
>
> * There are a few highly-important centralized custodial services with
> significant economic weight running fullnodes (i.e. now).
> * There are no highly-important centralized custodial services, and most
> everyone uses Lightning, but with SPV (i.e. a Lightning future).
>
> Then the distribution of economic weight would be different between these
> two worlds.
> It may even be possible, that the Lightning future with massive SPV might
> end up with more economic weight in SPV nodes, than in the world without
> Lightning and dependent on centralized custodial services to scale.
>
>
> It is also entirely possible that custodial services for Lightning will
> arise anyway and my hope is already dashed, come on universe, work harder
> will you, would you really disappoint some randomly-generated Internet
> person like that.
>
>
> >
> > I agree it may be hard to evaluate economic-weight-to-chain-backend
> segments, specially with offchain you disentangle an onchain output value
> from its real payment traffic. To strengthen SPV, you may implement forks
> detection and fallback to some backup node(s) which would serve as an
> authoritative source to arbiter between branches. Such backup node(s) must
> be picked up manually at client initialization, before any risk of conflict
> to avoid Reddit-style of hijack during contentious period or other massive
> social engineering. You don't want autopilot-style of recommendations for
> picking up a backup nodes and avoid cenralization of backups, but somehow a
> uniform distribution. A backup node may be a private one, it won't serve
> you any data beyond headers, and therefore you preserve public nodes
> bandwidth, which IMO is the real bottleneck. I concede it won't work well
> if you have a ratio of 1000-SPV for 1-full-node and people are not
> effectively able to pickup a backup among their social environment.
> > What do you think about this model ?
>
> Money makes the world go round, so such backup servers that are
> publicly-facing rather than privately-owned should be somehow incentivized
> to do so, or else they would not exist in the first place.
> Of course, a free market tends towards monopoly, because any entity that
> happens to have even a slight advantage at the business will have more
> money to use towards business reinvestment and increase its advantage
> further, until they beat the competition to dust, anyone who has won a 4X
> game knows to search for and stack those little advantages until you
> snowball and conquer the world/galaxy/petri dish which is why the endgame
> of 4X games is so boring compared to the start, we have seen this happen in
> mining and exchanges and so on, and this works against your desire to have
> a uniform distribution.
>
> If everyone runs such a privately-owned server, on the other hand, this is
> not so different from having a Lightning node you run at your home that has
> a fullnode as well and which you access via a remote control mobile device,
> and it is the inconvenience of having such a server at your home that
> prevents this in the first place.
>
> Regards,
> ZmnSCPxj
>
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📝 Original message:
> * At the same time, it retains your-keys-your-coins noncustodiality,
because every update of a Lightning channel requires your keys to sign off
on it.
Yes I agree, I can foresee an easier step where managing low-value channel
and get your familiar with smooth key management maybe a first step before
running a full-node and getting a more full-fledged key management solution.
> It may even be possible, that the Lightning future with massive SPV might
end up with more economic weight in SPV nodes, than in the world without
Lightning and dependent on centralized custodial services to scale.
Even evaluating economic weight in Lightning is hard, both parties have
their own chain view, and it's likely if you assume a hub-and-spoke
topology, leaf nodes are going to be SPV and internal nodes full-nodes ?
> Money makes the world go round, so such backup servers that are
publicly-facing rather than privately-owned should be somehow incentivized
to do so, or else they would not exist in the first place.
I was thinking about the current workflow, Alice downloads her New Shiny
LN-wallet, she is asked to backup the seed, she is asked to pick-up
backup(s) nodes among her friends, relatives or business partners and is
NOT provided any automatic hint and register backup nodes addresses, maybe
even do out-of-band key exchange with this full-node operator. Therefore
you may avoid centralization by having not such publicly-facing servers. Of
course, Alice can still scrawl the web to and be lured to pickup malicious
public servers but if she is severely notified to not do so that may be
enough.
So it would be a combination of UX+user education+fallback security
mechanism to avoid economy hijack. That maybe a better solution rather than
PoW-only SPV. We have an open network so you can't prevent someone to run
such type of client but at least if they have to do so you can provide them
with a better option ?
Antoine
Le jeu. 14 mai 2020 à 00:02, ZmnSCPxj <ZmnSCPxj at protonmail.com> a écrit :
> Good morning Antoine,
>
>
> > While approaching this question, I think you should consider economic
> weight of nodes in evaluating miner consensus-hijack success. Even if you
> expect a disproportionate ratio of full-nodes-vs-SPV, they may not have the
> same economic weight at all, therefore even if miners are able to lure a
> majority of SPV clients they may not be able to stir economic nodes. SPV
> clients users will now have an incentive to cancel their hijacked history
> to stay on the most economic meaningful chain. And it's already assumed,
> that if you run a bitcoin business or LN routing node, you do want to run
> your own full-node.
>
> One hope I have for Lightning is that it will replace centralized
> custodial services, because:
>
> * Lightning gains some of the scalability advantage of centralized
> custodial services, because you can now transfer to any Lightning client
> without touching the blockchain, for much reduced transfer fees.
> * At the same time, it retains your-keys-your-coins noncustodiality,
> because every update of a Lightning channel requires your keys to sign off
> on it.
>
> If most Lightning clients are SPV, then if we compare these two worlds:
>
> * There are a few highly-important centralized custodial services with
> significant economic weight running fullnodes (i.e. now).
> * There are no highly-important centralized custodial services, and most
> everyone uses Lightning, but with SPV (i.e. a Lightning future).
>
> Then the distribution of economic weight would be different between these
> two worlds.
> It may even be possible, that the Lightning future with massive SPV might
> end up with more economic weight in SPV nodes, than in the world without
> Lightning and dependent on centralized custodial services to scale.
>
>
> It is also entirely possible that custodial services for Lightning will
> arise anyway and my hope is already dashed, come on universe, work harder
> will you, would you really disappoint some randomly-generated Internet
> person like that.
>
>
> >
> > I agree it may be hard to evaluate economic-weight-to-chain-backend
> segments, specially with offchain you disentangle an onchain output value
> from its real payment traffic. To strengthen SPV, you may implement forks
> detection and fallback to some backup node(s) which would serve as an
> authoritative source to arbiter between branches. Such backup node(s) must
> be picked up manually at client initialization, before any risk of conflict
> to avoid Reddit-style of hijack during contentious period or other massive
> social engineering. You don't want autopilot-style of recommendations for
> picking up a backup nodes and avoid cenralization of backups, but somehow a
> uniform distribution. A backup node may be a private one, it won't serve
> you any data beyond headers, and therefore you preserve public nodes
> bandwidth, which IMO is the real bottleneck. I concede it won't work well
> if you have a ratio of 1000-SPV for 1-full-node and people are not
> effectively able to pickup a backup among their social environment.
> > What do you think about this model ?
>
> Money makes the world go round, so such backup servers that are
> publicly-facing rather than privately-owned should be somehow incentivized
> to do so, or else they would not exist in the first place.
> Of course, a free market tends towards monopoly, because any entity that
> happens to have even a slight advantage at the business will have more
> money to use towards business reinvestment and increase its advantage
> further, until they beat the competition to dust, anyone who has won a 4X
> game knows to search for and stack those little advantages until you
> snowball and conquer the world/galaxy/petri dish which is why the endgame
> of 4X games is so boring compared to the start, we have seen this happen in
> mining and exchanges and so on, and this works against your desire to have
> a uniform distribution.
>
> If everyone runs such a privately-owned server, on the other hand, this is
> not so different from having a Lightning node you run at your home that has
> a fullnode as well and which you access via a remote control mobile device,
> and it is the inconvenience of having such a server at your home that
> prevents this in the first place.
>
> Regards,
> ZmnSCPxj
>
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