3 upvotes, 3 direct replies (showing 3)
View submission: ⚡ Lightning Network Megathread ⚡
Any thoughts on what LN nodes might charge?
0.01% of tx value (per node hop) too low? If the costs of the service are independent of amounts transacted, would 0.0001 USD per tx be too low?
would a combination of fixed fee + % be appropriate?
Comment by geezas at 13/01/2018 at 05:37 UTC
2 upvotes, 1 direct replies
Any thoughts on what LN nodes might charge?
It will probably vary a lot. Sometimes you'll see negative fees across some channels. Other nodes who will want to keep channel capacity for themselves will set high fees to discourage routing through them in a particular direction.
0.01% of tx value (per node hop) too low?
Hard to say. It will probably be higher on average, but that's just my guess.
If the costs of the service are independent of amounts transacted, would 0.0001 USD per tx be too low?
Costs are actually dependent on amount transacted. The scarce resource in LN is routing capacity (aka liquidity) which gets affected proportionately to the amount being routed.
would a combination of fixed fee + % be appropriate?
That's what current lighting protocol has right now - a flat fee plus a percentage fee.
Comment by mewald55 at 13/01/2018 at 06:03 UTC
2 upvotes, 1 direct replies
It will be a market-based competition for lower fees. Your wallet's routing will find the cheapest route to your destination, and if there is any profit to be made somebody else will charge a lower fee to be the preferred route.. So I don't think there will be a agreed pricing, it will be a race to the bottom... extremely cheap.
Comment by Bobanaut at 12/01/2018 at 19:21 UTC*
1 upvotes, 0 direct replies
right now there is up to 20 nodes per onion route... of which only the receiving one can claim a fee. i don't see why that one should actually claim any fee as it's getting the requested coins anyway... so uh...
edit: it looks like there is actually a fee per (routing)node. but it's mentioned much later in the specs and the place i looked at was/is not up-to-date