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RE: Debunking Conspiracy Theories about Bitcoin: Andreas Antonopoulos currently testing Lightning Network

in #bitcoin7 years ago (edited)

Ok, but what is the INCENTIVE for a person to run a LN node and keep it open? If a person runs a node, does that necessarily mean his transaction will process more quickly than someone NOT a node?

If person A has a LN node open, and sends money to person B who is NOT on LN, will one or both pay a mining fee? And vice versa for person A RECIEVING a payment?

It's good info on the 20-hop method tho, thanx for that.

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From what I heard this is automatic. Your wallet will open a node on LN when it wants to process a transaction. As a programmer, what I would do is set up a dynamic array that is sorted with various values from greatest to least. Then you onion route the hops through the intermediate values of your position to the destination of the payment.

crypto folk are much better at creating stuff than they are of explaining it, that's for sure!