Hey. This was one of those thoughts that only pop up once in a while when you're taking a shower :p .. could be nonsense but let's hear your opinions:
Would it be possible for a future scenario that "the usual" two different types of "big services" that people are expecting exist, for (1) big money movements that happen on-chain and (2) small LN transaction providers, but here's the catch..
(1) might be cannibalizing (2)! So what do I mean by that? Well that this (1) service actually works fine in equilibrium in such a super popular way that it drives up fees above some arbitrary threshold X which is actually the maximum threshold for service (2) to work economically (for example because closing channels for some lesser used nodes starts to become more expensive than the fees acquired by running those nodes)!
What do you say, actual possibility or totally cannot happen? And if it happens would it be even a bad thing or would it just be ok, if the market apparently prefers it that way in this particular scenario? After all, at least service (1) would be neatly running at full capacity, so the fees-model balances out supply and demand just fine and maybe the best total reward income (and underlying security provided by doing the hashing work) netted by the system as such is ensured.
What would be a possible consequence though? I could imagine that if certain more outside branches of LN stop netting enough fees from very small transactions, then they could refuse to route very small transactions? Could this give rise to some sort of 3rd layer that again provides to route and in turn bundles the smallest transactions, or am I making a thinking error here? (Similar to our physical world like superhighway -> highway -> country road).
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from Bitcoin - The Currency of the Internet http://bit.ly/2IzXrU0
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