Irrational Economic Action: Running a Bitcoin Lightning Node for Negative Profit
Bitcoin’s layer 2 (L2) solution is a payment channel network (PCN) that has an internal market of its own. Businesses (node operators) compete on a cost basis to maximize use of their locked liquidity by minimizing channel fees. From an economic perspective this is a standard profit maximization pr...
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| Format: | Article |
| Language: | English |
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University Library System, University of Pittsburgh
2023-12-01
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| Series: | Ledger |
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| Online Access: | http://ledger.pitt.edu/ojs/ledger/article/view/289 |