350 sats \ 3 replies \ @random_ 26 Jul 2022 \ on: LNBIG routed 12.4 BTC yesterday... how does that extrapolate to network volume? bitcoin
Cool! How are you calculating those numbers?
https://github.com/ferencberes/LNTrafficSimulator
^ the creators of this program used data provided by LNBIG to calibrate their simulator and then estimate the daily traffic of other nodes.
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0 sats \ 2 replies \ @andyleroy OP 26 Jul 2022
Thanks for sharing this - this is really interesting work.
"Our findings on the estimated revenue from transaction fees are in line with widespread opinion that participation is economically irrational for the majority of large routing nodes who currently hold the network together. Either traffic or transaction fees must increase by orders of magnitude to make payment routing economically viable"
I'll be taking a deep dive...👀
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10 sats \ 1 reply \ @random_ 26 Jul 2022
Oh yea. There are a ton of channels that still have default fee policy.
They also show that most nodes are over provisioned, but I think that has more to do with price fluctuation.
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0 sats \ 0 replies \ @andyleroy OP 26 Jul 2022
There is some great stuff here - I'll dig in more to everything they did in this research. As for my numbers, I took the LNBIG data and plugged it into the "formula" above - with the rest of the data coming from Exponential Layers and specific back-end queries - that I aim to add to the UI in some form soon
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