10 sats \ 3 replies \ @pony 7 Sep 2022 \ on: Announcing the Exponential Layers Node Runner Contest - 1M Sats in Rewards bitcoin
stupid
My thoughts exactly. Capacity is a very rough metric for "utility" of the network. Capacity alone says nothing about the node/network's ability to route payments, or even the costliness of using that capacity (i.e. channels with ultra-high fees). It's easy to game the metric in the short term by buying inbound channels from LNBIG, etc. or opening massive channels just to close them later. An efficient node/network would have an extremely SMALL capacity and route high volumes. This competition is incentivizing an inefficient network with high capacity and low volumes.
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Or...maybe it's just a harmless, friendly, contest. Just for fun.
Seems well intentioned, and generous. Might pull some new plebs in.
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Can't stop others doing stupid stuff with their BTC. Just tired of Bitcoiners praising LN capacity growth like it's a universally good thing.
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