Is There a Multi-Party Cryptocurrency Future?

Without penalties, the multi-party scenario is pretty simple to think about. It does mean that watch towers become a lot kind of safer. And I think the incentive here in a penalty list world would be that you want to be online and your counterpart will want you to be online because that's the cheapest thing to do. So for small numbers, I think a kind of basic multi-party setup makes sense. But if you're giving to larger numbers, you probably have to think about introducing new complexity to take care of the fact that someone will probably be offline at any given moment. That's where things like channel factories comes into play and that that's more complexity and there's more time