Re:Lightning Network Skepticism
by martindevans on Friday December 25, 2015 @02:35PM
(#10792099)
Roughly: LN allows you to transact instantly, but with a limited group of people (it takes one normal bitcoin transaction to setup your group, but then transactions are instant). Whereas bitcoin allows you to transact slowly (block confirmation time, i.e. ~10mins) with anyone.
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Re:Lightning Network Skepticism
by pstrateman on Friday December 25, 2015 @03:50PM
(#10792321)
Actually it lets you transact instantly with anybody you can construct a route to.
That should be essentially everybody with even a pretty loosely connected graph.
Re:Lightning Network Skepticism
by mrblockchain on Saturday December 26, 2015 @02:50AM
(#10793614)
How do you know? There isn't even a working prototype yet!