Re:Goldman Sachs Report Explores Use of Bitcoin as Currency
by GenericsMotors on Tuesday January 16, 2018 @04:56AM
(#16156980)
> Not sure why you and the other person mentioning lightning have been downvoted.
Because it's a ridiculous proposition. Just opening and closing a channel will require a transaction on-chain, with the accompanying fees.
And if someone sends you coins, you can only spend them if there's a route to whoever you want to pay, otherwise you have to close the channel....and again pay the damn fee.
Lastly: it's not even a network. A network implies that there are multiple connected nodes, and AFAIK the number of merchants using LN in production is exactly zero.
Because it's a ridiculous proposition. Just opening and closing a channel will require a transaction on-chain, with the accompanying fees.
And if someone sends you coins, you can only spend them if there's a route to whoever you want to pay, otherwise you have to close the channel....and again pay the damn fee.
Lastly: it's not even a network. A network implies that there are multiple connected nodes, and AFAIK the number of merchants using LN in production is exactly zero.