Coinbase booked $1B in revenue last year, has told hovering VCs to back off

Re:Coinbase booked $1B in revenue last year, has told hoveri... by thefourthchime on Monday January 22, 2018 @07:39PM (#16209704)

I think the biggest thing that needs to happen is Lightning Network. If it works like it should it'll be the end of slow transactions / high fees.

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by ActsJuvenile on Monday January 22, 2018 @08:14PM (#16209951)

Loading and unloading Lightning channels creates separate transactions. Depending on how often an open channel is used, Lightning can increase the transaction load.

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by gruez on Monday January 22, 2018 @09:08PM (#16210289)

needlessly opening/closing channels also costs transaction fees, so as long as most users are rational, this wouldn't happen (too often).

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by Blindedwino on Monday January 22, 2018 @08:03PM (#16209874)

Haha, good one.

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Re:Coinbase booked $1B in revenue last year, has told hoveri... by AluminiumPoint on Tuesday January 23, 2018 @01:37AM (#16211514)

Good one? It works, made a purchase this weekend ($4 stickers), channel cost $2 to create with a segwit tx. From then I can send/receive transactions for 1 satoshi.

LN is here. Watch it grow!

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