Re:Ending Bitcoin Support
by wmf on Tuesday January 23, 2018 @08:52PM
(#16219700)
Thanks for posting those infographics; they answer some lingering questions that have lain unanswered for years. I still see one problem, though, which is that the few on-chain transactions that are required (such as topping up a channel) will be far more expensive than in those other blockchains. Like $20 vs. 20 cents. So there are plenty of scenarios where LN fees will still be higher overall.
[ Parent
| on HN ]
Re:Ending Bitcoin Support
by nosuchthingtm on Tuesday January 23, 2018 @11:36PM
(#16220349)
Other chains are cheaper because they have fewer users or higher trust/censorability.
With LN there are less transactions on-chain which reduces fees. Also, finally the temper-tantrum throwing core-supporters are quickly realizing that a block size increase is absolutely necessary going forward