Re:402 Payment Required, and why micropayments are doomed
by thinkmassive on Tuesday May 19, 2020 @10:20PM
(#23242652)
Sounds like a good opportunity for a hub to connect micropayments merchants and consumers. Consumers can open a $10 channel, merchants open larger channels based on volume, and the hub provides rebalancing services for a tiny fee.
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Re:402 Payment Required, and why micropayments are doomed
by ChainOfFools on Tuesday May 19, 2020 @10:44PM
(#23242781)
well sure, why not. this decentralization thing is mostly a fiction anyway, might as well re-centralize our superficially p2p money network back into a p2h2p model, since that actually works.
Re:402 Payment Required, and why micropayments are doomed
by CodeShmode on Wednesday May 20, 2020 @01:11AM
(#23243487)
The handy thing about LN is that we can have that model without having to trust the hub in the middle. If there's a disagreement of the state of the funds in the channel it falls back to regular bitcoin transactions to resolve it.
If such a hub does this too much then they'll have trouble getting others to commit funds to a channel to them.