Coinbase S-1 - Hackdot

Re:Coinbase S-1 by uncletammy on Thursday February 25, 2021 @01:14PM (#26266070)

You can't use lightning network without opening a channel. Opening a channel requires making an on-chain transaction which most of the world can't afford. Lightning network is absolutely useless on BTC. Add lightning network to a chain that isn't crippled then let's talk.

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Re:Coinbase S-1 by ohbleek on Thursday February 25, 2021 @02:25PM (#26267030)

I use the lightning network almost daily and I’ve never done that. I just use a wallet that is lightning capable and that’s it.

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Re:Coinbase S-1 by __blockcipher__ on Thursday February 25, 2021 @02:27PM (#26267067)

How exactly are you using the lightning network without an initial transaction to charge up your metaphorical gift card?

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Re:Coinbase S-1 by random_kris on Thursday February 25, 2021 @03:39PM (#26267965)

You could use a custodial solution untill you stack enough to get a channel of your own.

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