Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by aaronhayes on Friday June 25, 2021 @05:23AM
(#27628666)
But over the lightning network it will be close to free
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Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by robjan on Friday June 25, 2021 @06:05AM
(#27628892)
They'd still have to open 6M channels which would create the same number of transactions on the Bitcoin Blockchain
Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by errantmind on Friday June 25, 2021 @03:59PM
(#27635520)
This doesn't seem factually accurate. Please support this claim with more information and preferably a citation. This isn't how LN works to my knowledge.
Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by robjan on Saturday June 26, 2021 @06:28AM
(#27640732)
What I said is factually accurate. It's mentioned on the homepage of the lightning network website in the "How it Works" section. Why would you challenge my statement when you haven't even read the basic information?
Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by errantmind on Saturday June 26, 2021 @06:45AM
(#27640802)
Because you left out some information. These channels only have to be opened once, and at current prices this is around 40 cents. It costs a lot more to both open a bank account and send money from a -> b.