Re:Wikipedia RFC to stop accepting cryptocurrencies passes b...
by sparkie on Wednesday April 13, 2022 @07:40AM
(#31013495)
I think you misunderstand the Network part of the Lightning Network. It is not necessary for users to have a direct payment channel to Wikimedia in order to donate to them. They just need to have an active channel to anybody in the network who is capable of routing a payment request to Wikimedia's node.
The assumption is that Lightning users already have active open channels to other nodes in the network, and so making a new donation to Wikimedia would not require any additional channel opening, and no on-chain activity.
Re:Wikipedia RFC to stop accepting cryptocurrencies passes b...
by Aachen on Wednesday April 13, 2022 @12:58PM
(#31017087)
Thanks for clarifying that! Now that you mention it, I remember reading that but forgot it again somehow. That does (positively) change how well this can work without compromising the whole idea behind bitcoin.
Or, if the on-chain parties are just Wikipedia and a few big payment service providers to avoid that everyone has to do the setup individually, you've basically reinvented paypal credits or, less evil-ly, liberapay.