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If I pay for something using LN am I going to find it a superior experience to paying with cash or card, or am I going to find it a cumbersome experience for wh
by canoebuilder 9y ago
If I pay for something using LN am I going to find it a superior experience to paying with cash or card, or am I going to find it a cumbersome experience for which I am charged an exorbitant fee?
- VMG 9y agoThe goal is to make it simple and inexpensive. Since it supports microtransactions in the sub-cent range and is irreversible, it would beat credit cards in those regards. The most expensive step would be opening a channel, but there is work on reducing that cost.
- ozmbie 9y agoThere is upfront work (first you need some bitcoin, then you need to make an on-chain transaction to open a payment channel) but after that, lightning payments are trustless, instant, and with small fees (it's designed to support micro-payments). But right now this is still VERY early in development.