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"You need to lock up large amounts of bitcoin in these channels for significant amounts of time." That's actually false. The protocol actually limits channels
by grubles 9y ago
"You need to lock up large amounts of bitcoin in these channels for significant amounts of time."
That's actually false. The protocol actually limits channels to a fraction of a bitcoin currently (something like 0.1 or maybe even 0.01 BTC).
- UncleEntity 9y agoI think they mean across all channels implying some "velocity of money" fallacy harming the bitcoin network.