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You can't do a 1 cent transaction with Bitcoin either. The future is fee less cryptocurrencies.
by zepolen 8y ago
You can't do a 1 cent transaction with Bitcoin either. The future is fee less cryptocurrencies.
- mhluongo 8y agoOf course you can- Lightning works today. If you don't believe me, our team hacked together https://ln.pizza https://ln.pizza as a demo of the tech.
- zepolen 8y agoIsn't there a Bitcoin fee to open/close a channel and then the fees involved sending via lightning nodes? Also the routing problem is starting to become an issue with the network at just ~5000 nodes - How will it scale to millions? Of course these are just the technical issues, there are others concerning centralization which always seems to end up in a monopolistic end game that end up with consumers having no choice but to pay.
- dwild 8y agoThis is exactly why I used "cryptocurrencies" instead of Bitcoin. Cryptocurrencies has the potential to solve it, it doesn't means that they all do.
- zepolen 8y agoThanks for clarifying, we're in agreement there.