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What do you mean by "compliance" issues? If you meant that the sum of money you send cannot trigger someone, somewhere to check to make sure the transaction is
by scott_s 7y ago
What do you mean by "compliance" issues? If you meant that the sum of money you send cannot trigger someone, somewhere to check to make sure the transaction is legit, and we're assuming a transfer from a "normal" bank to another, then I would guess on the order of $10,000. But companies and organizations routinely transfer millions and billions between normal banks. Yes, the transactions may cause someone or many someones to investigate, but the transfers still succeed.
- askmike 7y agoWhat does OP mean with "liquidity issues"? Lightning is a routing network, and you can connect directly to your counterparty, circumventing all potential liquidity issues. > But companies and organizations routinely transfer millions and billions between normal banks Just like companies have direct lightning channels between each other, they can send billions of they please.
- ppf 7y agoYou're being disingenuous. A channel needs to be already funded before a transaction can happen, with an amount at least the size of the transaction. So, to transfer billions, you need billions more to first fund the channel. A quick search shows that most channels currently have less than $100 in them, limiting how much you can send without prior arrangement.
- askmike 7y ago> A quick search shows that most channels currently have less than $100 in them, limiting how much you can send without prior arrangement. Note that not all channels are public, so you won't find all in searches. I'm only saying that you shouldn't be worried about lightning liquidity if you can directly connect to your counterparty - as you can directly transact with that party without relying on any liquidity from anyone else.