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Have you seen how much a lightning transaction costs?
by robcohen 6y ago
Have you seen how much a lightning transaction costs?
- EGreg 6y agoHave you? Can you get to the point?
- xur17 6y agoI have. For small payments, something like $0.0001 - $0.0005 is reasonable to expect.
- lawn 6y agoHave you seen how much opening a lightning channel cost? And opening a second channel, if you cannot find a route to your merchant? How about refilling your channel? Or how to close it, if a malicious node wants to steal your funds? That's right, it will all cost the same as a Bitcoin transaction. And how about receiving a lightning payment? Well... The merchant need to have a balance so he can accept your payment(!) Yes, that's another Bitcoin transaction right there. Or if you're lucky you can find someone who'll give you liquidity (for a fee of course). It's debatable if micropayments will ever take off, but lightning never will.