4 ms·
Transaction fees come from the miners who will put your transaction in a block and mine it for you. Creating your own reserve changes nothing for this. Unless
by ashtonkem 5y ago
Transaction fees come from the miners who will put your transaction in a block and mine it for you. Creating your own reserve changes nothing for this.
Unless if you’re going to do a bunch of off chain stuff, which seems pointless.
- spmurrayzzz 5y agoLightning network liquidity should actually help solve this. If you maintain a reserve and open a ton of payment channels for folks (those HTLCs are all on-chain), this drastically reduces impact of confirmation time and fees.
- wokwokwok 5y agoShould? Is that a speculation? Surely if they’re not doing this for the first time ever on an entire country? Someone has already used a large scale lightning network before right?
- brianobush 5y agoSix million is not a huge country. The current lighting network can handle millions of transactions per second.
- lottin 5y agoHas it handled millions of transactions per second before? Last time I checked (2019) it was processing 5,000 transactions per month.
- ashtonkem 5y agoThat’s been the claim for a while, yes. But actually delivery of said promises has always been “soon”. And while six million isn’t a huge country comparatively, I personally would be mighty pissed off if my entire country was used as a massive financial experiment for crypto enthusiasts.
- reedjosh 5y agoSee El Zonte or Bitcoin Beach.