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LN now has routing, so you can open a single channel with a well-connected node and transact with everyone. They will charge you a fee for this, but it is on th
by thescriptkiddie 5y ago
LN now has routing, so you can open a single channel with a well-connected node and transact with everyone. They will charge you a fee for this, but it is on the order of 1/100th as much as a regular bitcoin transaction.
- bruce343434 5y agoStill all sounds really complicated, obtuse and unnecessary. They should've went with a cryptocurrency which is actually usable out of the box as a... currency.
- rawtxapp 5y agoAnd that crypto would be?
- bigphishy 5y agonano to name one
- rawtxapp 5y agoWhy? Are you saying that countries should start adopting a crypto with a market cap of barely 1B$, that's been around for a less amount of time, that's significantly less battle tested and that never recovered to it's all time high value? Do you think that the only thing that matters for crypto is speed and fees? You don't think trust/security/decentralization have any value? Bitcoin chooses trust and security above everything else, as it should. Then you can have layers on top where you transact at the speed of network packets.
- bigphishy 5y agoMonero or ethereum, both superior to bitcoin in every way.
- anonporridge 5y agoThe one that just suffered a massive spam attack despite having less than $1 billion of value accrued on it? https://www.coindesk.com/nanos-network-flooded-spam-nodes-out-of-sync https://www.coindesk.com/nanos-network-flooded-spam-nodes-ou...
- ddtaylor 5y agoRouting in LN has a bit of a problem where sometimes it can't find a route though. My understanding is that it's an NP complete problem and it's approximation in practice leads to the dreaded "unable to find route" problem.