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Surely suppliers want to be paid? Accumulating a huge pile of IOUs is of zero benefit to someone who has actual real-world costs, such as taxes, payroll and cap
by johnday 5y ago
Surely suppliers want to be paid? Accumulating a huge pile of IOUs is of zero benefit to someone who has actual real-world costs, such as taxes, payroll and capital outlays.
- TekMol 5y agoWhat do you mean by "be paid"? Usually, one is "paid" when "the money is in the bank", right? And this is what happens here. The initial step is to create a bank and then "payments" happen there. As for how to pay someone who is not "customer" of this bank, see my answer to this question: https://news.ycombinator.com/item?id=29227788 https://news.ycombinator.com/item?id=29227788
- jessaustin 5y agoLots of firms, especially those whose value is based partially on "predictable" profits, want to schedule payments in Q2 rather than Q1.
- danlugo92 5y agoLightning transactions are final. Anything else is FUD.