5 ms·
I guess you should be reminded that lightning does not require intermediaries, and informed that the fees associated with long term operation of a lightning cha
by mw888 5y ago
I guess you should be reminded that lightning does not require intermediaries, and informed that the fees associated with long term operation of a lightning channel are negligible. Even in the case of premature settlement due to counter-party attacks you are paid out the full channel balance and therefore almost always profit in such a scenario - opening a channel with less counter-party collateral then an on chain fee is simply avoided to enable profit or recuperation every time.
- titoCA321 5y agoAre merchants and businesses that accept cryptocurrency payments converting to US currency immediately or do they hold and convert at the opportune time whether that time is related to market values, exchange rates, tax/accounting purposes? Other than securing the wallet, there's no carrying costs for whatever amount of cryptocurrency a merchant holds? It's not as if you don't hold a minimum amount in your business account, the bank levies fees since you deposit money so they can lend it back out and charge borrowers 10x as much.