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0 sats \ 0 replies \ @BallLightning 16 Dec \ on: Sunday Survey: What denomination do you prefer? bitcoin
Bitcoin and sats. Although I find it a little awkward that 100 000 000 stas is one bitcoin (the number of zeroes does not divide by 3), but that's what it is.
You can't really use bitcoin as unit of account, until things you buy start being priced in sats. Up until now the only thing I have seen priced in sats was the defunct wallet mutiny's mutiny plus subscription.
I have that and used it for other use cases, but unfortunately with lightning address you can't have proof of payment (preimage connected to a specific amount paid). And I also need that.
I might do this in the future, but currently this is too much friction for me. I don't have a device to run my own node on.
Unfortunately I have a real (although not very important) use case of sender and receiver not being online at the same time (due to different schedules and timezones). I thought pending HTLC, although frowned upon, are permitted (so called hodl invoices).
My country went from paper cash directly from the employer to debit cards. We somehow skipped the checks.
First I don't have a lot of money, so running my routing node is out of the question. Second, nobody can prevent anyone from running their own routing node. Third, most of the lightning network currently is composed of nodes that are dedicated to lightning, not just as a byproduct. Fourth, if people start routing ONLY as a byproduct of their business, than the question still stands. How much money will the business keep in it's channels? Will they have onchain funds at all?
Hm... I don't know. Know i remember thant when i experimented with it I only conerted between onchain btc and liquid. And it required a few confirmations in order to proceed
I am asking about public node (I don't have a lot of money, so it's just a curiosity). Since for routing it seems like the more money you have providing liquidity, the better in every way (fee income, increasing the ln resilience, more available routes for payment, higher transaction amounts possible, more channels are possible increasing ln connecticity... everything).