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I see, maybe renting a small apartment would be around 0.01~ BTC? That would be fine in LN.
😂😂😂😂 Yes.
You have to consider this:
- if you want instant settlement, use LN, even if you use it in small chunks.
- if you do not want instant settlement and you could wait for final confirmation, then is OK onchain, but do not use onchain for small amounts (smaller than 100k sats I would not do onchain).
So if you need to pay rent, let's say 0.01BTC, is OK to pay it onchain. The landlord then will consider it done, when will have 6 confirmations and also can wait for them, even that can take 1 day. Is not a big deal. He can see that is a pending tx and your intentions are good. In this case yes, there's a bit of trust, because if you try to scam him, he could come back to you and say "hey your payments was cancelled, pls can you do it again?"
I thought it was another scenario with a stranger that sells you some product online or something.
I tend to get comfy with my scenarios, a sofa will always be nearby... 🥸
For a stranger on the street of course waiting hours or more to see a tx is hell, at least if they don't offer you something to drink in the meantime.
LN payments always should be the 1st option. But if the amount is higher, let's say 0.5 or 1BTC, I would go for onchain tx.
Indeed, LN payments are instant settlement. Once are done, there's no way back.