pull down to refresh

3 sats \ 3 replies \ @SimpleStacker 23 Jul 2022 freebie \ on: Payment Systems And Their Fees bitcoin
I'm guessing these calculations don't factor in the cost of settling funds on chain though?
write
preview
0 sats \ 2 replies \ @kr OP 23 Jul 2022
correct, this is just the cost of using different payment systems
reply
99 sats \ 1 reply \ @SimpleStacker 23 Jul 2022 freebie
I'm guessing even if you factored it in, it wouldn't change the story too much, since on chain fees are pretty low, and you're unlikely to need to open or close channels too often
reply
7 sats \ 0 replies \ @kr OP 24 Jul 2022
true, i suspect a lot of new bitcoiners in the coming years will have their very first interactions with bitcoin via lightning too… the concept of a base blockchain might not even matter to them
reply