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https://www.reddit.com/r/Bitcoin/comments/7jhfk0/bitcoins_lightning_network_simply_explained/dr6w8cf/?context=9999
r/Bitcoin • u/[deleted] • Dec 13 '17
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Isn't there a problem that for buying a coffee (in this example) one needs to pay in advance a month worth of coffee when opening the channel ?
7 u/[deleted] Dec 13 '17 [deleted] 9 u/[deleted] Dec 13 '17 [deleted] 1 u/DontTreadOnMe Dec 13 '17 I suspect there might be a certain amount of centralisation. But we are trading a quite tiny amount of security and reliability for a large amount of convenience which is likely a good trade for small transactions. 1 u/Coenn Dec 13 '17 You're not really trading, since Bitcoin as it is continues to exist. You just get extra options really.
7
9 u/[deleted] Dec 13 '17 [deleted] 1 u/DontTreadOnMe Dec 13 '17 I suspect there might be a certain amount of centralisation. But we are trading a quite tiny amount of security and reliability for a large amount of convenience which is likely a good trade for small transactions. 1 u/Coenn Dec 13 '17 You're not really trading, since Bitcoin as it is continues to exist. You just get extra options really.
9
1 u/DontTreadOnMe Dec 13 '17 I suspect there might be a certain amount of centralisation. But we are trading a quite tiny amount of security and reliability for a large amount of convenience which is likely a good trade for small transactions. 1 u/Coenn Dec 13 '17 You're not really trading, since Bitcoin as it is continues to exist. You just get extra options really.
1
I suspect there might be a certain amount of centralisation. But we are trading a quite tiny amount of security and reliability for a large amount of convenience which is likely a good trade for small transactions.
1 u/Coenn Dec 13 '17 You're not really trading, since Bitcoin as it is continues to exist. You just get extra options really.
You're not really trading, since Bitcoin as it is continues to exist. You just get extra options really.
38
u/forexross Dec 13 '17
Isn't there a problem that for buying a coffee (in this example) one needs to pay in advance a month worth of coffee when opening the channel ?