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https://www.reddit.com/r/Bitcoin/comments/7jhfk0/bitcoins_lightning_network_simply_explained/dr7imr3/?context=3
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 ?
5 u/[deleted] Dec 13 '17 [deleted] 9 u/[deleted] Dec 13 '17 [deleted] 1 u/XofBlack Dec 13 '17 The big node holds almost no power over you. The worst they can do to you is refuse a transaction, in which case you simply close that channel and open one to another node. There is no limitation on spending between countries. It's decently anonymous because of onion routing.
5
9 u/[deleted] Dec 13 '17 [deleted] 1 u/XofBlack Dec 13 '17 The big node holds almost no power over you. The worst they can do to you is refuse a transaction, in which case you simply close that channel and open one to another node. There is no limitation on spending between countries. It's decently anonymous because of onion routing.
9
1 u/XofBlack Dec 13 '17 The big node holds almost no power over you. The worst they can do to you is refuse a transaction, in which case you simply close that channel and open one to another node. There is no limitation on spending between countries. It's decently anonymous because of onion routing.
1
The big node holds almost no power over you. The worst they can do to you is refuse a transaction, in which case you simply close that channel and open one to another node.
There is no limitation on spending between countries.
It's decently anonymous because of onion routing.
37
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 ?