Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitUsher
on 19/02/2016, 01:30:28 UTC

you misunderstand

LN will be free ( or nearly free )

i'm saying there's a huge hidden cost to using LN, that cost is the time you'll  need to get your head around the current state of your payment channel...


0.08$ fee or 30mins of thinking


ya ~100X more expensive...

Inside secret-
Here is how a LN payment will be made by a LN enabled wallet according to the devs I have spoken too (brace yourself for the complexity of the user experience)

1) scan qr code, enter in onename id , or select user from address book
2) type in amount of payment in btc or fiat (possibly skipped if QR code enters in amt for client)
3) Select priority level
4) enter in password or pin
5) Click send

and here is another way they plan in the future:

1) tap cell phone against product and nfc picks up payment amount
2) client clicks yes on phone with optional pin