Post
Topic
Board Bitcoin Discussion
Re: Satoshi Nakamoto: "Bitcoin can scale larger than the Visa Network"
by
franky1
on 09/03/2016, 17:48:26 UTC
with the 1MB blocks currently all full, i seriously doubt thats true.

what happens when a payment channel with 10,000TX needs to be settled on the blockchain?
My statement is wrong (read above). However, the answer to your question is: It needs 1 transaction on-chain (to close the channel).

30 million users making a transaction..each.. ONCHAIN to lock their funds into LN

then 1 transaction ONCHAIN filled with 30million-60million outputs to settle the balances with the destination while also returning the 'change' to the originator meaning atleast 2 outputs. destination and origin, for every input.

now do the maths