Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
adamstgBit
on 19/07/2016, 18:38:45 UTC
Right. You understand that the benefits of LN are actually negative if you open a channel, make two transactions, and close it?
Why can't they be like other grownup businesses, do the whole thing off-chain, as if it was USD, and bill each other at the end of the month? Or do you think everything* surrounding Bitcoin should be trusttless and as complicated as possible?
Yes i understand.
Yes i believe cheap instant trustless systems are superior.

 
Quote
if users tend to send BTC to and from TheRock and BFX such that the amount coming in / going out of BFX is always  balances out then they can keep the channel open with like 50BTC indefinitely.

As soon as two 50 BTC transactions go in one direction (as is usually almost always the case with arbitrage), say bye bye to that "balance."


they will not allow users to utilize LN channel for large payments, >XBTC  TX will go through the blockchain.