Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gab0
on 15/12/2017, 23:56:48 UTC
Is it necessary to quote the title of White Paper? Can you offer a reference in which Satoshi affirms what you say? I do not think that 10 dollars will be included in the catagory of micro payment. LN will be useful for real micro payments, cents or even less.

Sure:

Bitcoin isn't currently practical for very small micropayments...not things needing to pay less than 0.01.



That statement is out of context. He meant that he was not efficient at that moment.
Look what it says a little later.


Bitcoin isn't currently practical for very small micropayments.  Not for things like pay per search or per page view without an aggregating mechanism, not things needing to pay less than 0.01.  The dust spam limit is a first try at intentionally trying to prevent overly small micropayments like that.

Bitcoin is practical for smaller transactions than are practical with existing payment methods.  Small enough to include what you might call the top of the micropayment range.  But it doesn't claim to be practical for arbitrarily small micropayments.