Post
Topic
Board Development & Technical Discussion
Re: Don't we need to increase block weight/size?
by
Carlton Banks
on 15/01/2018, 13:23:17 UTC
what happens when you close the channel after Alice sends Bob $2 does it result in

1. Next to no fees
2. Bob having to pay $30 to miners as his Tx hits the block
3. Both Bob and Alice having to pay the Bitcoin miners $30 each

There's no advantage to closing the channel having used it once. So

4. Channel stays open, 0 fees


Wallets and Hubs are not the same thing

Anyone can become a Bitcoin bank, just open a wallet or a Lightning channel


And it went on to say "Virtual free transaction fees"

Lightning will be free. Or virtually free.

And my Lightning node won't charge fees, alot of people will do this to encourage the network to be better connected. Probably alot of traffic will get routed through free Lightning nodes (why pay?). Someone trying to charge high fees is gonna have a hard time competing with that.

You don't know how it works, basically. Please learn, you sound crazy.