Post
Topic
Board Bitcoin Discussion
Re: Bitcoin lightning nodes, 240% per year? What am I missing
by
pooya87
on 02/07/2018, 02:35:15 UTC
I recently came across this article regarding setting up a bitcoin lightning network node which was highly up voted on Reddit
107 upvotes is hardly "highly upvoted"
https://www.reddit.com/r/Bitcoin/comments/8toaze/the_lightning_network_a_huge_opportunity_to_learn

Quote
by this guy presumably from lightning labs
i can not find any affiliation between the author (Marc van der Chijs) and Lightning Labs. if i am missing it please give me the link.

unfortunately i can't answer your questions but i feel like he is exaggerating some stuff for some reason and people on reddit are also skeptical about it.
the thing about LN is that it is like a competition for lower fees. so if a node is asking for a high fee it will be ignored and the other nodes will be used with a lower fee. (the cheapest route will be chosen). so i don't think the returns he is promising are possible, at least not now with low number of transactions on LN. maybe in a year when there are millions tx/day we can see higher returns.