Post
Topic
Board Bitcoin Discussion
Re: high bitcoin fee!!
by
BADecker
on 20/07/2018, 15:36:27 UTC
Perhaps the launch of the lightning network can reduce the cost of bitcoin very well, which is a key factor restricting the rapid development of bitcoin.
Lightning network isnt fully implemented yet maybe in the future the fee is almost non existent if we use LN. people can just go create a segwit wallet to save fees while merchant migrate to LN.

The problem with Lightening is, when anybody closes out his network, he breaks up the whole group of Bitcoiners who operated through him. If the fee were his every time his network was used, he would have incentive to not close out his network. The problem is that when there are a lot of inter-joined networks, who gets the miner's fee, and how is it split up? And what is to keep a network "owner" from shutting down his network, anyway, and inconveniencing everyone?

By the time these points are figured out, the LN scripting will be so large, and the interconnections so scrambled, that nobody will be able to run the client on his computer, and centralization (the thing we are trying to avoid) will be back. Get rid of the stupid miner's fees, and go back to charging a simple fee for running your own exchange operation, where everything is easy and as transparent as anybody can make it.

Cool