Post
Topic
Board Bitcoin Discussion
Re: Is it worth hosting a lightning node?
by
franky1
on 24/06/2020, 18:36:51 UTC
Alex Bosworth shared that his node charged 0.25% per transaction and routed about $10,000/month which translates to earnings of about $25/month. He didn't say which node he was referring to, but since he is the CEO of yalls.org, we can assume that it was this one. That is actually interesting because of the significantly smaller capital.  

remember the dream. remember the promise of LN being the route to 'sub penny tx's

remember in 2015 when people were saying their $30  was costing them 10cents onchain and things needed to be done to get it under a penny.
remember the promise of onchain discounts

wel onchain fees are ~$2 each
and a $30 LN is 0.1 - 0.25% = 3-9cents
so not even sub pennies.

seems the commercial businesses operating LN and have been pushing for LN for many years now. are already trying hard to get profits. all at the cost of user experience of a financial system that was suppose to break away from the corruption of the commercial fiat system

but hey.
many many people know of all the bugs of LN and are actually making more money by abusing the flaws than they do from operating an ethical business of economic benefit.

the unbanked countries of the world that earn 3-9 cents an hour are already laughing that LN is not fit for them.
long gone has the perception that bitcoin. is for the unbanked. because the commercial businesses stifled bitcoin to promote their LN network as the system for the unbanked. and already before LN is even out of beta testing LN is failing to fulfil that promise