Quote from: LoyceV on November 13, 2020, 03:30:33 PM

Quote from: Wind_FURY on November 13, 2020, 02:58:15 PM

Then if adopted, will the Lightning Network's fees not be "unfairly cheap" forever?

Unlike on-chain transactions, off-chain transactions aren't limited in capacity, so market mechanisms should lead to an equilibrium between cost and profit. If fees go up a lot, new parties can join the LN-routing-market and fees will go down again until there's a new equilibrium.

Isn't that the same as mining, hashing power, and demand? Because offchain channels are also as limited as the amount of capital, the Bitcoins held, the users have.

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Is there some truth to what some people said that LN fees might be more than some altcoins' fees, because of limited capital, opportunity cost, and demand?

Yes

An XLM transaction for instance costs 0.00001 XLM, which is about $0.0000008 or 5 msat (0.00000000005 BTC). There's no chance and no need for Bitcoin to compete with this, because it's Bitcoin, and not some altcoin.

The "centralized shitcoin, with the broken incentives" comparison, but I understand your point. Cool