Post
Topic
Board Project Development
Re: Blocks of Crypto -- a Minecraft-Crypto Concept
by
notasimp
on 11/07/2021, 07:01:33 UTC
Few concern/problem,
1. Bitcoin isn't practical for micro-transaction, decent percentage of BTC could loss to withdraw fee (even if it's 1 sat/vbyte).
2. Moderating the community who have financial motivation rather than having fun (for example, compare this forum with other forum which discuss video game/movie).
Wouldn't a solution that uses LN fix issue 1?

LN only solve the problem if,
1. The player already have channel with the minecraft server's node.
2. There's route which connect player and minecraft server's node.

If neither is available, player must create on-chain transaction to create new channel, where either player/server/both need to pay the transaction fee.

Correct. Furthermore, my understanding of the Lightning Network is that for channels with < 2 recipients (other than sender) the fee is actually bigger than if the main network was used.... didn't really read much into the technical side of the LN though.

The LN might work if the player requested multiple withdrawals without sending coins between each withdrawal to an address/recipient not on the LN.



Just a development update, haven't gotten much done. Been on a course for work since the 28th and I've been arriving home around midnight, leaving home again at 6+ in the morning, so no time or energy to work on this project.

Will begin working on it again end July. Will be drawing up proper timelines and plans for the project soon.