Post
Topic
Board Development & Technical Discussion
Merits 5 from 2 users
Re: The Lightning Network FAQ
by
Timelord2067
on 16/07/2021, 12:59:02 UTC
⭐ Merited by LoyceV (4) ,JayJuanGee (1)
"If someone gifted me BTC 10.0 (  Grin ) I probably would open a thousand channels with BTC 0.001 capacity."  ( It'd probably be more likely BTC 0.0011 per channel to enable 0.001 to be sent in one piece - per channel and the other 0.0001 to cover opening/closing fees...)

In my opinion, 0.001 BTC per channel is too little. You would quickly run into liquidity problems and most of your channels would be unbalanced. Still, that's a better strategy than none! It might actually work to some extent.

Basically, I'd be looking at cornering a portion of the low end $1 - ~$30 transactions - I'd cover all gaming sites, low cash payment sites such as coffee or snack foods and would tap into nodes with about 20 - 50 open channels.  Let even smaller operators with less than twenty channels connect to those smaller nodes then my BTC 10.0 block would be like a cross city expressway.