Post
Topic
Board Bitcoin Discussion
Re: BTC as "every day" spending currency vs. 10 min Block Confirmation/Mining time
by
Rath_
on 26/12/2021, 22:10:33 UTC
(success:fail  143:389)
oh and his payment fails. were all of amounts under 9000000000millisat (rounded/converted under 0.09btc)

Sure, my node failed to route 389 payments. Some of them were probing attempts, some failed at a further point in the route and others could not be routed because I didn't have enough coins on my side in the outgoing channel. However, those were not my payments. I keep my fees fairly low compared to other nodes so no wonder why I am getting a lot of routing attempts. Anyway, my point is that my node failed to route 70% of the payments, but it doesn't mean that LN failure rate for transaction smaller than 0.09 BTC is 70%. You can't tell if another attempt for the same transaction was successful or not.

I still haven't shared my stats for December, but you will be delighted once you see them. I didn't have much time this month to adjust my fees and rebalance my channels so my node failed over 300 payments mostly due to no liquidity.

because the altnet LN does not confirm transactions(THEY ARE UNRELAYED/OFFCHAIN). its the same risk as accepting a zero confirm transaction on bitcoin.. so why wait if all you are selling is coffee.

No, if you accept a zero-conf transaction and the other party cheats, you have no way of penalizing them. If someone broadcasts an old channel state, you can publish a penalty transaction.