Post
Topic
Board Development & Technical Discussion
Merits 7 from 2 users
Re: Do you think the Lightning Network will succeed?
by
Rath_
on 04/01/2022, 01:11:29 UTC
⭐ Merited by o_e_l_e_o (4) ,ETFbitcoin (3)
yes LN might be doing lots of 'payments' more then 1-3 payments a day per node. but thats not to buy real goods or do real transactions. thats just for rebalance and tests and debug crap. 

so stop the propaganda rhetoric that bitcoin needs huge capacity of 2gb blocks of billions of transactions a day to support bitcoin users daily needs, where LN is supplying the demand and handling billions of transactions a day.. ITS NOT

Stop making things up.

Over past 30 days @bitfinex processed in terms of percentage of tx count [dep/wd] (for #bitcoin related transactions).

60% #Bitcoin  (L1)
34% #LightningNetwork ⚡️
5% @Liquid_BTC
1% RSK
Top line numbers: Over the past 5 months have routed over 6700 payments worth over 1.7 billion sats earning me about 900k sats in routing fees; I've spent about 100k sats in on-chain fees and rebalancing fees.

6700 payments over 5 months means an average of about 44 payments per day. Note that TheJuice's node has less than 10 BTC capacity and there are many nodes with far more channels and capacity.