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Author Topic: Bitcoin's maximum block size  (Read 3918 times)

Offline NotATether

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Re: Bitcoin's maximum block size
« Reply #30 on: June 28, 2024, 08:03:33 AM »
Those are valid points. Although LN is created to make micropayment quickly and cheap rather than sending huge transaction. And in practice, it's more suitable if you frequently send/receive payment with other same party. Sidechain is probably better option if you want to make huge transaction, although lack of adaption makes it less practical.

But who is going to send payments to you when you are sending so much?

That's the heart of the problem. As people have no reason to send payments to you if you are not offering some kind of service or fundraiser.

I think that's the main reason why Lightning hasn't fully taken off yet, because most people are consumers, and this kind of configuration really only helps producers.
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Re: Bitcoin's maximum block size
« Reply #30 on: June 28, 2024, 08:03:33 AM »

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Offline ABCbits

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Re: Bitcoin's maximum block size
« Reply #31 on: June 28, 2024, 11:08:25 AM »
Those are valid points. Although LN is created to make micropayment quickly and cheap rather than sending huge transaction. And in practice, it's more suitable if you frequently send/receive payment with other same party. Sidechain is probably better option if you want to make huge transaction, although lack of adaption makes it less practical.

But who is going to send payments to you when you are sending so much?

That's the heart of the problem. As people have no reason to send payments to you if you are not offering some kind of service or fundraiser.

I think that's the main reason why Lightning hasn't fully taken off yet, because most people are consumers, and this kind of configuration really only helps producers.

On theory, LN routing supposed to help that problem where the receiver want send coin to other people where you're in between of them. But it's also far from practical since a customers usually only connect to few producers.

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Altcoins Talks - Cryptocurrency Forum

Re: Bitcoin's maximum block size
« Reply #31 on: June 28, 2024, 11:08:25 AM »

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