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RE: My first experience ever with BITCOINS’s LIGHTNING NETWORK – PAINS and GLORY!

in #bitcoin7 years ago

Hi @hotsauceislethal,
You can open a channel with less than $10 and play a bit with it like I did. I'll open more channels later to get some t-shirts or something cool, never risking more than $20. Actually that's what the LN is good for, small payments, the Bitcoin network is already good enough for large payments. It's a very small price to pay to play with history ;) There's still a long way to go but the signs so far are encouraging. I do believe though that most people will never open a channel themselves, they will use channels opened by companies like I say in my article. Just like most people never know what ACH or Swift are with the banking system yet still use them. regards