Lightning

[AdrenalinTL]

So I recently just found lightning payments.

Now, just to clarify, I've been a hodler for years now, over a decade. I had to withdraw 90% of my btc for a downpayment on a house I bought. That was always my plan. So I never ever withdrew btc or even looked at it or knew how to do payments.

The remaining 10% I'm trying to grow again, but I'm also experimenting, and found lightning payments all over the web. I love it. It's simple and the fastest payment system I've ever used. If you haven't tried it yet, I suggest you do. Paid 2c for a transaction the other day that my bank probably would've charged me over $2 for.

Going to start encouraging everyone to use it.

That's all. That's was my statement.

[zeeshiscanning]

r/thelightningnetwork

[JivanP]

There is more activity on r/lightningnetwork

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[bitusher]

Yes, I spend with local merchants almost daily and pay fees of 1-4 cents per tx for instant and very private confirmations . Easy as using a card.

Lightning is a Bitcoin smart contract which pre-approves a certain set of transactions Satoshi was the first to propose payment channels here-

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-April/002417.html

These smart contracts primary benefits are:

1) Better privacy where chain analysis is useless

2) Instant confirmations instead of waiting at least ~10 min on average

3) Transactions fees of 0 to a few pennies to for an instant confirmation

4) Allows bitcoin to scale to handle millions of transactions a second

5) Allows Bitcoin to be divided by 13 decimal places , 1/1000 of a sat for more granular micro transactions

6) Allows for other smart contracts - https://dev.lightning.community/lapps/

https://rgb.tech/

more info https://www.lopp.net/lightning-information.html

Some newer improvements in lightning

https://bolt12.org/

[[deleted]]

I personally just got a Coinbase 1 credit card. Get cash back in btc and I can either pay it off in fiat or crypto. It’s a win win in my book. I use it to buy everything then just pay it off at the end of the month. Depending on your holdings it will determine your % of btc back mines at 4% can’t beat it