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by woah 3802 days ago
The fact that every transaction ever is saved for ever harms microtransactions. Luckily nobody actually uses Bitcoin, especially not for microtransactions. The network can't handle more than 3 transactions a second, and luckily it doesn't have that volume. Lightning is the only thing that can actually make Bitcoin more performant than a small VPS with postgres, if it is something that people want.

Also, "Lightning-like" channels aren't unique to Bitcoin- they can be implemented on Turing-complete currencies, and even on bank servers[1]

1. http://altheamesh.com/blog/universal-payment-channels/