[ogogmad]

Hi Grubles!

Question: How do you think people will use BTC in the future? Do you think people will ever be able to buy coffee with it?

[garmaine]

No, because people don’t use highly volatile speculative assets for everyday transactions.

But I know you’re referring to the transaction fees, and it would only be fair to point out that the cost of a lightning transaction is a few cents.

[lawn]

And it is only fair to point out that to use lightning you first need an on-chain transaction to enter it, and then you need to have another one in reserve so you don't lose your money. And then you need another one if you want to top it up with more money. And if the node you connect to goes down or you can't find a route you need to open a new channel...

Or you use a functional cryptocurrency that don't have these ridiculous limitations.

[garmaine]

“A few cents” was the amortized cost of those transactions, if the lightning channel is indeed used for everyday activities.