Lightning will never catch on as it basically demands that everyone who uses it to become a speculator. Payment hubs and merchants will be at the mercy of the bitcoin price while their funds stay locked up in payment channels. This idea is a dead-end.
On 10 August 2015 at 22:43, Adam Back via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > In terms of usage I think you'd more imagine a wallet that basically > parks Bitcoins onto channels at all times, so long as they are > routable there is no loss, and the scalability achieved thereby is > strongly advantageous, and there is even the potential for users to > earn fees by having their wallets participate in channel rebalancing > (where hubs pay users to rebalance channels - end up with the same net > position but move funds from one user-owned channel to another.) > Exchange deposit, withdrawal, payments, even in-exchange trades can > usefully happen in lightning for faster, cheaper more scalable > transactions. > > Adam > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev >
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