Oh, I meant to say.
Current fees are about 1.50 GBP to open a channel, about 80p for a payment transaction to buy the book.
On-chain fees are the tricky part about Lightning. A couple of quid to close a channel isn't so bad but if price goes up and blockchain-congestion goes up. Say 20x between the two factors?
Fifty quid to open and close a channel?
Better hope there's more than 50 quid in it.
Scaling to global money still ain't fixed. Quite liked the discussion on WBD about scaling last week.
https://www.youtube.com/watch?v=seOK8CujQQI
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Not everyone wants sovereign money. In fact the majority don't. I don't see a problem unless the masses wake up to self sovereignty. If that happens I think the technology will happen without the fear of things like a CBDC being used on bitcoin.
