Replying to Avatar Wicked

It’s pretty ridiculous that we’re now sending each other magic internet money instantly and free, as little as 1 sat at a time, on a decentralized purple ostrich messaging protocol turned social media app and people still think Bitcoin is too old and too slow.
Avatar
christo 2y ago

So is there a max limit on lightning

Reply to this note

Please Login to reply.

Discussion

Avatar
Wicked 2y ago

At the moment, it’s limited to the liquidity in your (or your custodians) channel sizes. This will become greatly enhanced with future updates though…I’m most excited for splicing, which will allow users to splice bitcoin in and out of LN channels on the fly while the channels remain open.

Avatar
christo 2y ago

I haven't used lightning before nostr, can't believe how slick it is and instantaneous.

Afaics there's no fee, so if you were moving 25m sats would there be a graduated fee as the amount mounts up

Avatar
Wicked 2y ago

Yup, and that graduated fee will continue to get cheaper and cheaper as the protocol is enhanced and routing nodes get more efficient. We’re still very early and witnessing another one of these technological paradigm shifts.