off the top of my head, in LN you should also account for hardware failure, 0days, fee spikes which will destroy in-flight htlc resolution in broken channels, all of these not very predictable.

слышал? блокчейн TON разогнали до 100 тысяч транзакций в секунду и называют это мировым рекордом.

как вам такое, биткойнеры?😅

#bitcoin #ton #grownostr

Compared to onchain fees. That's theoretical numbers derived from papers about payment systems from 1960s. On such timescale LN if compared to legacy payment systems is looking like a frog leaping forward like crazy.

Force closings are problem indeed and it is worrysome that everybody is busy with something not including FC as KPI. But this is free market activity entirely. So we'll, cest la vie.

Dashed line is for hosted channels on this plot. Horizontal axis is payment frequency. Vertical is for economic effect which is difference between onchain and lightning network operational costs.

I assume you mean economically justified to make that channel opening tx.

Compared to what, then?

It will lose to zero fee bank payments I have now.

For my peer, it will lose to lending btc at 2+% return instead of putting them in a channel which does 5 small payments per year.

What is the probability channel will even live that long and not get force-closed?

A better question might be: is there really that much demand for Bitcoin payments? If yes, why not make it a custodial protocol to start with to remove all the complexities of a truly decentralized system?

The reasons I ask is because:

1) payments is a highly competitive industry with very low margins, LN will be constantly fighting all the world's banks and payment systems (and musk soon), and it's going to be an uphill battle for LN because it's a decentralized system and fiat solutions are actually reliable and pretty neat UX wise.

2) Non-custodial low-value payments do not have quite the same ring as non-custodial storage of large amounts of value, I fail to see why any kind of censorship resistance is even needed in majority of LN payments.

Bookmarked LNURLs were initially implemented in BLW, then in SBW and currently exist in Vallet App.