You are viewing a single comment's thread from:
RE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!
Lightning Network makes Bitcoin transactions practically free: https://bitcoinmagazine.com/articles/bitcoin-lightning-network-creators-fees-will-be-effectively-zero-1459955513
Simpler payment channels are already functional. This is the kind of stuff Yours Network is using.
this does nothing to address "the whole point is to get rid of micro-payments."
no one wants to pay to do something (micropayments), at the very least they do not want it to cost money (the cause with Twitter or Facebook), at the very best they get some return (Steem).
i'm sure there are many great use cases for lightning networks, micropayments for content and curation of it are likely not one of them.
i will go out on a limb here and claim that micro payments are completely uninteresting to sentient beings, however great for computer programs needing to do resource allocation in decentralized networks which need to function like agoric computational systems.
you don't get it Kyle
@decrypt I get that aspect of it. The model here appears to be different than appcoins from the past, so I'll need to research/think about it more.
I read about the lightening network closing a a chunk of transactions in some crazy time. I still think STEEM has a lot of value though and happy to contribute and see people with a professional career in crypto journalism hang out here. Welcome!