Poll: Will you use LN?

[European Central Bank]

that limit is stupid, what if i need to move a great amount of coin? ok you have unlimited transaction limit, but sending 100 tx just to move 4 btc is retarded when bitcoin is also notorious for not having trouble in moving a very large amount of money

this have somethign to do with the somehow centralized hub that LN rely on perhaps?

https://medium.com/@rusty_lightning/bitcoin-lightning-faq-why-the-0-042-bitcoin-limit-2eb48b703f3

it looks like risk mitigation more than anything.

if anyone wants to try a test lightning network they can right now. it's very impressive.

https://medium.com/@ACINQ/announcing-eclair-wallet-a8d8c136fc7e

[L]

I will use if it's cheaper, and if big amounts will use normal on chain transactions.

[Iranus]

It's limited to 0.042 BTC per transaction. Because I'm so goddamn high rolling I never spend that little.

There should be some interesting new use cases. Maybe I'll find something then.

that limit is stupid, what if i need to move a great amount of coin?

You spend an onchain transaction.

ok you have unlimited transaction limit, but sending 100 tx just to move 4 btc is retarded

Or maybe you could just spend an onchain transaction.

I don't think you understand what LN is.  It's not just eliminating onchain transactions altogether.  If people want the greatest BTC security, they send onchain.  That's quite obvious.

The testnet wallet Eclair on Android allows you to spend onchain transactions.  Even if those wallets didn't, you'd just send as much to it as you need for regular microtransactions.

[BillyBobZorton]

For small transactions, sure. It's perfectly safe to use lightning networks to make small transactions, only paranoid idiots would cry and moan about not using onchain transaction to pay 5 bucks for some crap. Your 5 bucks are safer in the lightning network than they are in a banking credit card transaction.

For 100+ dollars where you would be pissed if you lost them, then i'll stick to on-chain tx's.

[xyzzy099]

For small transactions, sure. It's perfectly safe to use lightning networks to make small transactions, only paranoid idiots would cry and moan about not using onchain transaction to pay 5 bucks for some crap. Your 5 bucks are safer in the lightning network than they are in a banking credit card transaction.

For 100+ dollars where you would be pissed if you lost them, then i'll stick to on-chain tx's.

LN transactions are actually limited to no more than 0.042 BTC - which would be ~$114 USD at the time I am writing this.

https://medium.com/@rusty_lightning/bitcoin-lightning-faq-why-the-0-042-bitcoin-limit-2eb48b703f3

[SONG GEET]

I think LN will be free or might be cheaper than normal on chain transactions so obviously I will use LN to save in fees but It shouldn't be like off chain transactions xapo and coinbase have right now (centralized one).

[BillyBobZorton]

For small transactions, sure. It's perfectly safe to use lightning networks to make small transactions, only paranoid idiots would cry and moan about not using onchain transaction to pay 5 bucks for some crap. Your 5 bucks are safer in the lightning network than they are in a banking credit card transaction.

For 100+ dollars where you would be pissed if you lost them, then i'll stick to on-chain tx's.

LN transactions are actually limited to no more than 0.042 BTC - which would be ~$114 USD at the time I am writing this.

https://medium.com/@rusty_lightning/bitcoin-lightning-faq-why-the-0-042-bitcoin-limit-2eb48b703f3

Well that's good, for real transactions, I would use on-chain, but again, $100 is a nice sweet spot to limit LN transactions. I can't wait to get LN going and actually be able to send and receive small amounts to people without having to bother with confirmation times and all that crap when it's just pointless for small amounts.

A lot of use cases that will finally be able to be implemented.

[iluvpie60]

For small transactions, sure. It's perfectly safe to use lightning networks to make small transactions, only paranoid idiots would cry and moan about not using onchain transaction to pay 5 bucks for some crap. Your 5 bucks are safer in the lightning network than they are in a banking credit card transaction.

For 100+ dollars where you would be pissed if you lost them, then i'll stick to on-chain tx's.

LN transactions are actually limited to no more than 0.042 BTC - which would be ~$114 USD at the time I am writing this.

https://medium.com/@rusty_lightning/bitcoin-lightning-faq-why-the-0-042-bitcoin-limit-2eb48b703f3

That seems pretty reasonable actually. 100 or so dollars per transaction and it is quick. not much risk there I suppose, but does it limit you from doing a few hundred transactions in a row to move a larger sum? I wonder how that plays out.

[Bitcoin Guy]

This may be a very naive, and perhaps a very stupid, question, but I still need to ask.   

Could we only use LN on a needed basis for small transactions and keep the big transactions (over the 0.42BTC) running the current way?

(So LN can only be ran off chain?)