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Author Topic: What applications are best suited for the Lightning Network?  (Read 123 times)
Kprawn (OP)
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January 25, 2018, 02:42:53 PM
 #1

The Lightning Network is on our doorstep and I see a lot of people promoting it now. What in your opinion is the best

application for this, if it succeeds?

The way I am looking at the Lightning Network, is to take micro payments off-chain and to shift larger transactions on-chain,

because the micro transactions are clogging the MemPool.  Huh

Most smaller transactions comes from applications like Faucets and paying for the cup of coffee at the street vendor at the

corner of the street. Most faucet users will not be able to fund the opening and closing of channels to these faucet sites.  Huh

Where does that leave us? Tipping services like ChangeTip? Let's discuss, I am curious to know what you think.  Grin


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Furtivecoin41
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January 25, 2018, 02:46:31 PM
 #2

I see that when the LN is implemented big merchants that removed BTC as their payment options will reconsider to bring it back, and its a good thing because it will promote the circulation of the coin and will not just be meant for hoarding.
promode
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January 25, 2018, 02:47:06 PM
 #3

In my opinion, things that required continuously payments to or worth.

1. Employe can pay employees regular basis.
2. If the Exchange (use it, frequent trading can be done using LN).
3. Buying Coffe, Books etc

I hope LN will become mainstream as early as possible.

Did you guys tried the how quick is this

Try it now - Use this wallet  - https://htlc.me
and Pay to  - http://yalls.org

Kprawn (OP)
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January 25, 2018, 03:05:49 PM
 #4

In my opinion, things that required continuously payments to or worth.

1. Employe can pay employees regular basis.
2. If the Exchange (use it, frequent trading can be done using LN).
3. Buying Coffe, Books etc

I hope LN will become mainstream as early as possible.

Did you guys tried the how quick is this

Try it now - Use this wallet  - https://htlc.me
and Pay to  - http://yalls.org



Ok, number 1. makes total sense, because it will be a huge cost saving for the employer not having to pay miners fees for

every time he has to pay you a weekly wage. {He can even pay you daily now}  Grin

Number 2. makes a little less sense, if you use it less frequently. {example : buying the odd thing on Amazon, 2 or 3 times

per year}

3. Makes the most sense, because people buy coffee and food every day and occasionally books and magazines.

The most effective application will be when you frequently buy something or pay for some service. {I would for example

open a channel with my local Pub}  Roll Eyes

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