From: Bryan Bishop <kanzure@gmail•com>
To: Paul Sztorc <truthcoin@gmail•com>, Bryan Bishop <kanzure@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Lightning Network's effect on miner fees
Date: Wed, 14 Oct 2015 10:37:14 -0500 [thread overview]
Message-ID: <CABaSBazTE5r5Xvw8M3DRF+d-Qd6KXbdW8W1E0DPmw5KzfY1j6w@mail.gmail.com> (raw)
In-Reply-To: <561E7283.2080507@gmail.com>
On Wed, Oct 14, 2015 at 10:19 AM, Paul Sztorc via bitcoin-dev
<bitcoin-dev@lists•linuxfoundation.org> wrote:
> However, the two are also perfect compliments, as LN transactions cannot take place at all without periodic on-chain transactions.
Additionally, lightning network hot wallets are not an ideal place to
store large quantities of BTC and users that don't expect to be
actively using LN should in general prefer confirmed UTXOs for
long-term cold storage. So far the guess that I have seen floating
around is that LN usage will at first be restricted to very tiny
amounts of BTC in tiny hot wallets, since nobody is particularly
interested in running large hot wallets.
- Bryan
http://heybryan.org/
1 512 203 0507
next prev parent reply other threads:[~2015-10-14 15:37 UTC|newest]
Thread overview: 7+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-10-14 10:14 s7r
2015-10-14 15:19 ` Paul Sztorc
2015-10-14 15:37 ` Bryan Bishop [this message]
2015-10-15 3:35 ` Daniel Stadulis
2015-10-14 22:37 ` s7r
2015-10-14 23:42 ` Daniel Newton
2015-10-14 23:55 ` Paul Sztorc
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