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RE: My first experience ever with BITCOINS’s LIGHTNING NETWORK – PAINS and GLORY!

in #bitcoin7 years ago

I didn't get a chance to use it just yet- I was kinda waiting to see what kind of bugs would be found (, if any yet). Also didn't want to accidentally lose some Bitcoin by doing something wrong. Taking it slow I guess you can say, but I did download the app the first day it was released :-D! I'm happy to say I was there to see Bitcoin history in the making.

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You can open a channel with less than $10 and play a bit with it like I did. I'll open more channels later to get some t-shirts or something cool, never risking more than $20. Actually that's what the LN is good for, small payments, the Bitcoin network is already good enough for large payments. It's a very small price to pay to play with history ;) There's still a long way to go but the signs so far are encouraging. I do believe though that most people will never open a channel themselves, they will use channels opened by companies like I say in my article. Just like most people never know what ACH or Swift are with the banking system yet still use them. regardsHi @hotsauceislethal,