2 upvotes, 1 direct replies (showing 1)
View submission: ⚡️ needs you. Yes, you.
But it is a problem. What are you supposed to do when you've opened a payment channel to a payment hub and they become unavailable? Close the channel to free your funds and open a new one to another hub?
Remember that the funds are locked in that channel. You can't use them in another one until the first channel has been closed. Like I said earlier, the transaction fees will make people create as few channels as they possibly can.
Comment by weedexperts at 25/12/2017 at 06:05 UTC
1 upvotes, 0 direct replies
Why is that a problem? The point of LN is not to solve all problems but rather to solve some of the problems.
Every exchange and big bitcoin institution will be running an LN node. That's going to take a huge load off the main network.
There are other things being worked on which will increase the number of transactions per block even further.
These are complex issues with no easy answers. We need time to develop them.