-2 upvotes, 1 direct replies (showing 1)
View submission: ⚡ Lightning Network Megathread ⚡
Well, if people are doing billions of transactions off chain maybe the mining rewards on the chain won't be large enough for the miners.
Meaning that the costs onchain will be larger than what most people can handle.
Meaning that you would need to use a 3rd party to keep your coins, while the third party will pay the transaction costs of opening/closing channels.
Or if you arrived too late, you can't even get on the 2nd layer.
Comment by math1985 at 12/01/2018 at 20:05 UTC
2 upvotes, 1 direct replies
Well, if people are doing billions of transactions off chain maybe the mining rewards on the chain won't be large enough for the miners.
This is incorrect. If miners stop mining, difficulty will go down, which will increase the amount of miners again.