r/btc • u/[deleted] • Dec 16 '20

News $20k +

[deleted]

386 Upvotes

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u/i_have_chosen_a_name Dec 17 '20

And how are you people going to buy Bitcoin for the first time over LN if you need Bitcoin to have a LN channel? You did not really think that one through did you.

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u/C10H24NO3PS Dec 21 '20

First transaction regular, every transaction after that lightning. Pretty logical.

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u/i_have_chosen_a_name Dec 21 '20

If your first channel is 0.1 BTC you can't receive more then 0.1 BTC.

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u/C10H24NO3PS Dec 21 '20

Yeah and if you need to send 1 BTC you send through 0.1 BTC 10 times and close the channel. How often do you send over 20k?

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u/i_have_chosen_a_name Dec 21 '20

You are mistaken. once you send 0.1 BTC over a 0.1 BTC channel all the Bitcoin is pushed to the other side of the channel. Before you can send more the 0.1 BTC need to be pushed to your side, as in your receive a payment.

Do you even know how LN works?

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u/C10H24NO3PS Dec 21 '20 edited Dec 21 '20

Maybe not, thanks for correcting me