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2337d
The LN is a 2nd decentralized network that uses the BTC network.
In itself it doesn't change BTC by the very fact that it is a second layer technology.
Limiting the blocksize does of course change BTC. The LN doesn't.
Tom
replied 2337d
LN would actually be useful for micro-transactions (less than a penny) for pay as you go services. But it cannot be a replacement for the blockchain, like blockstream is pushing for.
replied 2337d
Is there even such demand? It will be a lot of hassle for saving only a few pennies for most people.
replied 2337d
I can imagine tipping or donations being useful for LN, although better solutions do exist.
replied 2336d
Three need for the recipient to create an invoice to initiate a TX precludes it being used for tipping.