| submitted by /u/hermanfelker
To this date (unless I'm really busy), whenever I send a BTC tx I'm always fascinated with what the mempool looks like at that time, which fee I sent the tx at, and that first confirmation is always "magic" to me.
I know it's cheesy as hell, but sending a BTC tx feels like I'm accomplishing something small yet great every single time. I hope it never gets old 🙂
Hello, 4th grade computer engineering student here from a 3rd world country. I am reading about bitcoin and altcoins for years and i just dont or dont want to understand one thing. Why are these people on specific subreddits always shitting each other? I love the idea and goal of bitcoin and i believe this technology can lead us brighter future.I just can’t understand why people literally humiliating each other for believing the same cause with slightly different technologies. I feel really…
It seem to be a common confusion about Lightning Network that it works something along the lines of "I open a channel to a coffee shop with 10mBTC, send multiple txes paying for coffee over it, and once the money run out i close the channel".
If it worked like that, then the whole thing would have been rather pointless.
Instead it is a network of payment channels. You open a channel once, to a node you respect, and then that node connects to node B that connects to node C that connects to a shop you want to pay.
One channel, many shops.
It's like the internet – you don't have a cable directly to Facebook, a cable directly to Google and a cable directly to Amazon. Rather, you only have a cable/radio link to an ISP or two, and the data is then routed across the backbone of the internet to reach whatever detination you need.
And unlike ISPs in places like USA, the network is uniconnected. Meaning you can pick any node you like at no extra cost. Imagine being able to have internet from an ISP in Moscow, Russia while living in Arkansas, USA. Same with payment channels.