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12 sats \ 2 replies \ @thrown 4 Oct 2022 \ on: How to orangepill newbies about the LN? bitcoin
If they are older, they know the concept of a store or bar keeping a “tab” for someone, right?
If you buy stuff at a place all the time, you can just keep a tab open and then pay it all at one time at the end of the month (or whenever). This is like closing out a Lightning channel.
Now where it gets cooler is that Lightning can do this between two friends. Basically keep track of the IOUs between friends for a long time.
I think people struggle with Lightning because right now it is being used for things that don’t often make sense. Like one-time-payments where a channel is opened and closed on the spot. This doesn’t really showcase the coolness of it imo.
Yes, but with the additional complexity but also very useful feature that you don't need to open tabs at every bar you go to, the tab at your local bar can be used to route payments to any bar anywhere.
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I think this is the feature that is hard for people to wrap their head around.
It's not the transaction batching but the "network" part of the LN that actually makes it useful but also non trivial.
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