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111 sats \ 5 replies \ @Scoresby 23 Nov \ parent \ on: BITCOIN CORE'S LOSS OF FOCUS bitcoin
100%
I certainly would like an easier way to use lightning/bitcoin.
I want to be able to
- send/receive asynchronously (without needing to stay online)
- without anyone being able to stop me
- in amounts smaller than the dust limit
why amounts smaller than the dust limits?
500 sats / 0.02 cents iiuc.
I mean do you have a specific use case?
there is always going to be some lower bound you know!
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By specifying the dust limit, I was trying to get at the need for some kind of way to accept small value payments.
While the dust limit is currently pretty low value, you'd have to be crazy to sell anything for such a payment size on chain. Honestly, I'd rather not have a utxo worth less than a million sats. If fees go up and I've been accepting 10k sat payments, I'm going to lose a lot of value consolidating.
I figure, any scheme for bitcoin that allows you to accept payment sizes below the dust limit necessarily fixes this problem.
Also stacker news and nostr zaps are great examples of micro payment use cases.
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A tangential issue: As you approach the low ends of dust limit (or below the dust limit), obviously the economic value becomes negligible.
This has the effect of lowering the risk to the point that its no longer really worth anyones effort to self-custody that.
"SQL" (which is how zaps work), becomes a fine solution at or below the dust limit, because the risk is so low.
The other viable alternative at that level is CashU.
I think its entirely possible that this is how the landscape eventually develops:
500,000+ SAT = BTC Mainchain
1000 to 500,000 SAT = LN
.1 - 1000 SAT = SQL / Cashu / etc
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I think the most I have sent via lightning is 100k sats (for my territory payment lol)
I saw in another thread you asked if territory owners are making money... I am not, I am waiting for sub-territories to launch
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