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0 pointsgrubles8y ago0 comments

"You need to lock up large amounts of bitcoin in these channels for significant amounts of time."

That's actually false. The protocol actually limits channels to a fraction of a bitcoin currently (something like 0.1 or maybe even 0.01 BTC).

0 comments

I think they mean across all channels implying some "velocity of money" fallacy harming the bitcoin network.

j / k navigate · click thread line to collapse

0 pointsgrubles8y ago0 comments

"You need to lock up large amounts of bitcoin in these channels for significant amounts of time."

That's actually false. The protocol actually limits channels to a fraction of a bitcoin currently (something like 0.1 or maybe even 0.01 BTC).

I think they mean across all channels implying some "velocity of money" fallacy harming the bitcoin network.

j / k navigate · click thread line to collapse