Oh, I meant to say.
Current fees are about 1.50 GBP to open a channel, about 80p for a payment transaction to buy the book.
On-chain fees are the tricky part about Lightning. A couple of quid to close a channel isn't so bad but if price goes up and blockchain-congestion goes up. Say 20x between the two factors?
Fifty quid to open and close a channel?
Better hope there's more than 50 quid in it.
Pre
npub1pk…lln8r
2024-02-22 20:11:40
in reply to nevent1q…yyfc
Author Public Key
npub1pkhzm90462y3cfat45m25nmz6p9ku0lw0ak4fqjttpy8qvfhrymqjlln8rPublished at
2024-02-22 20:11:40Event JSON
{
"id": "50961cfaa808ea6acd94787772e6d547bdb95e4bbd2283a5acba764f2f84e7c5",
"pubkey": "0dae2d95f5d2891c27abad36aa4f62d04b6e3fee7f6d54824b58487031371936",
"created_at": 1708632700,
"kind": 1,
"tags": [
[
"e",
"02d31f7daff5bfcd7afbe1f40f8ef9ea70d29de48a922b38596a2e6dc46b20f4",
"",
"reply"
],
[
"p",
"0dae2d95f5d2891c27abad36aa4f62d04b6e3fee7f6d54824b58487031371936"
]
],
"content": "Oh, I meant to say. \n\nCurrent fees are about 1.50 GBP to open a channel, about 80p for a payment transaction to buy the book. \n\nOn-chain fees are the tricky part about Lightning. A couple of quid to close a channel isn't so bad but if price goes up and blockchain-congestion goes up. Say 20x between the two factors?\n\nFifty quid to open and close a channel?\n\nBetter hope there's more than 50 quid in it.",
"sig": "49e921d0b6da9abc686fad54406b03df8065cb83f66577dd3125e06877be6005b64c856fb65ab7987ef55b480f6221fd3798b08d5a866e696c85135456775e7f"
}