Just had a friend ask how sending 1 sat would even work so sharing here in case anyone else is curious.
It's a simple, elegant idea. You can send 1 sat (and ultimately, in time, probably also tiny fractions of sats) by keeping payment channels open and only settling on the base layer after hundreds, if not thousands, or even millions of transactions on the second layer (lightning).
Like keeping a bar tab open all night then just paying once at the end when you close the tab so the bar only pays one credit card fee on all the trnasactions. I saw this video years ago and it still explains it really well.
https://youtube.com/watch?v=rrr_zPmEiME&feature=shares
johnnywisdom / Johnny Wisdom
npub1x5…we7f6
2023-02-21 22:24:52
Author Public Key
npub1x5p3ejeeue74u2k6hwuz8kkpuk3dv2lrmkya0ma7tgpxpznuzaxsmwe7f6Published at
2023-02-21 22:24:52Event JSON
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"content": "Just had a friend ask how sending 1 sat would even work so sharing here in case anyone else is curious. \n\nIt's a simple, elegant idea. You can send 1 sat (and ultimately, in time, probably also tiny fractions of sats) by keeping payment channels open and only settling on the base layer after hundreds, if not thousands, or even millions of transactions on the second layer (lightning). \n\nLike keeping a bar tab open all night then just paying once at the end when you close the tab so the bar only pays one credit card fee on all the trnasactions. I saw this video years ago and it still explains it really well.\n\nhttps://youtube.com/watch?v=rrr_zPmEiME\u0026feature=shares",
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