Ibian
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June 03, 2019, 11:02:20 AM

And what is the practical use of LN?
Cheap small transactions and fast confirmations! I've recently installed a LN-wallet, and I already made more transactions on LN than I made on Bitcoin in at least a year.
It makes small payments possible again, such as sending 0.0001 BTC with 0.0000000202 BTC fee.

I'm okay with paying a high fee for a big transaction, but I'd love to be able to use Bitcoin for small transactions too. LN allows much more users to actually use it, as 7 transactions per second can't scale up.
Okay first of all, it does not "make small transactions possible", again or otherwise, that was always possible. That kind of inserted misdirection does not make it look better.

So small fees. To one specific target. Cost of opening/closing such a channel?