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Questions tagged [micropayments]

37 questions
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3 answers

"HTLCs don't work for micropayments"?

I read this tweet by Tadge Dryja recently. What exactly did he mean? Is this an issue? If so, is this issue fixable?
Chris Chen
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How the disposable private keys are being shared in Lightning Network?

From the Lightning Network paper: ... once an updated commitment transaction is agreed upon, the previous commitment transaction pair is revoked by sharing the private keys needed to redeem those encumbered outputs. Thus, A shares its (throwaway)…
Rix
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4
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1 answer

Accepting micropayment donations via Lightning Network - what is the most efficient / recommended architecture?

The difficulty that I am experiencing at the moment - how to accept Lightning Network micropayments donations supporting (shameless plug): https://genesis.re/wiki#Plan_B Zap / Joule: I send on-chain BTC to lightning enabled wallet I open a…
Mars Robertson
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4
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2 answers

Can the Lightning Network work and live independently from Bitcoin?

Is the Lightning Network Protocol capable to serve micropayment services without broadcast any transaction to the blockchain?
János
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4
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2 answers

Payment channels with dynamic signatures

Talking about single-funded payment channels, the idea is quite simple: Alice puts 10 btc into a multi-sig signed with Bob, and then they each update the state accordingly to send money to each-other back and forth. Now, imagine a third person…
Luca Matteis
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4
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1 answer

Same entity controlling separated parts of a a lightning path

Given the lightning path Alice → Bob → Carol → Dave → Emilee (with Alice being the sender and Emilee being the receiver), assume Dave and Bob to be the same entity. By pulling funds from Dave to herself, Emilee discloses the secret R to Dave. Bob…
UTF-8
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4
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1 answer

Wallets that support payment channels?

I know that maybe it's a bit early to start asking Wallets to implement Lightning Network connections even if the majority don't support SegregatedWitness yet. But how about Payment Channels? In theory they have already been out there since long…
knocte
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4
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2 answers

Micro-payments definition and ideal platform

Have developers come close to reaching a consensus on either: The definition of micro payments? Whether micro-payments ideally belong on the main chain or side chains?
Jamal Wilson
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4
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What is the best way to implement micropayments with Ripple?

I'm interested in the following use cases: Web content Voice and media traffic For the first case, it would be ideal to be able to include some sort of proof in a custom HTTP request header showing that the client has made the payment. The server…
Manish
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3
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2 answers

Why do multihop LN payments start settling from the recipient's end?

In HTLC, after all the parties have locked their funds in the contract, claiming payment happens in a reverse way, starting with the receiver who reveals the preimage of the corresponding payment hash. What would be the problem if it had started…
Subhra Mazumdar
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3
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1 answer

Is it possible to connect to BTCPay server remote c-lightning node?

I have BTCPay server and would like to use external c-lightning node which i have funded and prefer more over BTCPay server local docker container (DC). In store configuration i see that there is option to connect to c-lightning over tcp or unix…
baysx
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3
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2 answers

Will lightning network efficiently support a single payment of 25 cents?

Suppose my website sells emojis for 25 cents a piece. And I get 1000 unique customers that each buy just one. Will lightning network or any other technology allow me to process these transactions without making 1000 separate commits to the…
Mark Beckwith
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Is there an easy way to consolidate Dust Microtransactions

I just found out today that all those websites I go to to earn like .0000087 for clicking around here and there have now in a way corrupted my wallet as yesterday I deposited 50$ into my wallet and when I try to transfer it to make a payment to…
James Campbell
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3
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1 answer

How to best structure Internal bitcoin payments within a webapp?

I'm building out a pet project webapp called CollaboTree, a big part of it is allowing users to set bounties for completing/collaborating on little bits of work. I'd like these micro payments to be as cheap/free as possible, and fast (instant?)…
dangerous.beans
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3
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1 answer

Defeating email spam with Bitcoin

There was a paper somewhere proposing a scheme for filtering email spam with the use of Bitcoin micropayments. I can't remember where I saw it and can't find it now. Anybody knows about it?
knaperek
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