[uh-quan]

> Is someone in the third world chomping at the bit to pay $40 to open and close a single LN channel when that’s 10% of the GDP per capita of some of those countries you plan to help? Probably not.

In such cases, there is no reason such users can't "enter" bitcoin through a second layer such as the Lightning Network.

Why would they do that if it isn't real bitcoin?, you might ask. Well, for one, their local, tin-pot-dictator created currencies are often worthless, meaning that even second-layer bitcoin is a far more sound and reliable currency.

And who is to say $40 for an on-chain transaction is an "egregious fee"? It turns out having access to the world's most secure, decentralized, unstoppable, set-in-stone, uncensorable, trustless, non-inflationary monetary network is a valuable thing. Maybe so much so that $40 per on-chain transaction is a bargain in the bigger picture.

[arcticbull]

> In such cases, there is no reason such users can't "enter" bitcoin through a second layer such as the Lightning Network.

Yes there is they need a channel, which costs $20 to open and $20 to close.

> And who is to say $40 for an on-chain transaction is an "egregious fee"? It turns out having access to the world's most secure, decentralized, unstoppable, set-in-stone, uncensorable, trustless, non-inflationary monetary network is a valuable thing. Maybe so much so that $40 per on-chain transaction is a bargain in the bigger picture.

Ah you're a comedian too!

[uh-quan]

>Yes there is they need a channel, which costs $20 to open and $20 to close.

No, they don't need to open a channel via the blockchain. They can have an account with a third party, for example.

[arcticbull]

@quartus, you're right, I apologize.

I was referring to the idea that a $40 channel fee might be palatable or even negligible for folks such as those in Malawi whose GDP per capita is $400 per year.

[quartus]

What does calling someone a "comedian" add to the conversation?