Archives/lnbook
2
0
Fork 0
mirror of https://github.com/lnbook/lnbook synced 2024-11-04 18:00:26 +00:00
Code Issues Projects Releases Wiki Activity

ch01: removed "very" 3 times (#272)

Browse Source 
- removed 3 times the word "very"
- see Issue #171 
- low, high, cheap, expensive: is all very relative
- set expectations right
- who knows where the fees will be in 10 years
This commit is contained in:
8go 2020-06-20 09:21:37 +00:00 committed by GitHub
parent 6a90b945bc
commit 22fb60541d
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 3 additions and 3 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

6
01_introduction.asciidoc
View File

@ -66,7 +66,7 @@ Throughout this book you will see "Bitcoin" with the first letter capitalized, w
The Lightning Network is a network that operates as a "second layer" protocol on top of Bitcoin and other blockchains. The Lightning Network enables fast, secure, private, trustless, and permissionless payments. Here are some of the features of the Lightning Network: The Lightning Network is a network that operates as a "second layer" protocol on top of Bitcoin and other blockchains. The Lightning Network enables fast, secure, private, trustless, and permissionless payments. Here are some of the features of the Lightning Network:
* Users of the Lightning Network can route payments to each other for very low cost and in real time. * Users of the Lightning Network can route payments to each other for low cost and in real time.
* Users who exchange value over the Lightning Network do not need to wait for block confirmations for payments. * Users who exchange value over the Lightning Network do not need to wait for block confirmations for payments.
* Once a payment on the Lightning Network has completed, usually within a few seconds, it is final and cannot be reversed. Like a Bitcoin transaction, a payment on the Lightning Network can only be refunded by the recipient. * Once a payment on the Lightning Network has completed, usually within a few seconds, it is final and cannot be reversed. Like a Bitcoin transaction, a payment on the Lightning Network can only be refunded by the recipient.
* While "on-chain" Bitcoin transactions are broadcast and verified by all nodes in the network, payments routed on the Lightning Network are transmitted between pairs of nodes and are not visible to everyone, resulting in much greater privacy. * While "on-chain" Bitcoin transactions are broadcast and verified by all nodes in the network, payments routed on the Lightning Network are transmitted between pairs of nodes and are not visible to everyone, resulting in much greater privacy.
@ -85,7 +85,7 @@ consumer::
Alice is a Bitcoin user who wants to make fast, secure, cheap, and private payments for small retail purchases. She buys coffee with bitcoin, using the Lightning Network. Alice is a Bitcoin user who wants to make fast, secure, cheap, and private payments for small retail purchases. She buys coffee with bitcoin, using the Lightning Network.
merchant:: merchant::
Bob owns a coffee shop, "Bob's Cafe". "On-chain" bitcoin payments don't scale for small amounts like a cup of coffee, so he uses the Lightning Network to accept bitcoin payments almost instantaneously and for very low fees. Bob owns a coffee shop, "Bob's Cafe". "On-chain" bitcoin payments don't scale for small amounts like a cup of coffee, so he uses the Lightning Network to accept bitcoin payments almost instantaneously and for low fees.
web designer:: web designer::
Saanvi is a web designer and developer in Bangalore, India. She accepts bitcoin for her work, but would prefer to get paid more frequently and so uses the Lightning Network to get paid incrementally for each small milestone she completes. With the Lightning Network, she can do more small jobs for more clients without worrying about fees or delays. Saanvi is a web designer and developer in Bangalore, India. She accepts bitcoin for her work, but would prefer to get paid more frequently and so uses the Lightning Network to get paid incrementally for each small milestone she completes. With the Lightning Network, she can do more small jobs for more clients without worrying about fees or delays.
@ -97,7 +97,7 @@ gamer::
Gloria is a teenage gamer from the Philippines. She plays many different computer games, but her favorite ones are those that have an "in-game economy" based on real money. As she plays games, she also earns money by acquiring and selling virtual in-game items. The Lightning Network allows her to transact in small amounts for in-game items as well as earn small amounts for completing quests. Gloria is a teenage gamer from the Philippines. She plays many different computer games, but her favorite ones are those that have an "in-game economy" based on real money. As she plays games, she also earns money by acquiring and selling virtual in-game items. The Lightning Network allows her to transact in small amounts for in-game items as well as earn small amounts for completing quests.
migrant:: migrant::
Farel is an immigrant who works in the Middle East and sends money home to his family in Indonesia. Remittance companies and banks charge very high fees, and Farel prefers to send smaller amounts more often. Using the Lightning Network, Farel can send bitcoin as often as he wants, with negligible fees. Farel is an immigrant who works in the Middle East and sends money home to his family in Indonesia. Remittance companies and banks charge high fees, and Farel prefers to send smaller amounts more often. Using the Lightning Network, Farel can send bitcoin as often as he wants, with negligible fees.
software service business:: software service business::
Wei is an entrepreneur who sells information services related to the Lightning Network, as well as Bitcoin and other cryptocurrencies. Wei is monetizing his API endpoints by implementing micro-payments over the Lightning Network. Additionally, Wei has implemented a liquidity provider service that rents inbound channel capacity on the Lightning Network, charging a small bitcoin fee for each rental period. Wei is an entrepreneur who sells information services related to the Lightning Network, as well as Bitcoin and other cryptocurrencies. Wei is monetizing his API endpoints by implementing micro-payments over the Lightning Network. Additionally, Wei has implemented a liquidity provider service that rents inbound channel capacity on the Lightning Network, charging a small bitcoin fee for each rental period.