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RE: How I'm using Bitcoin’s Lightning Network in the real (third) world!
That fee is so minuscule. The LN is great for these day-to-day transactions.
"What will most likely happen is that companies will open channels and let their customers use them for substantially less fees that they would by paying Bitcoin directly or using conventional ways to transfer money."
This may be good for people who can't bother with the technical aspects, but I see this becoming problematic as these companies will likely tack on additional fees. The middlemen always get greedy!
Yes, they will, still it'll be much better than what they have now.
We are talking about people who have never even seen the internet or just very recently, less than 5% of Cubans can access the internet, most only do so sporadically, it's too expensive and censored.
Also, it brings the risk of centralization and censorship, but again, much better than nothing, which is what they have now. Best regards @techwizardry, very interesting blog, gonna be following more for crypto related news. Is Parley worth it? thanks for commenting
The Castros really wanted to keep Cubans in the dark all these years. Shame!
It's great for sharing links. Reddit on Steemit type of thing.