A lot of people have theorized that micropayments have too much cognitive load to be useful. But prior to Lightning there were almost no systems capable of actually testing this in the real world. Possible that Lightning will prove that theory wrong!https://www.coindesk.com/bitcoins-open-secret-lightning-is-making-better-online-payments-possible/ …
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Replying to @peterktodd
Not so. Boatloads of lightweight systems with payments much smaller than traditional payments have been tested, fielded, and then after a little period of fun invariably failed.
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Replying to @NickSzabo4 @peterktodd
What was the main issue causing failure?
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Replying to @crypjunkie @peterktodd
Mental transaction costs http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/micropayments.html …
1:19 PM - 16 Aug 2018
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