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danielalexiuc's profile
Daniel Alexiuc
Daniel Alexiuc
Daniel Alexiuc
@danielalexiuc

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Daniel Alexiuc

@danielalexiuc

CEO, Living Room of Satoshi @roomofsatoshi

Brisbane, Australia
livingroomofsatoshi.com
Joined October 2008

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    Daniel Alexiuc‏ @danielalexiuc May 7

    Here's what it's like to buy an actual real coffee using the #LightningNetwork. Lightning is now live as a payment option at The Botanist Kitchen and Bar #brisbaneairport Spoiler: it works :) Thanks @TravelbyBit and @roomofsatoshipic.twitter.com/yT0Zipc0e0

    6:41 PM - 7 May 2018
    • 1,949 Retweets
    • 4,197 Likes
    • William Lyons Nima Azaraeen samira Navang Oza Lizard Patrick Austin Clark Moody Adam \[._.]/ SPRodriguez
    195 replies 1,949 retweets 4,197 likes
      1. New conversation
      2. Ed° Bitcoin Cash‏ @EdinKuky May 7
        Replying to @danielalexiuc @TravelbyBit @roomofsatoshi

        Fee 43K Satoshi? HAHAHA! Idiots. 😌

        8 replies 1 retweet 14 likes
      3. Daniel Alexiuc‏ @danielalexiuc May 7
        Replying to @EdinKuky @TravelbyBit @roomofsatoshi

        I misspoke - that was actually the price of the coffee. The fee was 1.6 satoshis, or about one hundredth of one cent.

        5 replies 13 retweets 300 likes
      4. Allan Doensen‏ @AllanDoensen May 8
        Replying to @danielalexiuc @EdinKuky and

        and how much was the channel setup fee?

        4 replies 0 retweets 21 likes
      5. Hal‏ @haledor May 8
        Replying to @AllanDoensen @danielalexiuc and

        The channel can be reused indefinitely, even if the initial cost was let's say $10 (setting up multiple channels and refilling old channels) That cost would be divided between many hundred/thousand purchases/transactions.

        8 replies 3 retweets 36 likes
      6. Allan Doensen‏ @AllanDoensen May 8
        Replying to @haledor @danielalexiuc and

        So he paid $10 to set up a channel to pay for a $5 coffee. If he never passes through Brisbane airport again how would he spend the remaining money in his channel? It that really a good use case?

        7 replies 1 retweet 19 likes
      7. Daniel Alexiuc‏ @danielalexiuc May 8
        Replying to @AllanDoensen @haledor and

        The channel is to the Lightning Network, not to the coffee shop. It's a bit like opening a bank account. You only need to do it once, then you can pay anybody else who has a bank account, not just the bank you have an account at.

        10 replies 9 retweets 186 likes
      8. Dustin (Text based blue check mark)‏ @DustinDry1st May 8
        Replying to @danielalexiuc @AllanDoensen and

        Daniel so when i open a channel to LN I have to stay online or else it closes correct?

        3 replies 1 retweet 0 likes
      9. Daniel Alexiuc‏ @danielalexiuc May 8
        Replying to @DustinDry1st @AllanDoensen and

        No that is incorrect. "Channel" was a poorly chosen metaphor, in my opinion. It's literally just a smart contract: nothing happens until someone updates it.

        3 replies 3 retweets 40 likes
      10. 9 more replies
      1. New conversation
      2. Ser Bitcoin‏ @bitcoinclegane May 7
        Replying to @danielalexiuc @TravelbyBit @roomofsatoshi

        What was the fee?

        2 replies 0 retweets 6 likes
      3. Daniel Alexiuc‏ @danielalexiuc May 7
        Replying to @bitcoinclegane @TravelbyBit @roomofsatoshi

        Routing fee was about 1.6 satoshis: approximately one hundredth of one cent.

        2 replies 7 retweets 103 likes
      4. Jamison Olivieri‏ @jolivieri89 May 7
        Replying to @danielalexiuc @bitcoinclegane and

        Holy shit

        1 reply 0 retweets 13 likes
      5. Daniel Alexiuc‏ @danielalexiuc May 7
        Replying to @jolivieri89 @bitcoinclegane and

        Indeed.

        2 replies 0 retweets 15 likes
      6. Bernhard Meier  ⚡  🐻  🐂‏ @meier_bernhard May 8
        Replying to @danielalexiuc @jolivieri89 and

        Indeed

        1 reply 0 retweets 2 likes
      7. 2 more replies
      1. New conversation
      2. Mimble‏ @mimbled May 7
        Replying to @danielalexiuc @TravelbyBit @roomofsatoshi

        What point of sale app is handling this? This is awesome, thanks for sharing.

        1 reply 0 retweets 6 likes
      3. Daniel Alexiuc‏ @danielalexiuc May 7
        Replying to @mimbled @TravelbyBit @roomofsatoshi

        It's made by @TravelbyBit :https://www.travelbybit.com/ 

        1 reply 1 retweet 14 likes
      4. $diego‏ @ejfhp May 7
        Replying to @danielalexiuc @mimbled and

        And the phone wallet?

        1 reply 0 retweets 0 likes
      5. Tadeusz Puźniakowski‏ @tpuzniakowski May 7
        Replying to @ejfhp @danielalexiuc and

        Eclair mobile wallet probably

        1 reply 0 retweets 2 likes
      6. Daniel Alexiuc‏ @danielalexiuc May 8
        Replying to @tpuzniakowski @ejfhp and

        Yep

        1 reply 0 retweets 1 like
      7. $diego‏ @ejfhp May 8
        Replying to @danielalexiuc @tpuzniakowski and

        How long to open the channel? And fees?

        1 reply 0 retweets 0 likes
      8. Tadeusz Puźniakowski‏ @tpuzniakowski May 8
        Replying to @ejfhp @danielalexiuc and

        It took about 1h and 541satoshi in my case. Much less than a dollar.

        0 replies 0 retweets 1 like
      9. End of conversation

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