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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino Feb 20

      In the last 30 days @bitfinex processed 12.5k #lightningnetwork ⚡️ transactions. Mostly deposits. WOW, just WOW... #Bitcoin

      39 replies 97 retweets 801 likes
      Show this thread
    2. Paolo Ardoino‏Verified account @paoloardoino Feb 20

      Average transacted amount is: 0.0024 #Bitcoin

      3 replies 3 retweets 73 likes
      Show this thread
    3. Ouriel - Meta - Ohayon‏Verified account @OurielOhayon Feb 20
      Replying to @paoloardoino

      why so low? what is the capacity ?

      1 reply 0 retweets 0 likes
    4. Paolo Ardoino‏Verified account @paoloardoino Feb 20
      Replying to @OurielOhayon

      Isn't it the purpose of LN to facilitate fast realtime settlements?

      1 reply 0 retweets 3 likes
    5. Ouriel - Meta - Ohayon‏Verified account @OurielOhayon Feb 20
      Replying to @paoloardoino

      Yes. It is. My question was why is the average deposit so low? Are there limited restrictions to whst the network or you can handle?

      2 replies 0 retweets 1 like
    6. Paolo Ardoino‏Verified account @paoloardoino Feb 20
      Replying to @OurielOhayon

      There is no limitation. It's just use case. For example: @bitfinex and @bitrefill handle settlement of gift card payments via LN. It's the perfect use case. Small size and instant txs. We wout love to see the ratio going up but it probably will take time while confidence grows

      1 reply 0 retweets 4 likes
    7. Ouriel - Meta - Ohayon‏Verified account @OurielOhayon Feb 20
      Replying to @paoloardoino @bitfinex @bitrefill

      would you be able to handle any amount in LN?

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino Feb 20
      Replying to @OurielOhayon @bitfinex @bitrefill

      Our node capacity is quite good but definitely can't handle thousands of BTC right now

      6:51 AM - 20 Feb 2021
      1 reply 0 retweets 0 likes
        1. New conversation
        1. Ouriel - Meta - Ohayon‏Verified account @OurielOhayon Feb 20
          Replying to @paoloardoino @bitfinex @bitrefill

          Asking because i am interested :) Would you be able to handle on a single LN transaction a very large amount? (i understand you can handle many "low" amounts)

          1 reply 0 retweets 0 likes
        2. Guru Bukele Nakamoto‏ @TheGuruLal Feb 20
          Replying to @OurielOhayon @paoloardoino and

          Why would you send large amount of BTC on a lightning network when it is still in its early test phase? Just use the Main-net and settle the transaction there for large transactions. I don’t get it!!!

          1 reply 0 retweets 0 likes
        3. Show replies

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