Questions tagged [micropayments]

The tag has no usage guidance.

2
votes
1answer
64 views

Accepting micropayment donations via Lightning Network - what is the most efficient / recommended architecture?

The difficulty that I am experiencing at the moment - how to accept Lightning Network micropayments donations supporting (shameless plug): https://genesis.re/wiki#Plan_B Zap / Joule: I send on-chain ...
3
votes
1answer
54 views

Is it possible to connect to BTCPay server remote c-lightning node?

I have BTCPay server and would like to use external c-lightning node which i have funded and prefer more over BTCPay server local docker container (DC). In store configuration i see that there is ...
5
votes
3answers
1k views

“HTLCs don't work for micropayments”?

I read this tweet by Tadge Dryja recently. What exactly did he mean? Is this an issue? If so, is this issue fixable?
0
votes
1answer
52 views

Required conditions to be selected as intermediary node (Payment Service Provider) in Lightning Network?

I bring up some important questions about terminology of the Lightning Network and how to select the intermediary node as the Payment Service Provider in a routing channel: The following video (Link ...
1
vote
2answers
78 views

How to cheaply melt many micro UTXOs?

I know this was probably brought up before but I cannot find any good resources on some potential, at least theoretical way of achieving this. So basically I have a lot of UTXOs whose value is ...
2
votes
2answers
80 views

Clarification about lightning network

When I run a lightning node, I have to set up a lightning channel with, for example, a highly connected node. Here a first question: When I set up a lightning channel with a node, have I need to put ...
0
votes
1answer
62 views

“state channel” v.s “micro-payment channel” : are they the same?

We use "micro-payment channels" such as "Bitcoin Lightning Network" or "Duplex Micro-Payment Channels" for saving transaction fee, accelerating payments, supporting better micro-payment and scaling ...
0
votes
1answer
131 views

Sweeping funds from addresses generated by Extended Private Key (BIP39)

I have a site that is trying to process micropayments. It uses a mnemonic / extended private key generated here to generate a new Bitcoin address for every payment. Everything works fine except I'm ...
4
votes
1answer
156 views

How the disposable private keys are being shared in Lightning Network?

From the Lightning Network paper: ... once an updated commitment transaction is agreed upon, the previous commitment transaction pair is revoked by sharing the private keys needed to redeem those ...
4
votes
2answers
188 views

Can the Lightning Network work and live independently from Bitcoin?

Is the Lightning Network Protocol capable to serve micropayment services without broadcast any transaction to the blockchain?
4
votes
2answers
149 views

Payment channels with dynamic signatures

Talking about single-funded payment channels, the idea is quite simple: Alice puts 10 btc into a multi-sig signed with Bob, and then they each update the state accordingly to send money to each-other ...
0
votes
1answer
309 views

BlockCypher MicroTX transaction fee?

does anyone know how much is the BlockCypher fee when doing Micro TX? I read here (https://www.blockcypher.com/dev/bitcoin/#microtx) and it says it is generated automatically (deducted from source). I ...
4
votes
1answer
86 views

Same entity controlling separated parts of a a lightning path

Given the lightning path Alice → Bob → Carol → Dave → Emilee (with Alice being the sender and Emilee being the receiver), assume Dave and Bob to be the same entity. By pulling funds from Dave to ...
1
vote
3answers
105 views

I want to change 0.25 dollar cents in bitcoin for my digital content, is it too little?

I am a developer and very new in bitcoin world. I have plans of having website where I sell digital content for 0.25(or less) cents of dollars in bitcoin form. What I understand is I have to pay for ...
3
votes
2answers
3k views

Will lightning network efficiently support a single payment of 25 cents?

Suppose my website sells emojis for 25 cents a piece. And I get 1000 unique customers that each buy just one. Will lightning network or any other technology allow me to process these transactions ...
1
vote
1answer
63 views

Does Bitcoin's high price make payments in stores less viable?

With bitcoins values getting so high (now is $2250/BTC) is it still viable to use bitcoins as a way of payment in stores? It's not that common now, but I thought that people would use it more with ...
2
votes
1answer
73 views

On the feasibility of fees

According to https://bitcoinfees.21.co/, "For the median transaction size of 226 bytes, this results in a fee of 0.678 mBTC." At the time of writing this equates to approximately $1.53US. This means ...
2
votes
2answers
1k views

0 fee transactions - possible that they never confirm?

I've made a Bitcoin tipping service for reddit: https://news.bitcoin.com/bitcoin-tipping-reddit-minitip/ Currently users pay a flat 0.1 mBTC miner's fee to tip others since it's done entirely on-...
1
vote
3answers
377 views

What is the right way to accept bitcoin payments using bitcoind?

I want to implement payments using Bitcoin without any 3rd party services. I already installed full node on my server and configured RPC API. What should I do next? Now I plan to work in the ...
4
votes
1answer
560 views

Wallets that support payment channels?

I know that maybe it's a bit early to start asking Wallets to implement Lightning Network connections even if the majority don't support SegregatedWitness yet. But how about Payment Channels? In ...
1
vote
1answer
122 views

micropayment channels, n-m addresses, interoperability

I just read bitcoinJ's working with contracts tutorial and I am puzzled as: it seems to me that n-m addresses are implemented in Bitcoinj using plain multisig (as defined in this bit of the developer'...
4
votes
2answers
130 views

Micro-payments definition and ideal platform

Have developers come close to reaching a consensus on either: The definition of micro payments? Whether micro-payments ideally belong on the main chain or side chains?
2
votes
2answers
366 views

Wasted satoshi due to transaction fees

Say I have a wallet containing 1000 satoshi, and I want to transfer this to another wallet, but it doesn't cover the transaction fee, do I just waste it? I don't have the private key to the wallet ...
0
votes
1answer
150 views

How do I get the originating address using Blockchain.info's recieving API?

I'm using the blockchain.info/api/api_receive I have everything working fine but when I made a payment I can't find (in the callback) the bitcoin address of the payer, only the address of the payee......
3
votes
1answer
1k views

Is there an easy way to consolidate Dust Microtransactions

I just found out today that all those websites I go to to earn like .0000087 for clicking around here and there have now in a way corrupted my wallet as yesterday I deposited 50$ into my wallet and ...
3
votes
1answer
140 views

How to best structure Internal bitcoin payments within a webapp?

I'm building out a pet project webapp called CollaboTree, a big part of it is allowing users to set bounties for completing/collaborating on little bits of work. I'd like these micro payments to be as ...
3
votes
1answer
675 views

Defeating email spam with Bitcoin

There was a paper somewhere proposing a scheme for filtering email spam with the use of Bitcoin micropayments. I can't remember where I saw it and can't find it now. Anybody knows about it?
-1
votes
1answer
176 views

Recurring micro-payments platform

I'm thinking through SaaS platform, where customers will pay little (20-50 cents) fee for daily use. My first thought was to create own internal currency and deduct customer's balance daily. But I'm ...
4
votes
1answer
454 views

What is the best way to implement micropayments with Ripple?

I'm interested in the following use cases: Web content Voice and media traffic For the first case, it would be ideal to be able to include some sort of proof in a custom HTTP request header showing ...