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Questions tagged [micropayments]

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2answers
61 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 ...
1
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2answers
69 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
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1answer
49 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
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1answer
117 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
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1answer
128 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 ...
3
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2answers
122 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
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1answer
276 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 ...
3
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1answer
80 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
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3answers
97 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
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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
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1answer
62 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
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1answer
71 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
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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
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3answers
338 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
545 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
117 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
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2answers
123 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?
3
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2answers
354 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
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1answer
148 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
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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
138 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
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1answer
658 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
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1answer
174 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
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1answer
447 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 ...