Questions tagged [micropayments]

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Opportunity cost of coins locked in HTLC

If a party agrees to lock coins in HTLC for payment (having hashlock for time T), and it receives a fee f if the HTLC succeeds, then does it mean that the opportunity cost of coins locked in HTLC is f?...
Subhra Mazumdar's user avatar
0 votes
3 answers
84 views

What cryptocurrency is most suitable to send small amounts?

I'd like to build a service to allow users to send small amounts, e.g. equal to $0.5-$1 per transaction without having to pay enormous (in relation to the amount sent) fees. I read that technically ...
Sergei Basharov's user avatar
0 votes
1 answer
125 views

Bitcoin split payment API? (Adaptive Split Payment)

Currently our site works with "stripe marketplace" and we trying to also implement bitcoins. I would like to know that Bitcoins API can give me a split payment service? For example: From ...
FosAvance's user avatar
  • 101
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0 answers
33 views

receiving a small refund

I was joining a website and asked pay with bitcoin and they say they will refund a tiny bit back to me and the last 4 digits will be my passcode. Is this even possible? how would there computer know ...
David Gordon's user avatar
0 votes
1 answer
94 views

Other than relying on "side-chains", is there any way that Bitcoin could solve "micro transactions"? [duplicate]

I am very aware of the Lightning Network, and have repeatedly tried to gain a full understanding of it and start using it. I find that, whether it's due to it being too complex or me being too stupid, ...
Tawn's user avatar
  • 11
-2 votes
1 answer
221 views

How to automate bitcoin wallet to send return payments to website subscribers?

When a .onion website sells subscription log-in accounts, they ask for subscription payment and say that a return payment will be received immediately after, containing the payment code for creating a ...
user610620's user avatar
1 vote
1 answer
38 views

If my service only accepts Bitcoin, will there be a lot of missed customers who only have non-Bitcoin crypto currencies? [closed]

I'm about to release a service which only takes payments in Bitcoin. I'm wondering if this will impact me negatively in terms of not getting business from people who own other crypto currencies. I don'...
Gurinder's user avatar
3 votes
2 answers
131 views

Why do multihop LN payments start settling from the recipient's end?

In HTLC, after all the parties have locked their funds in the contract, claiming payment happens in a reverse way, starting with the receiver who reveals the preimage of the corresponding payment hash....
Subhra Mazumdar's user avatar
4 votes
1 answer
571 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 ...
Mars Robertson's user avatar
3 votes
1 answer
702 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 ...
baysx's user avatar
  • 151
11 votes
3 answers
2k 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?
Chris Chen's user avatar
0 votes
1 answer
89 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 ...
Questioner's user avatar
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2 votes
2 answers
162 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 ...
Tedy S.'s user avatar
  • 87
2 votes
2 answers
133 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 ...
Bruce Wayne's user avatar
0 votes
1 answer
97 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 ...
Questioner's user avatar
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0 votes
1 answer
456 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 ...
Maros's user avatar
  • 139
6 votes
1 answer
289 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 ...
Rix's user avatar
  • 161
4 votes
2 answers
225 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?
János's user avatar
  • 388
4 votes
2 answers
212 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 ...
Luca Matteis's user avatar
  • 5,212
0 votes
1 answer
552 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 ...
user2002495's user avatar
4 votes
1 answer
103 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 ...
UTF-8's user avatar
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1 vote
3 answers
165 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 ...
RollRoll's user avatar
  • 163
3 votes
2 answers
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 ...
Mark Beckwith's user avatar
1 vote
1 answer
78 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 ...
Jp_'s user avatar
  • 143
2 votes
1 answer
109 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 ...
Kenshin's user avatar
  • 506
2 votes
2 answers
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-...
CobosBfB's user avatar
1 vote
3 answers
666 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 ...
kopaty4's user avatar
  • 111
4 votes
2 answers
696 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 ...
knocte's user avatar
  • 1,784
2 votes
1 answer
165 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'...
hartmut's user avatar
  • 681
4 votes
2 answers
146 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?
Jamal Wilson's user avatar
2 votes
2 answers
734 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 ...
Matthew Layton's user avatar
0 votes
1 answer
176 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......
Pedro's user avatar
  • 1
3 votes
1 answer
2k 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 ...
James Campbell's user avatar
3 votes
1 answer
175 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 ...
dangerous.beans's user avatar
3 votes
1 answer
706 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?
knaperek's user avatar
  • 1,424
-1 votes
1 answer
229 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 ...
Andrew Matiuk's user avatar
4 votes
1 answer
480 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 ...
Manish's user avatar
  • 2,022
8 votes
4 answers
2k views

Will transaction fees eventually make microtransactions not worthwhile?

It seems that one of the strengths of Bitcoin is the ability to send tiny amounts across the globe. If we keep thinking in USD or EUR, we'll wipe out micro transactions altogether (less than 100 ...
Shamoon's user avatar
  • 2,849