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Cake day: July 9th, 2023

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  • I’m not very interested in cryptocurrency generally but I’m interested in how the tech works–in addition to the aforementioned issues with security if one party controls a significant amount of the lightning network, wouldn’t lightning also be inefficient if a large percentage of transactions are one-offs? It would generate a transaction on the blockchain to open the payment channel between two accounts and a second transaction to close the account, correct? So if the actual number of transactions is two or less it doesn’t offer any actual advantage?