The Lightning Conference, an occasion concentrating on the Bitcoin micro payments scaling service, Lightning Network, has actually simply revealed an unique method to assist display the power of the innovation. The ever-important fuel of all crypto conferences, hot, steaming coffee, will be offered for a single satoshi, paid through the Lightning Network, at the Berlin occasion.
Assisting the occasion with the useful presentation will be the research study department of the Bitcoin derivatives exchange BitMEX. The effort wants to show that Bitcoin can undoubtedly be utilized to make little payments.
Who Stated You Can’t Purchase Coffee With Bitcoin?
As everybody understands, coffee is the foundation of every fantastic innovation conference. Typically easily offered, The Lightning Conference is dealing with BitMEX to turn the circulation of the much-needed energising elixir into a presentation of the Lightning Network’s power.
Cups of coffee throughout the occasion will include the token cost of a single satoshi. That has to do with $0.000083, at the time of composing. In spite of the current recession in the cost of Bitcoin after conveniently trading over $10,000 for so long, the extremely low cost recommends that the choice to charge for a coffee at The Lightning Conference 2019 is less about making a fast dollar and more about showcasing the energy of the innovation.
The Lightning Conference revealed that it would be dealing with BitMEX Research study to make the concept a truth previously today:
What is much better than coffee? Coffee sponsored by @BitMEXResearch for just 1 sat per cup! ☕ þ 0f;-LRB- ************).
— The Lightning Conference (@LNconf) October 7, 2019
The choice to display the effectiveness of the Lightning Network at The Lightning Conference by offering coffee seems an entertaining referral to earlier remarks by Bitcoin (BTC) advocate turned Bitcoin Money cheerleader Roger Ver. Throughout the disputes over Bitcoin scaling that would ultimately solve in the Bitcoin Money hard fork in the summer season of 2017, Ver argued that Bitcoin’s block size limitation develops a cost market that, with higher use of the digital currency, would render it totally worthless for smaller sized payments, such as purchasing a cup of coffee.
Seemingly, those behind The Lightning Conference are eager to show to huge block Bitcoin cynics like Ver that the cryptocurrency can undoubtedly be utilized for little payments through extra layers such as the Lightning Network.
The Lightning Conference2019 is because of happen over October 19 th and 20 th in Germany’s capital, Berlin. Speaking at the occasion will be agents of a few of the significant designer groups dealing with the Bitcoin network and Lightning micro payments system more particularly. These consist of members of Lightning Labs, Blockstream, Electrum Wallet, and Casa, among lots of others.
Associated Reading: Bitcoin Price Falling Below $7,700 Could Spell Disaster for Bulls
Included Image from Shutterstock.