One user has implemented a proof of concept to gain access to a protected WiFi network, using Lightning Network. The instructions and code for this tool were published yesterday. A development team created Nodogsplash (NDS), a captive portal that offers a restricted Internet connection, which can be unlocked using certain parameters. A Spanish developer known …
I saw a request on the lnd github asking for "reverse invoices" or "gift card invoices". Basically a bearer certificate in digital form. Obviously physical security of the text string remains paramount and you'd likely want to keep the amounts minimal, but this could work great in this situation (if technically possible)
Shittiest use case, who still used paid for wifi in 2019? I've been working at sales for a company that deploys wifi and hotpots, for the past three years we had just one customer who wanted the paid access. Everybody else just laughs at the idea of asking people to pay for wifi.
You don't make this profitable in the real world where people have 4g. You don't open your guest wifi for the money, you open it for the data and the analytics.
Somebody should implement a TCP/IP over lightning wire protocol.
There's a similar problem with allowing DNS before authentication. You can just tunnel all your connections through the DNS requests free of charge.
For rounding purposes only, and only to flip a single Satoshi from one account to another on closing of the channel. Adheres to bitcoin's hard cap.
My bad. Baked into the rules of Bitcoin is a strict limit on the creation of new bitcoins. Bitcoin is rewarded to the miners at a rate that is cut in half ever four years until 2140, when the 21,000,000th bitcoin is issued to the last miner. From that point, the bitcoin network will have transitioned to a fee system to justify costs and profit for miners.
When Bitcoin first was started by Satoshi Nakamoto ten years ago the miner reward was 50 bitcoins per block, with a block every 10 minutes. Every four years is a blessed event called the halvening. That's when the reward gets cut in half. There's been two halvenings so far, and the current reward is 12.5 bitcoin. Next halvening is May 2020. There is an anticipated bull run expected before.
This is BECAUSE bitcoin is solid money versus regular government money that's based on inflation. Bitcoin is digital gold.