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Bitcoin [BTC] enthusiasts create a fully functional POS lightning system; Customers pay for beer in BTC

Anvita M V

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Bitcoin [BTC] enthusiasts create a fully functional POS lightning system; Customers pay for beer in BTC
Source: Unsplash

On 1st September, a group of Bitcoin [BTC] enthusiasts came together and implemented a fully functional POS lightning network for a bar in Berlin called ROOM77. The customers routed their Bitcoins through the lightning network to pay for their beers. The news spread quickly after a Redditor ‘joecoin’ posted about the event on the cryptocurrency subreddit a day after it took place.

Crypto enthusiast Rene Pickhardt, who created the network along with several others also tweeted about it on 1st September on his Twitter page.

Enthusiast's post on 1st September | Source: Twitter

Rene Pickhardt’s tweet | Source: Twitter

On 2nd September, Redditor joecoin posted an update on Reddit displaying his enthusiasm. It read:

“Stuff just got real. Real as in applied in a real world business in a real world usecase recklessly using real money. People opened channels to our node and paid their bill and other people did not open channels to us but their payments were successfully routed and arrived in literally microseconds as well anyway.”

Moreover, the Redditor declared the end of the much-discussed Bitcoin scaling debate, stating:

“I am herewith declaring the end of the scaling debate. This problem is solved. We can now refocus on the actual challenges like fungibility and privacy in Bitcoin.”

He further added:

“This kind of innovation feels like the early days of Bitcoin all over again,”

The Twitterati was interested and curious to hear more about the event. Twitter user Brad Mills put across a question to Pickhardt:

“How can you pay with no channel?”

To this Pickhardt quickly replied stating:



“No DIRECT channel. The payment was routed over several channels.”

Another Twitter user frederikmetz asked Rene how far it all worked. The user also asked if a channel was required to be open beforehand if he/she ever went to buy a burger at ROOM77. The enthusiast replied by stating:

“ROOM77 node has some high liquidity inbound channels so if you have some good outbound channels it works like with the @Stadicus3000 payment. For my cola I used a payment channel on @DZack23 ‘s node which he borrowed from our spark as a service node.”

Moreover, the guy claimed that he has video evidence and will soon be posting an elaborate article explaining the process, with the video in it. 





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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.

Bitcoin

Craig Wright withdraws evidence, US Presidential Candidate emphasizes on crypto-regulation and more

Priya

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Craig Wright withdraws evidence, US Presidential Candidate emphasizes on crypto-regulation and more
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Daily Crypto News – April 18

Craig Wright withdraws email evidence: The self-proclaimed Satoshi Nakamoto withdrew the email evidence submitted to the court with regard to Kleiman case. This news comes days after some members in the community suggested that the email evidence was “fake”. Notably, the evidence was withdrawn as Wright could not verify the timeframe of when the emails were exchanged.

To know more, click here!

US 2020 Presidential Candidate urges the need for cryptocurrency regulation: Andrew Yang, the United States 2020 Democratic Presidential candidate, released a new policy, which emphasized on the need for regulating the digital asset place, and also listed the actions he would do for the cryptocurrency market as the President. On his official Twitter handle, Yang stated that, “Investment in cryptocurrencies and digital assets has far outpaced our regulatory frameworks”.

To read more, click here!

Bitcoin SV network witnesses yet another blockchain reorganization: It was reported that Bitcoin SV’s network witnessed another blockchain reorganization on a 128 MB block, with over six blocks orphaned [#578640–578645]. Moreover, Bitcoin SV’s network was unresponsive for over an hour.

To read more, click here!



Craig Wright takes on evidence and law: In a recent blog post, Wright speaks about proving to be the creator of Bitcoin, Satoshi Nakamoto. He stated that, “the important thing to understand is: law is law. Code (programs and algorithms) in any form is merely evidence… You see, ownership of the key is not proof of anything other than the possession of a key”

To read more, click here!





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