As long as you have a channel with that person preconfigured and funded right? Otherwise you need to do an on chain transaction with on chain fees to set up that sub one cent transaction.

[–] Feddyteddy@lemmy.sdf.org 4 points 1 year ago

No. I have opened up exactly 1 channel with 1 other person years ago, and it was done automatically when I installed the app. Since then I have been able to send and receive bitcoin to anyone I've wanted to instantly and for a miniscule fraction of the amount that I have sent. I am really surprised, I had no idea that so much misinformation was being passed around amongst people who have never even decided to try it themselves or even look into it deeply at all.

[–] Astroturfed@lemmy.world -1 points 1 year ago (1 children)

Shhhh, don't point out how there has to be a large pool of the currency sitting in someone's account and that the person often disappears with it all or spends it. That upsets their narrative. No regulation or oversite is GOOD.

[–] Feddyteddy@lemmy.sdf.org -2 points 1 year ago

This is absurd. It is impossible for anyone to disappear with the money, nothing like this has or even can happen. Please post any source even claiming this. I am baffled that it would even cross your mind to even make such an absurd claim. Please post a source.