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Topic: You don't need a mobile device to make lightning payments - page 2. (Read 434 times)

jr. member
Activity: 278
Merit: 5
Invest and play
The real crypto payments are driven by mobile devices, I don't see how this would be possible. Not needing a mobile device to make lightening  payments is not exactly true. Even those who propose SMS based crypto transactions would still need a mobile device to have them go through!
hero member
Activity: 2520
Merit: 952
There are always alternatives. Mobile payments are popular because literally everyone have it. Don't make simple things complicated.
legendary
Activity: 3472
Merit: 10611
A protocol like this would need to be standardized of course, it's still not existent.
you might wanna add that to your opening post!
i am no expert in the matter but are you sure that it can even work? for example the MAX part i am sure won't work because these are transactions that you are partially signing you can't create a transaction that has a variable amount. if you sign it with 10k satoshi, it will be worth 10k satoshi and no more or less. so you can't send 9.9k if the shop asks for that much.

Quote
O ya, and for people who are unable to setup a server at home, they can use a 3rd party "trusted" service
all this fuss is happening so that we don't need "third parties" Cheesy
hero member
Activity: 672
Merit: 526
Why would we go back to paper? Please do not. We have already passed this stage. In addition, it would make the use of Bitcoin as a means of payment even more technical. For both the payer and the receiver. We need to simplify, not hinder.

I believe that smart cards can eventually be used in transactions using LN. And the principle would not be so far away from its proposal. But paper, printer, have an always online node etc. There are many things that can go wrong in this proposed scheme.
member
Activity: 100
Merit: 16
Quote
Do you mean that your node is online at your home and has some custom software that operates as a server that merchants can send their payment requests to, and it requires authentication codes?
Ya basically. A protocol like this would need to be standardized of course, it's still not existent. But for privacy reasons, security reasons (phone gets hacked), and other reasons, I don't like to use a phone, and would prefer just to pay by paper, so if others feel that way, then we can create something, and it could be more accessible to a wider variety of people. No rush Smiley Just brainstorming and making it clear because I keep seeing posts saying you need a mobile phone to pay by lightning, and you can't have anything equivalent to a paper wallet.

O ya, and for people who are unable to setup a server at home, they can use a 3rd party "trusted" service where they can just print a bunch of paper bills associated with their account, all just by logging in to an online interface.

It could also be just a plastic card with a fixed code that has a daily limit, and each store would have to send auth credentials (cryptographic signature) together with the code, and you can have a "whitelist" of trusted merchants (public keys) with a limit specified for each merchant. Lots of different variations of this idea.
legendary
Activity: 3024
Merit: 2148
Can you tell us in detail how step 2 works? What exactly are these "auth keys" are you talking about? There is nothing like that in any cryptocurrency wallet, because a signed transaction requires the knowledge of receiving address, so you can't create any crypto-notes that can be sent to anyone.

Do you mean that your node is online at your home and has some custom software that operates as a server that merchants can send their payment requests to, and it requires authentication codes? Sounds very inconvenient for both the user and the merchant, why not just buy a cheap phone and pay with one fast QR scan?
legendary
Activity: 1652
Merit: 1483
How would it work with multiple stores?  I'm guessing you'd need a channel open with each of them?  Without a device, you won't know what routing is available in real-time.  Do you then have to be a bit more careful and make sure you've given them the bills for the right channel?  Could get slightly messy.

without a channel open with each store already, the setup seems to assume that both nodes are well-connected (whether via various channels or a hub of sorts). if the bills weren't for the right channel (so to speak), i suppose the store wouldn't receive the payment---easy enough. Cheesy

Also, if by chance there is no route between my home node and the receiver, then my node can automatically try to establish a funding channel with the receiver (can take time of course to confirm on the blockchain). But in any case the receiver would have to create the invoice and send that together with my auth code to my node, and my node would look at the invoice to make sure the right person gets paid.

sounds like a case where i'd prefer to send a standard bitcoin payment. Tongue
member
Activity: 518
Merit: 11
I think the transaction will be more practical if bitcoin has MasterCard, we only fill in the MasterCard balance, then we can use it for each transaction.

we don't need a QR code, or we don't need perfect data, we only need to use MasterCard bitcoin.
member
Activity: 100
Merit: 16
Quote
How would it work with multiple stores?  I'm guessing you'd need a channel open with each of them?  Without a device, you won't know what routing is available in real-time.  Do you then have to be a bit more careful and make sure you've given them the bills for the right channel?  Could get slightly messy.

My understanding of the Lightning Network is that no funding/waiting is needed as long as the sender of the transaction has funded a channel that is within n hops of a node that has funded a channel with the receiver. Correct?

Also, if by chance there is no route between my home node and the receiver, then my node can automatically try to establish a funding channel with the receiver (can take time of course to confirm on the blockchain). But in any case the receiver would have to create the invoice and send that together with my auth code to my node, and my node would look at the invoice to make sure the right person gets paid.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
I would like to dispell the myth that you need a mobile device to pay at a store with lightning. I personally don't carry a phone or such device with me when I am outside.

I think it is quite simple actually.

1) Set up a lightning node at home
2) Print little paper bills with QR codes that act as one time auth keys for telling your node to send money with lightning. Print different denominations such as 10k satoshi, 50k satoshi, 100k satoshi
3) At the store, whatever the price, you give the paper bills and they scan them, and (as long as they have a computer with an internet connection) then your node sends the right amount. The denomination of the bill would specify the maximum that your node would send for the auth key. So if you have to pay the store cashier 152k satoshi, then you would give a 100k bill, a 50k bill, and a 10k bill. Yes they may steal 8k satoshi from the extra amount allowed by your 10k bill, but that's worth like 50 cents now, so it's a small risk, and you can use smaller denominations if you wish.

This type of setup would need a standard protocol that nodes use and cashiers would have on their computers, so would be worth starting on this if someone wants.

How would it work with multiple stores?  I'm guessing you'd need a channel open with each of them?  Without a device, you won't know what routing is available in real-time.  Do you then have to be a bit more careful and make sure you've given them the bills for the right channel?  Could get slightly messy.
newbie
Activity: 11
Merit: 0
I think it's a great idea and it's pretty safe.
member
Activity: 100
Merit: 16
I would like to dispell the myth that you need a mobile device to pay at a store with lightning. I personally don't carry a phone or such device with me when I am outside.

I think it is quite simple actually.

1) Set up a lightning node at home
2) Print little paper bills with QR codes that act as one time auth keys for telling your node to send money with lightning. Print different denominations such as 10k satoshi, 50k satoshi, 100k satoshi
3) At the store, whatever the price, you give the paper bills and they scan them, and (as long as they have a computer with an internet connection) then your node sends the right amount. The denomination of the bill would specify the maximum that your node would send for the auth key. So if you have to pay the store cashier 152k satoshi, then you would give a 100k bill, a 50k bill, and a 10k bill. Yes they may steal 8k satoshi from the extra amount allowed by your 10k bill, but that's worth like 50 cents now, so it's a small risk, and you can use smaller denominations if you wish.

This type of setup would need a standard protocol that nodes use and cashiers would have on their computers, so would be worth starting on this if someone wants.

Edit: You can also use plastic/cardboard cards with a fixed code that has a daily limit and you can set "approved merchants" that are identified by public keys, and each merchant can have a unique daily limit.
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