Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
  • Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
  • The final cut of TMC Podcast #27 is available now with topics time-stamped. We discussed: Consolidation in LiDAR manufacturers; Volvo EX90 shipping with LiDAR; FSD Beta Full Release in N.A.; FSD detecting autopilot cheats, Gwen Shotwell directly overseeing SpaceX Starship; and more. You can watch it now on YouTube. We should have it published to podcast networks shortly.

Distributed Charge: Real Time Machine to Machine Micropayments Over The Bitcoin Lightning Network

  • Like
  • Informative
Reactions: CLK350 and Pkmmte
You don't have to convert it to Fiat Money or pay a transaction fee when you use it. It is just a straight Bit Coin payment

Yes, definitely no fiat money involved.

Fees are non-zero though. As your payment is routed through the lightning network, very small fees are paid at each hop. You also need to pay a fee to initially open payment channels in the lightning network.

If you regularly used the same charger, you could open a payment channel directly with it and then make direct payments, which could then require no additional fees to be paid since no routing is required.

The beauty of the lightning network is that as long as both parties keep the payment channels open, unlimited transactions can be made and received over the channel, with only a few hundred milliseconds of delay for each payment. This hopefully makes the relative cost of opening payment channels continuously diminish.
  • Informative
Reactions: CLK350
Another case of bitcoin/crypto/blockchain solving a problem that doesn't exist

The problem this fixes is vendor lock in and annoying account setups from the car owner's side. From the property owner's side, this can dramatically reduce the barrier to entry of setting up a charge station, which will allow them to generate revenue and help build out the infrastructure needed to make electric vehicles practical everywhere.

Key properties that bitcoin provides both the buyer and seller are limited supply, financial sovereignty, and financial privacy. You'll eventually understand this once your central bank drives the value of your currency to zero. When that happens, bitcoin will be there waiting for you.
  • Disagree
  • Love
Reactions: CLK350 and TomT

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.