Does this sound about right?
How to send someone new $5 via Lightning Network:
- 1. You pay a $5 BTC transaction fee to open a LN channel.
- 2. You pay an additional $5 fee to send them $5 in BTC on chain so they can afford to open a channel.
- 3. They pay a $5 BTC transaction fee to open a channel.
- 4. You send them $5 via LN almost for free.
- 5. Pay $5 to close the channel so they can withdraw the BTC.
- 6. $20 in fees have now been spent in order to send $5 of BTC via the Lightning Network.
How to send someone new $5 via Bitcoin Cash:
- 1. Send $5 in Bitcoin Cash basically for free.
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