I particularly hate it when they refer to routing as "staking."
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Are these people that fucking stupid or are they just bald faced lying!? LN has a lot of issues. Real things you could legitimately criticize and FUD about. So why lie!? It uses zero confirmation transactions with a bizarre untested security scheme. But it *is* bitcoin!
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The 0-conf doesn't really apply to layer 2 though. It's more of a channel update that's backed by punishing contracts.
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A LN transaction is zero confirmation. It has not yet been published or confirmed. Yes, it is bitcoin. And yes it is an actual bitcoin transaction. But it is zero confirmation. It's security model using a HTLC is complex and has security concerns. I think it's fine for low value
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So risk in LN are way lower (approaching zero) than accepting zero-conf and handing over goods.
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In other words LN does NOT allow for double-spends. This is a critical difference with zero-conf.https://twitter.com/irek_zie/status/1018752670247669760 …
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Technically... it DOES allow for double spends. BUT only during the closing of a channel, and ONLY if the recipient is offline for 3 days+, AND has no watchtower software to keep them safe.
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But this "double spend" can only be one of the previous channel closing tx that you already signed. They cant redirect this money for some other purposed (as they need your signature in multisig).
- 1টি আরও উত্তর
নতুন কথা-বার্তা -
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lol that’s like saying my beanie babies are bitcoin, so long as after we are done trading we finalize the tally on to the blockchain.
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No. It's not. Because a LN transaction is a bitcoin transaction. Not anything else.
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are atomic swaps to another token still bitcoin?
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There are no atomic swaps involved with using LN.
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Actually, come to think of it, you can consider LN payment routing to be a chain of atomic swaps of bitcoins for bitcoins. So in that sense they are involved.
কথা-বার্তা শেষ
নতুন কথা-বার্তা -
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Too many people making statements about LN that have clearly never actually spun up a node and used the system themselves.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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They get their talking points, and they repeat them.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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The main problem is that the vocabulary isn't stable. Especially LN critics tend to use LN jargon very inaccurately and have gaping holes/dirt in their understanding. It's curious how little understanding people consider to be enough for talking about a system with conviction.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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Psst: It's Bold faced lying... not bald. As for the rest, you're accurate. At no point is it "staking", nor does it ever cease to be Bitcoin transactions.
ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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Exactly right. Learned this from
@aantonop on an LTB podcast episode a while ago. Rely on people like Andreas and@lopp,@TheBlueMatt,@peterktodd for technical knowledge. Thanks all for your contributions to the community!ধন্যবাদ। আপনার সময়রেখাকে আরো ভালো করে তুলতে টুইটার এটিকে ব্যবহার করবে। পূর্বাবস্থায়পূর্বাবস্থায়
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I read and read about LN but it took me to get a LN node going to get that ah hah moment.
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That was my experience also. Forget the FUD and try it for yourself is the only way! Lightning blew me away and it’s only going to get better!!
কথা-বার্তা শেষ
নতুন কথা-বার্তা -
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