BTC miners & BTC nodes secure the BTC ONCHAIN Network.
LN Hubs will Secure the LN Notes, BTC miners have no power to determine how LN handles it's OFFCHAIN Note system.
Your link above, the guy that wrote it is an idiot, he says and I quote
Just a few lines down on the same page , he contradicts his earlier statement.
See when people lie , like he did , when they keep talking , the contradictions appear.
LN=Goldsmiths/Banks
History unlike humans does not lie.
LN Hubs will Secure the LN Notes, BTC miners have no power to determine how LN handles it's OFFCHAIN Note system.
Your link above, the guy that wrote it is an idiot, he says and I quote
Quote
Lightning Network transactions are bitcoin transactions.
It is incredibly important to remember this and repeat it to yourself over and over again.
The Lightning Network never holds custody of anyones funds.
It is incredibly important to remember this and repeat it to yourself over and over again.
The Lightning Network never holds custody of anyones funds.
Just a few lines down on the same page , he contradicts his earlier statement.
Quote
The Lightning Network has problems with exchanging significant amounts of value.
For the Lightning Network to function, it requires that users and businesses lock up as much bitcoin as they would ever expect to transact over a given period of time.
For the Lightning Network to function, it requires that users and businesses lock up as much bitcoin as they would ever expect to transact over a given period of time.
See when people lie , like he did , when they keep talking , the contradictions appear.
LN=Goldsmiths/Banks
History unlike humans does not lie.
That second part could probably have been phrased better, but if you've somehow come away with the impression that LN does hold custody of any funds, that's purely down to your misinterpretation of it. He's not lying, you're just looking for a problem that isn't really there and somehow twisting the words to suit your preferred meaning. Yes, for it to function, "it requires that users and businesses lock up as much bitcoin as they would ever expect to transact over a given period of time". That's how it works. You lock the total, then within that total you can send transactions back and forth. When you're done, the same total remains, no more, no less. I don't see how you think that's in any way a sign that someone can make some coins appear out of nowhere and then add them to the blockchain. It simply can't happen.