Post
Topic
Board Bitcoin Discussion
Re: So we tried out Lightning tonight at ROOM77
by
kiklo
on 03/04/2017, 17:36:34 UTC
Anyone that reads the LN Whitepaper , can see stealing BTC from LN, requires nothing more than evading their time locks.

That is true for any 'refundable' time locked txn, like Atomic Cross Chain Transfers.

If I can stop you from claiming the coins before the time lock expires, i can refund them back to myself (after I have taken your coins aswell that is).. Just have to prevent your TXN from getting on chain.

This is much harder to do than I think you are implying.

Hard for you & me , yes it is.

But the rich guys that can collude to 51% attack or the rich guys that can spam the network until your timelocks expire, it is easy as pie.
* The only poor people able to pull it off , are the Hackers that learn to Hack the LN Nodes, and modify the timelocks ahead of schedule.* Wink

 Cool