Post
Topic
Board Bitcoin Discussion
Re: The Barry Silbert segwit2x agreement with >80% miner support.
by
hv_
on 12/07/2017, 06:35:50 UTC

Thanks for posting this. This was quite useful in gaining a general idea of the LN. Although I do agree with many people that this feature is "not Bitcoin" as some say, why the hate for it? It seems like a neat addon to bitcoin's capabilities and it does not require a radical protocol change. LN can be extremely useful to those who make frequent use of the bitcoin network (ie transact often).


... and you fully trust into some sales arguments:

"Q 7: Will there be any form of custodian risk in a Lightning Network?

Do I need to trust anyone to hold my money on my behalf?

A:

No, this system is not based on trust; you remain in full control of your money.

If anything goes wrong, you simply broadcast the latest state of your channel as a normal on-chain bitcoin transaction.

All your money will be returned to your address, and it will be recorded on the blockchain as normal."


You would insert 100 coins, no insurance needed ?