Post
Topic
Board Development & Technical Discussion
Re: How's Lighting Network gonna be implemented on Bitcoin? Do you approve it?
by
Carlton Banks
on 15/10/2017, 13:07:06 UTC
Here's something that I can't quite believe I've only just thought of:


What's stopping Lightning users from opening a channel where they (the user) are the owner of both of the multi-sig addresses that constitute the channel?

Answer: nothing.



And that's pretty powerful really, and makes a nonsense of the whole "centralising hubs" or the "subscription payments only" criticisms. Anyone can open a channel and use that as their on-ramp to the Lightning network, without having to involve a 3rd party, or open separate channels with everyone they do business with.



Any drawbacks to this that anyone can think of?