Do you deny these hub things take transactions of the block-chain that we were told was the best thing since sliced bread
Do you deny these hub things charge fees and keep a private ledger
Do you deny these hub things use a degree of centralization
disagree all you like but I will call these "Hub things" banks because they are
Do you deny these hub things charge fees and keep a private ledger
Do you deny these hub things use a degree of centralization
disagree all you like but I will call these "Hub things" banks because they are
Anyone can open a Lightning channel with anyone else, and anyone can also open as many channels as they like. But I guess you're going to call anyone with more than 1 channel a bank
Carton, would it be fair to say that the Lightning Network would function like Ripple but with a few differences like, Lightning channels are backed by real Bitcoins while a Ripple "trust" channel is backed by nothing but an IOU?
I would like to add that OP looks like a Ripple supporter.
LN and Ripple are different, if you bother do your research. Also, i'm not ripple supporters.