Quote from: ETFbitcoin on January 16, 2018, 05:12:32 AM

Quote from: Wind_FURY on January 16, 2018, 04:37:29 AM

Quote from: Carlton Banks on January 15, 2018, 12:54:52 PM

Quote from: Anti-Cen on January 15, 2018, 11:18:34 AM

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

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 Roll Eyes

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.

Yes, I know they are different. But if you bother to study how they both work, on the surface, you would see some similarities between the two. But let us wait for CarltonBanks to answer my question.