Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For example, A and B connect to me with 1 BTC each. I copy their public key to an offline machine and have it generate a million transactions each (or however many are needed) to account for every possible signed transaction then transfer that to a computer online.
Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
No you can't do that. You only get some coin from Alice that you must pass on to the opposite end of one of your open channels. Each channel has only two ends: you and the other guy. So you get money on one channel (Alice), you pass it on to Charlie, which will help with another hop, until the coins reach the final destination - Bob, but none of the intermediate nodes knows that. You can't withhold the funds within your node. They must travel onwards.Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
And in this scenario could we interpret every single channel "section" (aka my combined 2 connections (Alice to me, and me to Charlie) as a tx confirmation? Thus, a passthrough of let's say 5 channels equals 5 confirmations?
Also, could we interpret the dropping number of average txs as a result of LN growing?
