Quote from: DooMAD on February 27, 2018, 04:36:56 PM

Assuming you aren't foolish enough to spend from anything but the most recent commitment transaction, there won't be any disputes. Once the software is more user-friendly, chances are it won't even give you the option to mess it up.

I don't think that the exodus wallet will offer these option let alone would anyone understand input/outputs
unless they have taken years to learn about Bitoins.

Quote

Your logic is the only single point of failure here. There isn't one single hub that controls everything. There will be many channels. Lightning will never "go down", just like Bitcoin itself never will. You'll simply take another route through different channels and probably won't even notice.

Your rudeness shows that you have lost the debate and if a user only pays to open a channel to one banking hub at a time
because these things cost money then if the banks goes down then the user is stuck. Words smith will not change this fact
and is known in technical terms as "Centralization"

Quote

Again, not an actual issue if you understand how it works.

Maybe it is because I have taken the time to look at how it works instead of looking for candy.

Quote

There are no "banks" charging "interest" for "keeping BTC in the ledger". Most people would struggle to fit that much wrongness into a single sentence. If you genuinely want to gain an understanding of how fees and revocation in LN work (but I'm starting to suspect there's nothing genuine about your posts at all), there are plenty of resources available. I strongly recommend stackexchange.

Again I can only refer you back to the lightning white paper, specifically the part about bi-directional channels needing BTC from both
parties in the ledger or do you think that some nice man you don't know is going to tie up his money for you free of charge inside a ledger.

Quote

If you think Lightning works like a joint business venture or defrauding someone out of a controlling share in a company, I'm afraid there's not much we can do for you here.

$5bn missing in Bitcoin did seem like big news but I am sure fraud is never involved when it comes to Bitcoins because we have the block-chain
to protect us right.

Quote

Start what, exactly? Making shit up? That's not how you debate.

Mr Angry Bird is now trying to give out advise on how to debate but was he to read the white paper
https://lightning.network/lightning-network-paper.pdf
and to do a word count on the term "Fee" or "Fees" then he might notice that it is mentioned forty five times
in the document and then lets see who's "Making shit up" here.