Quote from: LoyceV on April 18, 2018, 08:09:06 AM

Quote from: Loveboard on April 17, 2018, 11:06:58 PM

People will lose money from bitcoin because LN was hacked in some way, and they won't blame LN... it'll just fall on bitcoin.

No. Just like the fact that people lose money when their computer gets hacked doesn't weaken Bitcoin. "Be your own bank" comes with responsibilities, or to state the obvious: "it's a feature, not a bug".

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But if LN's ledger system is as infallible as bitcoin's, then I guess there's nothing to worry about.

There is no ledger system, it's just two people with their own LN wallet. There could be a few hubs involved, but the only way to lose your money is if you lose your wallet.

Well, if mainstream peeps view LN as a wallet, even though it's not, then what I've said is kind of true.

When that ETH wallet got "miscoded" because one dude put in an errant line of code in the multi-sig, it froze up millions of dollars worth of ETH. Even though it was just one particular wallet that was affected, the major news outlets reported it as ETH itself being hacked.

I'm not saying the same thing will happen with Bitcoin, but if LN gets "hacked" in such a way, then... they'll just make an overreaching statement and say bitcoin was hacked.

It's different if you're talking about your hard drive or your wallet on your PC getting stolen... because no one sees that as connected to bitcoin. LN is already being touted as "part of bitcoin," so if it gets hacked, then they'll just assume bitcoin was hacked. That's the way they think.