Post
Topic
Board Bitcoin Discussion
Re: Lightning network
by
Zin-Zang
on 28/07/2018, 05:36:10 UTC
You say that as if the users do not have full control over their Bitcoins and channels. They still do have 100% of their coins.

OMG..
lets address the last point first.
in LN YOU DO NOT have full control over your bitcoins.. LEARN MULTISIG
it requires signatures of more than one person. atleast learn that as a basic first lesson.

just because it is using multisignature features it doesn't mean you don't have full control over your funds. you still own the signed transaction that is required to "settle the real balance on the blockchain" so to speak if the other party didn't honor his end of the deal.
maybe you need to read the paper or use LN first at least then talk about it! Wink

Maybe someone should explain to you the definition of FULL CONTROL.
Definition of FULL : COMPLETE
Definition of CONTROL: AUTHORITY OVER

Now put them together:
FULL CONTROL = COMPLETE AUTHORITY OVER

Therefore multisignature which grants a portion of control to another party,
means exactly THAT YOU DO NOT HAVE FULL CONTROL!

Franky1 is right again and LN supporters wrong again. Looks like a pattern to me.  Cheesy

You could argue that there is shared control, but never full control.

I now understand why you LN guys are so clueless, your complete and utter failure to understand the English Language.
Explains a lot.  Cheesy