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!
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.
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.
At this stage we don't even need to refute your misinterpretation of it. We'll just quote you, so that when you realise how totally and utterly wrong you are, you won't be able to go back and edit your posts to mask your ignorance. Anyone who does understand how this works can immediately recognise how totally unknowledgeable you and franky1 are. Providing you act within the rules of the network and stay online to counteract any malicious activity by the other party, you are in total control of your portion of the funds in the channel. That's how it's designed to work. Learn smart contracts.
If you mistakenly spend from an outdated channel state or go offline and miss the expiry of the timelock, then that's a breach of the smart contract, so yes, you can potentially lose control of your funds in those situations. But as the technology advances, developers will clearly work on reducing those risks as much as they can.