Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: The Lightning Network FAQ
by
Wind_FURY
on 30/04/2019, 07:00:58 UTC
⭐ Merited by bob123 (1)
if you dont understand that Msats are pegged tokens
if you dont understand that HTLC's are just agreeing who owes who wht but a HTCL is not and will never 'settle'

then you have not learned anything about LN

as for your over meanders about bigblocks and altcoins.. my stand is about scaling BITCOIN. not deburdening BITCOIN and scaling alternative networks


franky1, listen. You need to update your understanding of the Lightning Network. You have been using the same debate that it's an "IOU system" from 2 - 3 years ago. You are simply wrong.

In Lightning, not one user "deposited" Bitcoins to another party, and then issued with a worthless token. They are actually signed transactions made by both participants of the channel that can be broadcasted and included in a block in a later time. It's actually a smart contract between two parties.

The newbies are beginning to understand, https://bitcointalk.org/index.php?topic=4792622.msg50781071#msg50781071

Always DYOR.