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#msg50781071Always DYOR.
windfury
learn the difference between a CLTV contract (the lock/vault) and HTLC(the iou/pegged denomination). they are 2 different types of contracts/agreements.
as for saying my info is out dated. sorry but playing with only CLTV was the old crap. now they use HTLC for the payments which is where new things like factories and ELtoo come into play, as well as turbo funding and no collateral funding channels to allow instant use without confirms and such.
please its of benefit to you to really try to learn LN
as for saying there is no token issued. again check out msats