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
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.
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
Ok, I will do my research and ask around. If this is another one of your misinformation, then I don't know why you're doing your misinformation rampage.
You guys should stop arguing here, @BitCryptex made this to be educational and informative.
Sorry if our debates annoy some of you, but it's also an educational experience if you do it, or follow the debates.
Here's something franky1 said, help me do the research on why he believes Lightning is a network for "IOU pegged promises to pay tokens",
Quote
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[/b] 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.
He's usually gaslightng, but it's good to always give someone the benefit of the doubt and verify for yourself through research, if the information was correct.
