Quote from: franky1 on May 28, 2019, 08:12:46 PM

Quote from: Wind_FURY on May 28, 2019, 06:02:44 AM

That doesn't answer my questions. Are you telling everyone in the forum that the developers from Lightning Labs, the creators of the Lightning Network, are scamming everyone?

stop with your social drama(you used the words lightning labs are scammers. not me)

in short YOU are saying they are all scammers

Meandering. Cool

No, I was asking YOU if you believe they are scammers. Because as far as I know, they will never tell anyone that Lightning has IOU pegged promises to pay tokens. I never said it either, but you did.

Are the Lightning developers not telling everyone the real facts about Lightning?

Quote from: d5000 on May 28, 2019, 05:47:25 PM

Just wanted to write something about the word "IOU" that seems to be a symbol for what's good or bad in LN Wink

IOUs in the Bitcoin world have a bad reputation basically because of exchange defaults like MtGox's insolvency. Of course, you can call a HTLC an "IOU". But the type of IOU exchanges offer to you are extremely different from these offered by LN.

The difference is actually in the way disputes are resolved. A conflict with a centralized exchange about an IOU can only be solved with human intervention, in severe cases the the judiciary system must be involved and the conflict may not be solved at all. In LN, however, you have a totally automated, not compromittable (if not destinating very large funds to double spend via 51% attack) and very predictable dispute solving instance - the Bitcoin blockchain.

Imagine an exchange offering you the same type of security for their IOUs. I, for myself, would use them Wink

LN Bitcoins ("msats") are not equal to blockchain-Bitcoins, but they are backed by Blockchain BTC in a much more reliable way than all centralized wallet providers, exchanges, etc. can provide. And most (if not all) Bitcoin users still use these centralized providers, so why shouldn't they use LN if it's even better?

But there are no IOUs in Lightning. They are actual signed transactions by the participants of the channel that have not been broadcasted in the network yet.