Post
Topic
Board Lending
Merits 2 from 1 user
Re: LoyceV's Legendary Little Lightning Loans
by
BitCryptex
on 30/06/2019, 11:43:13 UTC
⭐ Merited by LoyceV (2)
-snip

Why don't you open a channel with LNchat's node? Wink I reboot the server manually once a week so the downtime is negligible.

I guess it's in anticipation of the funds going out that they are "parked" elsewhere.

Coins are locked in a multi-signature address which is in control of both parties.

I'd say the funds don't go to miners, but to the "nodes" carrying the signal.  I might investigate seeing if I can keep a couple of connections open.  

The Lightning Network is an off-chain scaling solution so that's why miners don't participate in payments (except when closing and opening a channel). It works thanks to Hash Time Locked Contracts.

Plus there doesn't seem to be any actual way to send my funds out, I have to wait for a funds request to come in.

That's a known problem which has been already addressed. Sphinx solves it but it's available only to nodes which update to a specific branch.