Post
Topic
Board Development & Technical Discussion
Re: The Lightning Network FAQ
by
LoyceV
on 05/04/2021, 19:39:01 UTC
Is it true that Lightning Network uses BTC values that aren't equal to their mainnet counterparts?
No. Any site I've seen uses the same exchange rate for on-chain Bitcoin and LN Bitcoin. Only fees are different, and that might include an additional cost for on-chain consolidation (I've seen a payment processor add 0.0002 BTC to the on-chain Bitcoin amount for this).

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Does 1 mainnet BTC really ≠ 1 LN BTC?
No, not really.

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Lightning would have been good, but I have one big problem: the value. 1 BTC ≠ 1 LBTC. Because of this, it is possible to lose a lot of money due to price fluctuations.
Lightning Bitcoin LBTC is a shitfork worth about $2. Maybe that confused him?

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It would be damning if bitcoins on LN don't trade 1:1 (or at least close to it) against bitcoin, because that would impede people from moving their bitcoins to it.
If anyone's willing do to a different exchange rate in either direction, I'm totally okay paying half price for their LN or on-chain Tongue