Quote from: franky1 on Today at 06:19:58 PM

you fell down a hole there.. are you sure about that.. you might want to check with even the LN devs that have themselves been cheated out of funds by their channel partner..

It's a game theory. Another game theory is that we'll constantly have honest miners which will work on extending the chain, punishing those who attack it with their computational cost and rewarding themselves. Does that mean it can always work? Of course not. We've seen lots of 51% in other chains. However, it remains a game theory which works most of the times.

I have been ripped off more times in real life than stolen from my partner in the lightning network. And I've only been ripped off once.

Quote from: franky1 on Today at 06:19:58 PM

"commitments" and "punishments" and "settlement" are actually terms that are part of LN... even if you want to ignore and pretend they are not part of it..

I don't ignore them. They are part of LN. Their existence is what makes it a non-debt-based system.

Quote from: franky1 on Today at 06:19:58 PM

no ones permission?? um.. you might need to check on that.. theres this little detail called a signature.

There's no time when you've updated your state without having a valid signature. Even before you deposit your money, the node has already given you its signature. You can always force-close the channel without anyone's permission.

Quote from: franky1 on Today at 06:19:58 PM

but thank you for now contradicting yourself by now admitting (within same post) that there is a IOU (debt) based system. where they can claim the debt to be settled later.

It's an IOU, but you're the one who can pony up at any time, without anyone's permission. Fair enough?

Quote from: franky1 on Today at 06:19:58 PM

the kids didnt experience anything blockchain when doing their test transactions.. even titular self admitted that he thought that the blockchain stuff was boring and slow

The kids are kids. Don't make me repeat myself. Their interaction with bitcoin is more than enough and the teacher has gained my respect.

Quote from: franky1 on Today at 06:19:58 PM

1. pretend you are teaching about the different networks but then pretend its all the same

Never said that.

Quote from: franky1 on Today at 06:19:58 PM

2. pretend you are teaching them about bitcoin but then use a network that has no blockchain

They did transfer tBTC, though.

Quote from: franky1 on Today at 06:19:58 PM

3. pretend you are teaching them about blockchains, but never do an onchain transaction infront of them

- C'mon titular, how didn't you teach them about public-key cryptography? Now they can't understand the way digital signatures work...

Quote from: franky1 on Today at 06:19:58 PM

where as hubs.. those who are running as financial businesses by co-authorising hundreds/thousands of their 'customers' channels.. would be the banks

And where did he specify he handed out his coins to a hub?