Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
suchmoon
on 10/01/2022, 03:59:56 UTC
⭐ Merited by LoyceV (2) ,vapourminer (2)
Quote
LN has no network wide audit/consensus that checks that all nodes/channels are all connected to the bitcoin network.
some LN users right now only have channels/nodes pegged to litecoin
True. But as far as I know, those LTC-LN-nodes won't interact with a BTC-LN-node, so even though they all use some form of LN, they won't mix up transactions.

Wasn't there a big selling point of LN during the whole block debate shitshow that among other things it will enable atomic swaps? TBH I'd be far more excited about that than merely pushing sats around - even though it doesn't fit the "BTC über alles" spirit of this forum but let's face it, shitcoining exists, and shitcoin<->BTC conversion is big business currently almost entirely monopolized by KYC and DeFi nonsense.