Post
Topic
Board Bitcoin Discussion
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
franky1
on 14/01/2022, 17:41:43 UTC
millisat payment
Would you be more okay with Bitcoin LN if the minimum amount would be 1 sat? If so, it's probably not that difficult to adjust the software and start your own node.

seems even now with your post being the 71st post of this topic
you and certain people want to pretend everything in LN it bitcoin format, where you want to brand tag an altnet as being bitcoin. by also saying LN is permissionless contracts that all can broadcast because 'its bitcoin'.... but then.. yep you slip up and make contradictions by admitting LN does handle millisats payments which are not blockchain compatible.

can you all stop the flip-flop(aka contradictions) and learn
1. difference between bitcoin locked value on the blockchain vs the 1:1000 pegged millsat LN payment
2. learn the unbroadcast commitment that use channel peers pubkey vs LN millisat payment using destinations payment_hash
3. LN millsat payments(aka invoices aka htlc aka sphinx onion encrypted payments) (whatever buzzword of the week you please) is not the same as a bitcoin broadcastable transaction
4. learn the bitcoin protocol does not have LN dns, peer handshaking, channel create code

if you can learn that there is no separate 'bitcoin LN network' and separate "litecoin LN network" and realise the LN network is its own network of its own protocols that allow channels with different pegged coin.

if you actually learn the differences of why LN is not bitcoin. then you can learn to actually PR campaign based on the differences, and give people some reason to want to use LN for the niche use cases where bitcoin doesnt fit their need.

trying to call it bitcoin lightning network as if the LN network is the bitcoin network. is just misleading