Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
FlyingDream
on 16/01/2022, 00:15:06 UTC
⭐ Merited by JayJuanGee (1)
Okay, I'll take a bite at the apple:

4a. define "payment"

4b. define "payment"

5a. define "peg"

5b. define "peg"

5c. no

6a. define "payment"

6b. define "payment"

6a. define "payment"

7a. no

7b. redundant

7a. (yes, you screwed up your numbering) define "peg", and immaterial *

7b. redundant, and immaterial *

7c. yes, and immaterial

(and now the ultimate, but long winded question which guide where we have difference of opinions the most on)

knowing of turbos 'features' and the github discussions of making it a bolt. in a scenario of LN when using a chainhash of bitcoin network genesis as the bases of seeking funding:

8a. question is directed at a third party

8b. vague ("involve"/"certain situations"), but to the extend the question is cognizable the answer is no (because amicability is not required)

8c. no (again, amicability is not required), and immaterial (everything "involves a level of trust in certain situations", including bitcoin)


You are using the word "peg" in a different way than it's typically used in the cryptocurrency and legacy finance world, so your comments in this vein are largely incoherent.

As for the word "payment", I'm sure I triggered you by questioning your usage of this word, but before you respond please do yourself the favor of going to your local library, taking out a dictionary (Merriam Webster is my go-to), and looking up the definition of the English word "payment". You might be surprised to learn that literally none of the many definitions of the word "payment" make any reference to the notion of currency.

As for immateriality, this debate is not about turbo features, it's about LN. Yes, turbo is an optional feature of LN. Optional. It is not required to participate in the network.

* When you say "LN channels" in these questions what you actually mean is "LN nodes". Based on the rest of this thread, you appear to have some confusion surrounding this distinction between nodes and channels.