Post
Topic
Board Bitcoin Discussion
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
BlackHatCoiner
on 16/01/2022, 14:33:35 UTC
so are you saying that in YOUR 'fact' (opinion) the currency inside LN payments is the same?
Yeah, out loud.

and now we full circle back to Msat discussion. and the 1:1000 peg.
You're the reason we're back to the circle. What worries you more? The fact that Lightning has subunit of a satoshi or that it doesn't move in the Bitcoin blockchain? Would you be happy if we stopped exchanging msats, but had sats instead?

are you sure LN transacts "bitcoin". even though "bitcoin" never leaves the blockchain and the pegged "bitcoin" you speak of is locked. and does not transact until its confirmed to have transacted on the bitcoin network.
Yes, because in both cases my money exist and transactions happen, because of a game theory. In Lightning it's the discouragement to cheat in a channel as you may lose all of your funds. In Bitcoin it's the discouragement to go against the rules and work for a 51% attack.