Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Lightning Network Observer
by
BlackHatCoiner
on 07/11/2022, 17:17:28 UTC
⭐ Merited by JayJuanGee (1)
dare you guys to try to take a onion packet (LN payment) and get it confirmed on the bitcoin network
An onion packet-ed lightning payment should not have interaction with the Bitcoin network. It should have interaction with the lightning network. Because it's a lightning payment.

i guarantee you it would even relay around the nodes, it wont end up in mempools and wont be put into a block.
Correct. Because a lightning payment is not a Bitcoin transaction that is sent across the Bitcoin nodes. It is a Bitcoin transaction that is exchanged between two Bitcoin nodes. At some point in the future, after these two nodes coordinate, they can publish their latest commitment (aka Bitcoin transaction), and I guarantee you that the Bitcoin network nodes will relay it, provided that it complies the consensus rules.

LN network can continue running with channels and making payments even if there was no bitcoin "locks" pegged to channel payments because the channels would still make payments using different currencies pegs..
Not my lightning node. My lightning node only recognizes bitcoin. I'm only willing to send and receive bitcoin, and I'm sure others do too. We form a network. Payment channels can work in Litecoin, Dogecoin, Bitcoin Cash etc., but not in our Bitcoin-only configured nodes.

bitcoin does not ever leave the bitcoin network. it relies on locks and pegs.. and LN has no network wide consensus to audit/account/secure those pegs/locks.
It doesn't need consensus, other than the consensus between the two participants. Rath and n0nce can choose to configure their nodes to consider Litecoins Bitcoins, and equate Litecoin-based lightning payments with Bitcoin-based lightning payments. As long as me and my channel partners don't, n0nce and Rath hold no sway to me. What's so difficult to understand about that?