dare you guys to try to take a onion packet (LN payment) and get it confirmed on the bitcoin network
i guarantee you it would even relay around the nodes, it wont end up in mempools and wont be put into a block.
LN payments are not bitcoin nor even measured in anything bitcoin understands
Literally every channel close transaction ever. Not Onion packets, but the channel state updates that are exchanged through them; those are simply valid channel close transactions that you can publish. i guarantee you it would even relay around the nodes, it wont end up in mempools and wont be put into a block.
LN payments are not bitcoin nor even measured in anything bitcoin understands
Would you argue that any Bitoin script that is not the regular OP_DUP OP_HASH160 <pubKeyHash> OP_EQUALVERIFY OP_CHECKSIG P2PKH transaction, 'is not Bitcoin'?
Lightning is nothing more than a different (but totally standard and accepted - otherwise it would be impossible to close channels - Bitcoin script) and exchanging updates of the spending transaction in an off-chain manner.
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.. so yea LN hint is in the N of LN is a different network and not bitcoin
That makes no sense. When updating channels, you don't do much more than updating a spending transaction for both peers. If there is no blockchain to create transactions on, the whole thing doesn't work. The blockchain is absolutely necessary.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. so LN users need to be risk aware of methods where their co-partner of channel can use and abuse LN features to break those locks/pegs to steal funds from the other person. and yep there are many ways to lose value due to those weak mechanisms
The system can be abused if your node isn't online and checking the blockchain at all times, but that's not a secret and it doesn't make it 'not Bitcoin', either. It's just a tradeoff for the benefits that you get from it.I can construct other Bitcoin scripts that allow users to do cool stuff, but require them to check for themselves that they're not cheated on; that doesn't make this script somehow 'not be Bitcoin'.
If Lightning funds 'are not Bitcoin', what do you think happens when opening a Lightning channel? Funds are burned? And what happens when you close it? They reappear out of thin air into your wallet? It's a script. Lightning is just a Bitcoin script. It's not that complicated..
im saying be risk aware when using it and not think that its as secure as bitcoin
just be smart and not utopian dreamy. understand the difference between LN vs bitcoin. there is alot of differences..
Stating the obvious here, franky! Wow! Who would have thought. just be smart and not utopian dreamy. understand the difference between LN vs bitcoin. there is alot of differences..
