Quote from: n0nce on Today at 02:25:38 AM

Quote from: franky1 on Today at 02:19:15 AM

converting a onion payment amount of 99,999msat
to 10sat is not a rounding error

its a full conversion at a 1000x rate
that 1000x rate is the part im on about not the idio roundong silly petty brush under carpet arguments you think that only happens in LN

That's not what is happening, though. 99,999msat are rounded down to 99sat if the channel state has to be settled on the blockchain (read: channel is closed). Just under 1sat gets lost. No 1000x rates or anything.

rounding is not a /1000
also there is no hard rule that is consensus defined and locked to ensure converting is done at a 1000 rate

i am laughing that you call a change by a factor of 1000x "rounding"

ok you give me $1999.. and ill "round that down for you to $1.90
and give you back $1.90 and tell you its the same things just rounded

do you observe how going from near 10,000 down to 10 is not "rounding" its division.. and when that rate is not fixed by any hard rule that is unbreakable. its called pegging. and if you ever done any clothes drying in the back yard you would know pegs break. as many sidechains and some stable coins have learned.. and its a shame you have not learned this

Quote from: n0nce on Today at 02:25:38 AM

Quote from: franky1 on Today at 02:19:15 AM

Quote from: n0nce on Today at 12:49:33 AM

Do you have an idea about an off-chain system which doesn't need to be 'watched' / online? That would be amazing.

yea. its called bitcoin
i dont need to be online all day to "watch" it for theft. heck it even comes in the form of paper wallet

Nobody is arguing against Bitcoin. Lightning is an addition to Bitcoin trying to solve the scaling problem.

scaling bitcoin is not "stop using bitcoin often and use another network"
as thats the same as saying drop bitcoin and use litecoin
if you are telling people to not use bitcoin your not helping bitcoin

Quote from: n0nce on Today at 02:25:38 AM

Quote from: franky1 on Today at 02:19:15 AM

i dont think you LN folk realise that LN "tech" is actually the failed projects of cypherpunks 2000-2007.. it was then bitcoin and blockchains that solved a problem for smart contracts..

Only Bitcoin and its blockchain enables a concept such as Lightning to work. In 2000-2007 that didn't exist, which is why any project aiming to do what LN does, would have failed.

smart contracts of 2party signing a payment is OLD tech

also LN can stop operate.. as proven by setting pup channels with no utxo backing..

and how other cryptos have LN

Quote from: n0nce on Today at 02:25:38 AM

I know you love the blockchain, and we do, too; without it, Lightning is unthinkable.

i wont repeat myself. just look at my last paragraph of this post.

i do laugh that you still think LN is a sole feature of bitcoin and only compatible with bitcoin and relies on bitcoin to function..

i also laugh that you think telling users to not use bitcoin and then shout some FUD about why bitcoin is not fit for use, just to advertise LN as the solution to bitcoins unfitness.. very very shameful tactics