Say I have 100 sats in a LN wallet. I lose access to the wallet somehow. What happens to those 100 sats in the base layer #bitcoin blockchain?
Discussion
I think…
I don’t know
Have you asked ChatGPT?
Ha - That’s like when someone scolds you for not searching the archives before asking a question.
My guess is (1) it’s lost or (2) the other person on the other end of the channel can close it and claim those sats.
🤷
It eventually gets settled when the corresponding Ligtning channel gets closed.
Where will the 100 sats settle? If I lost my LN address and generally when we create a LN address most UI I have seen don’t say this LN address is associated with this Bitcoin address and provide us with a private key for that bitcoin address. Not sure who gets those 100 sats.
That LN wallet of yours is using some lightning channel where your money exists.
If you use custodial wallet(i.e. Speed wallet or Wallet of Satoshi) and just delete your wallet, the wallet provider will get to keep custody of the sats.