Replying to Avatar Max

Yet still, lightning (the presigned transaction etc) is equivalent to base money, it is not fiduciary media.
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Michael Matulef 2y ago

I agree that it's not fiduciary media, but from a property rights prospective they are still fundamentally different assets.

Keys to a UTXO are bearer assets and lightning channels are smart contracts with those bearer assets.

I think they are comparatively different things. 🍎 and 🍊

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Max 2y ago

Single sig script is also a smart contract.

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Michael Matulef 2y ago

Do you view them as categoricaly different types of smart contracts then?

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Max 2y ago

Not really, it's just different ways to hold base money, I'd say...