Replying to Avatar G.M.Joe

I am curious:

Is it possible for a bank to make a fractionally reserved "lightning-clone"?

Example: A bank runs a 10% reserved lightning-clone. User A uses the banks lightning to send 10k Sats to User B that uses "normal" lightning. So user B only gets 1k sats.

I do not want to know if this fits the philosophy or vision of bitcoin or your vision of bitcoin. I want to know if it is technically possible (which I imagine is possible)?

#asknostr #plebchain #lightning
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Tuvok 1y ago

a lightning node or a eCash setup could show you or all useres a higher balance then the node or mint even has.

it would be functional but if all want to cash out the last one could not send sats out, even if they still got a balance

its scaling

we got a trilemma with

security, decentralization and scaling

you cant solve for all 3

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G.M.Joe 1y ago

Yes. But my point is that when the fractional system "syncs" with the base layer or sends sats to a fully reserved wallet it is only a fraction.

I send you 10 fractionally reserved sats and you get one on your fully reserved wallet.

So this problem is not there. So fractionally reserved channels would not lead to a crash of the whole system.

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Tuvok 1y ago

yes, the system is still safe even with bad actors