Replying to Avatar Matthew Mezinskis

UTXO on base still seems to be a different thing than LN balance (still great obv).

Unless he’s changed his definition, I always refer back to this tweet by #[7]​: https://twitter.com/peterktodd/status/1034224329058205696

Avatar
Max 2y ago

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

Reply to this note

Please Login to reply.

Discussion

Avatar
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 🍊

Avatar
Max 2y ago

Single sig script is also a smart contract.

Avatar
Michael Matulef 2y ago

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

Avatar
Max 2y ago

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