Where you been man? Lightening network doesn’t support miners. It’s off chain transaction. It’s a repeat of paper on gold. It’s not final transaction settlement and it requires trust. It’s a lot like the dollar system we’re in. It’s a real problem. But few like to discuss this.
Discussion
Right. I just assumed (incorrected apparently) the auto channel refreshes, or some aspect would happen onchain more frequently.
Unfortunately, no. There is also a case where those opening channels may have malicious intent and nothing can be done to prevent this. Only retroactively enforce penalties. Final transaction is a huge deal. Lightening doesn’t get us there for peer to peer. For this reason, I’m a big fan of BTC for store of value and Kaspa for peer to peer. But if you mention Kaspa in Bitcoin circles, there’s weeping and gnashing of teeth.
So you’re pro lightning? Lol. I’m no expert so what’s the alternative plz. Thx
I don’t mind lightening, but it’s not final settlement. It’s not Bitcoin. If you own Lightening sats, you don’t own BTC. There’s a reason the addresses are different. You have to find somebody willing to trade out your lightening sats to BTC, like Mallers with Strike. It’s a layer 2.
Ideally, a scalable, layer-1 that is POW, that is secure, and allows for final settlement for P2P transactions. We may have this in Kaspa. Although you can’t say that around here because the religious zealots get emotional and stop thinking logically.