drgo on Nostr: Backup is needed to avoid penalty transaction. Suppose you set up a 1 btc channel to ...
Backup is needed to avoid penalty transaction. Suppose you set up a 1 btc channel to me and spend 1 sat and your machine crashes. Then you try to force close as if you spent nothing. Well, the penalty transaction gives me control of the full channel. You just lost almost an entire coin because you tried to cheat me out of a sat.
Published at
2024-01-04 19:44:20Event JSON
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"content": "Backup is needed to avoid penalty transaction. Suppose you set up a 1 btc channel to me and spend 1 sat and your machine crashes. Then you try to force close as if you spent nothing. Well, the penalty transaction gives me control of the full channel. You just lost almost an entire coin because you tried to cheat me out of a sat.",
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