What is Nostr?
drgo / Dr. Bitcoin, MD
npub1fa8…thnd
2024-01-04 19:44:20
in reply to nevent1q…vc5c

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.
Author Public Key
npub1fa8c9prxnrlkdtjl48adfsxyaduz8tas075l2n4f6903y9awjmxqanthnd